Savaria Announces 2020 Q2 Results

Revenue of $84.7M and Adjusted EBITDA margin at 17.1% - Seite 2

“Despite the challenging climate presented by COVID-19, we generated revenue of $84.7 million in the second quarter of 2020 and adjusted EBITDA stood at $14.5 million, an increase of 1.8% compared to the same period in 2019. We have continued to effectively manage costs by product and location,” stated Mr. Marcel Bourassa, President and Chief Executive Officer of Savaria.

“Our theme Stay at Home with Savaria may resonate with people during the pandemic. We see encouraging statistics in U.S. housing starts and more people are investing in their homes, perhaps in lieu of travelling. Both of these scenarios provide a foundation for our home elevator and accessibility products sales. We have implemented many processes at Savaria to keep our employees safely working during the COVID-19 pandemic and it remains a key priority for us to continue monitoring the ongoing safety protocols at all our facilities to minimize risk for all our staff and customers. 

“I am optimistic for the last half of 2020 based on our strong sales bookings in July 2020 for accessibility products,” concluded Mr. Bourassa.

About Savaria Corporation

Savaria Corporation (savaria.com) is one of the global leaders in the accessibility industry. It provides accessibility solutions for the physically challenged to increase their comfort, their mobility and their independence. Its product line is one of the most comprehensive on the market. Savaria designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts and elevators for home and commercial use. It also manufactures and markets a comprehensive selection of pressure management products for the medical market, medical beds for the long-term care market, as well as an extensive line of medical equipment and solutions for the safe handling of patients. In addition, Savaria converts and adapts vehicles to be wheelchair accessible. The Corporation operates a sales network of dealers worldwide and direct sales offices in North America, Europe (Switzerland, Germany, Italy, Czech Republic, Poland and United Kingdom), Australia and China. Savaria employs approximately 1,430 people globally and its plants are located across Canada in Laval and Magog (Québec), Brampton, Beamsville and Toronto (Ontario) and Surrey (British Columbia), in the United States at Greenville (South Carolina), in Huizhou (China), in Milan (Italy) and in Newton Abbot (United Kingdom).