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Earnings Call Summary | SAVARIA CORP(SISXF.US) Q1 2024 Earnings Conference

Futu News ·  May 12 16:04  · Conference Call

The following is a summary of the Savaria Corporation (SISXF) Q1 2024 Earnings Call Transcript:

Financial Performance:

  • Savaria Corporation reported Q1 2024 revenue of $209.4 million, primarily due to divestitures but partially offset by organic growth.

  • Gross margin reaching record levels of 36% compared to 34% in Q1 2023.

  • North American accessibility revenue experienced an overall growth of 11%.

  • EBITDA margins stand at $34.7 million and 16.6%, marking an improvement from the previous year.

Business Progress:

  • Initiatives like 'Access Plus' and 'Savaria One' have improved profitability despite a minor decrease in revenues.

  • The company aims to achieve a growth target of $1 billion by 2025 through operational improvements and potential acquisitions.

  • Savaria expects growth in its European market and a continuous organic growth in the North American market.

  • The company is investing in programs like Savaria One to enhance efficiencies, operational flow, and expects some product-related improvements in Q2.

  • Savaria acquired Matot to expand its product portfolio, aiming to broaden the market for these products with its larger dealer network.

More details: SAVARIA CORP IR

Tips: For more comprehensive details, please refer to the IR website. The article is only for investors' reference without any guidance or recommendation suggestions.

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