Adjusted net sales for the full year were $2.7 billion. Adjusting for the $269 million impact of foreign exchange and the $46 million impact from declining resin prices, adjusted net sales were slightly higher than the prior year, driven by a 2.3% volume improvement over 2014. Adjusted EBITDA for the full-year was $336 million. Adjusting for currency impacts of $32.7 million, adjusted EBITDA would have been $369 million, an 8.2% improvement over the full year of 2014.
“We are very pleased with our 2015 results,” says Gary Masse, president/CEO. “We experienced organic growth, pricing discipline, productivity gains and inventory turn improvement using the tools and processes of the Coveris Business System.”