Mining & Metals
Savaria Targeting $1.6 Billion Revenue by End 2030
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.
$SIS.TO