Total sales for 2014 were US$4.258 billion. Where we distinguished ourselves was in our market pulp and wood products segments, which generated US$221 million of EBITDA. In other words, we add up what we’ve earned in these segments and deduct the interest, taxes, depreciation and amortization to calculate a measure we can use to determine financial health.
In this case, our EBITDA for these segments demonstrated a 30% improvement over 2013. Their strong performance helped us deliver three solid consecutive quarters to finish the year with US$366 million of adjusted EBITDA, even as the abnormally cold winter of 2014 set us back by US$55 million.
Check out Resolute’s combined 2014 Annual Report for more information on our financial and sustainability performance and other interesting #RFPfacts.