Savaria Presents its Strongest Q1 on Record

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[{"type":"text","content":"Savaria Presents its Strongest Q1 on Record\n\n\n\n LAVAL, Québec, May 07, 2025 (GLOBE NEWSWIRE) -- Savaria Corporation (“Savaria”) (TSX: SIS), one of the global leaders in the accessibility industry, is pleased to announce its results for the first quarter of 2025.\n \n\n\n Highlights – Q1 2025 compared to\n \n\n Q1\n \n\n 2024\n \n\n\n\n Revenue was $220.2M, up $10.8M or 5.2%, mainly due to a positive foreign exchange impact of 3.3%, and organic growth of 0.8%. The revenue benefited from the contribution of Matot acquired last year.\n \n\n\n Accessibility\n \n experienced growth of 6.1%, including growth of 11.8% coming from North America and partially offset by a contraction of 2.8% in Europe.\n \n\n\n Patient Care\n \n achieved revenue growth of 2.1%.\n \n\n\n\n Gross profit was $83.3M, up $7.9M or 10.4%, representing 37.8% of revenue, an increase of 180 bps compared to 36.0% in Q1 2024.\n \n\n Operating income was $21.2M, up $3.5M or 19.8%, representing 9.6% of revenue compared to 8.5%.\n \n\n Adjusted EBITDA* was $40.6M, up $6.0M or 17.2%, representing $0.57 per share, up $0.08, when compared to Q1 2024.\n \n\n Adjusted EBITDA margin* stood at 18.5% up 190 bps compared to 16.6% in Q1 2024.\n \n\n\n Accessibility\n \n adjusted EBITDA margin* reached 20.1%.\n \n\n\n Patient Care\n \n adjusted EBITDA margin* stood at 18.8%.\n \n\n\n\n Net earnings were $12.5M or $0.17 per share on a diluted basis, compared to $11.6M or $0.16 per share in Q1 2024.\n \n\n The ratio of net debt to adjusted EBITDA* stood at 1.49 in comparison to 1.63 as at December 31, 2024.\n \n\n Available funds* of $254.7M, as of March 31, 2025, to support working capital, investments and growth opportunities.\n \n\n\n\n\n\n\n\n Q1\n \n\n\n\n\n in thousands of dollars, except per-share amounts\n \n\n\n 2025\n \n\n\n\n\n 2024\n \n\n\n\n\n Change\n \n\n\n\n\n Revenue\n \n\n\n $\n \n\n\n\n 220,232\n \n\n\n\n\n $\n \n\n 209,444\n \n\n\n\n 5.2\n \n\n %\n \n\n\n\n Gross profit\n \n\n\n $\n \n\n\n\n 83,251\n \n\n\n\n\n $\n \n\n 75,394\n \n\n\n\n 10.4\n \n\n %\n \n\n\n\n % of revenue\n \n\n\n\n\n 37.8\n \n\n\n\n %\n \n\n\n\n\n 36.0\n \n\n %\n \n\n 180 bps\n \n\n\n\n\n\n Operating income\n \n\n\n $\n \n\n\n\n 21,238\n \n\n\n\n\n $\n \n\n 17,721\n \n\n\n\n 19.8\n \n\n %\n \n\n\n\n Net earnings\n \n 1\n \n\n\n\n $\n \n\n\n\n 12,47...

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