Savaria Announces Preliminary Q4 2015 Results

Savaria Corporation (TSX:SIS), announced partial results for its fourth quarter ended December 31, 2015.
Included in the quarterly results:

Quarter ended December 31, 2015

• Revenue increase of 24%;
• EBITDA increase of about 40%.

Savaria saw a strong fourth quarter with sales of $26.6 million, representing growth of 24% over Q4 2014 and marking the company’s best-ever sales quarter in its history. We estimate an EBITDA of 16% of sales, an increase of about 40% over same period previous year, a result attributed to increased sales volume.

Marcel Bourassa, President and Chief Executive Officer of Savaria stated:

We are very pleased with the strong finish to our fiscal year. In spite of various market conditions, people age every day and we make products that help them maintain freedom and independence. The complete results for Q4 will be released with the year-end results after the close of the market on March 10th.

Click here to view the full press release.