EBITDA for the fourth quarter of 2014 increased by 2.3% to $52.7 million. For the full year of 2014, EBITDA increased by 3.0% to $480.0 million.
ADAMA agchem sales results ($ million)
|
||||||
Q4 ended Dec 31
|
Q4
2014
|
Q4
2013
|
% Change
|
Full Year
2014
|
Full Year
2013
|
% Change
|
Sales
|
674.2
|
655.7
|
+2.8
|
3,221.3
|
3076.4
|
+4.7
|
Net income(loss)
|
(32.6)
|
(29.1)
|
(11.9)
|
151.3
|
127.1
|
+19.1
|
EBITDA1
|
52.7
|
51.5
|
+2.3
|
480.0
|
466.0
|
+3.0
|
1 earnings before interest, tax, depreciation and amortization
|
ADAMA agchem sales results by region ($ million)
|
||||||
Q4 ended Dec 31
|
Q4 2014
|
Q4 2013
|
% Change
|
Full Year
2014
|
Full Year
2013
|
% Change
|
Europe
|
140.2
|
136.2
|
+2.9
|
1,186.7
|
1,140.3
|
+4.1
|
Latin America
|
822.5
|
757.5
|
+5.1
|
822.5
|
757.5
|
+8.6
|
North America
|
134.0
|
126.0
|
+6.3
|
544.8
|
516.2
|
+5.5
|
Asia Pacific, Africa & Israel
|
135.3
|
141.7
|
-4.5
|
667.3
|
662.4
|
+0.7
|
For the full year of 2014, revenues in North America increased by 5.5% to $544.8 million. The increase in sales in North America stemmed mainly from an increase in quantities sold, partially offset by lower selling prices. Revenues in North America during the fourth quarter of 2014 amounted to $134.0 million, compared with $126.0 million in the fourth quarter of 2013, an increase of 6.3%.
The strongest growth region for the year was Latin America, where revenues grew by 8.6% to $822.5 million. The increase in sales stemmed mainly from an increase in quantities sold. Revenues in Latin America during the fourth quarter of 2014 increased by 5.1% to $264.7 million.
For the full year of 2014, revenues in Asia Pacific, Africa & Israel increased by 0.7% to $667.3 million. The increase in sales in 2014 stemmed primarily from an increase in quantities sold, partially offset by negative currency effects. In constant currency terms, revenues for the full year 2014 increased by 4.8% compared with 2013. During 2014, Adama established a company in Turkey, an approximately $500 million dollar market, which recorded its first sales in 2014.
Revenues in Asia Pacific, Africa & Israel during the fourth quarter of 2014 amounted to $135.3 million compared with $141.7 million in the fourth quarter of 2013, a decrease of 4.5%. However, in constant currency terms, revenues for the fourth quarter 2014 increased by 0.6% compared with the fourth quarter of 2013.
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