FINWIRES · TerminalLIVE
FINWIRES

Savaria Targeting $1.6 Billion Revenue by End 2030

By

Savaria (SIS.TO) Tuesday said it is targeting a top-line revenue increase of 12% annually over the next five years, to reach $1.6 billion at the end of 2030.

The company, which provided an update on its five-year financial targets under its Savaria One framework, said it would maintain adjusted EBITDA margins of 20%. This would increase adjusted EBITDA per share to $4.25 by 2030, a statement said.

In 2023, Savaria launched a transformation plan called Savaria One to unlock value across the business. The program helped the company deliver $913.5 million in revenue in 2025 with an adjusted EBITDA margin exceeding 20%, the company said.

For the fiscal first quarter, Savaria is guiding to a 7% revenue increase to $235 million. Adjusted EBITDA is expected to be $48 million, 18% above last year, representing an adjusted EBITDA margin of 20%.

The company will host its second investor day today.

"At today's investor event, I can say that the last three years mark a historic time for Savaria. We invested significantly in ways we had not in the past - with our people and processes. Taking the time and effort to evaluate so much of what we do and improve it is like a major home renovation. We didn't cut corners, we really did our best work and the end result is a very solid, well-built house that will last us years," said Marcel Bourassa, executive chair.

Savaria shares closed down $0.22, to $29.95, on Monday on the Toronto Stock Exchange.

Related Articles

Mining & Metals

Emerita Resources Receives Unsolicited, Non-binding Takeover Offer From Denarius Metals

Emerita Resources (EMO.V) after trade Monday confirmed it received an unsolicited takeover offer from Denarius Metals to acquire all of its shares at a 15% premium to their April 10 closing price, with consideration structured entirely in Denarius shares.The company said Denarius has not provided additional terms in its offer letter, stating only that it is open to discussions with Emerita and has now publicly disclosed the offer.Emerita said its board, with its advisors, will review the proposal and decide what is in the best interest of the company and its shareholders. Shareholders do not need to take any action at this time."Emerita cautions its shareholders and potential investors that the offer letter is non-binding and there can be no certainty that Denarius' offer or any other strategic transaction will be pursued by Emerita, supported by the board or ultimately completed," the company said, adding that it will provide updates as needed.The company's shares closed up $0.06 to $0.32 on the TSX Venture Exchange

$EMO.V
Mining & Metals

NorthWest Copper Brief: Raising C$10 Million in a Best-Efforts Private Placement of Common Share Units, Charity Flow-Through Units and Flow-Through Shares

$NWST.V
Mining & Metals

AGF Management Names John Porter Chief Investment Officer

AGF Management (AGF-B.TO) after trade Monday said John Porter will become chief investment officer starting May 1.As CIO, Porter will lead the firm's investment team, set strategy, and focus on performance and risk management. He will report to Chief Executive Judy Goldring and join the executive management team, the company said."We are confident his leadership will unlock new opportunities, strengthen collaboration across our investment teams, and position AGF Investments for its next phase of growth," Goldring said.Porter most recently served as CIO at Newton Investment Management, part of BNY Investments. He previously held senior roles in equity investing and U.S. growth strategies after joining the firm in 2016, according to the statement.The company's shares closed up $0.19 to $20.02 on the Toronto Stock Exchange.

$AGF-B.TO