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  • Savaria - Savaria Reports Best Quarterly Results in its History
    million or 11 9 from 32 7 million to 36 6 million Gross margin for the second quarter of 2013 is up 1 million at 30 5 of revenue compared to 27 9 in the second quarter of 2012 For the first semester of 2013 gross margin is up 1 7 million at 29 6 of revenue compared to 27 8 in 2012 This increase is due to the increase in revenue and to the cost savings following the relocation of the Brampton plant in the building acquired in 2012 Operating income for the second quarter of 2013 is up 846 000 or 78 from 1 1 million in 2012 to 1 9 million in 2013 For the first semester of 2013 operating income increased 1 9 million or 107 from 1 8 million to 3 7 million Net income for the second quarter of 2013 is up 106 from 691 000 in 2012 to 1 4 million in 2013 an increase of 734 000 For the first semester of 2013 net income is up 153 from 1 1 million to 2 7 million an increase of 1 6 million EBITDA for the second quarter of 2013 is up by 924 000 or 58 from 1 6 million in 2012 to 2 5 million in 2013 For the first semester of 2013 EBITDA is up 2 2 million or 83 3 from 2 6 million in 2012 to 4 8 million in 2013 Dividend The Corporation s Board of Directors has declared a dividend of 2 cents 0 02 per common share payable on August 29 2013 to shareholders of record of the Corporation at the close of business on August 15 2013 This is an eligible dividend within the meaning of the Income Tax Act Savaria Corporation savaria com is North America s leader in the accessibility industry focused on meeting the needs of people with mobility challenges Savaria designs manufactures installs and distributes primarily elevators for home and commercial use as well as stairlifts and vertical and inclined platform lifts In addition it converts and adapts wheelchair accessible automotive vehicles and offers scooters and motorized wheelchairs The diversity of its product line one of the world s most comprehensive enables the Corporation to stand out by proposing an integrated and customized solution for its customers mobility needs Its operations in China have substantially grown and the collaboration with Savaria s other Canadian facilities increases its competitive edge in the market place The Corporation records slightly over 50 of its revenue outside Canada primarily in the United States It has a sales network of some 600 retailers in North America and employs some 360 people at its head office in Laval and at its plants in Montreal Quebec Brampton and London Ontario Calgary Alberta and Huizhou China Compliance with International Financial Reporting Standards IFRS The information appearing in this press release has been prepared in accordance with IFRS However the Corporation uses EBITDA for analysis purposes to measure its

    Original URL path: https://www.savaria.com/Investors/news?path=/Investors/news&node=Q2results2013 (2016-02-16)
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  • Savaria - Savaria Reports Best Q1 Results in its History
    success on the market The performance of the last two quarters allows us to be optimistic for the rest of 2013 concluded Mr Bourassa Operating Results Comparative Analysis with First Quarter 2012 For first quarter 2013 revenue is 17 2 million compared to 15 2 million in 2012 an increase of 2 million or 12 9 Gross margin for first quarter of 2013 is up by 703 000 representing 28 7 of revenue compared to 27 8 in first quarter 2012 These savings are the result of the relocation of the Brampton plant in the building acquired in 2012 Operating income for first quarter 2013 is up by 1 1 million or 152 from 706 000 in 2012 to 1 8 million in 2013 Net income for first quarter is up by 242 from 360 000 in 2012 to 1 2 million in 2013 an increase of 872 000 EBITDA for first quarter is up 1 3 million from 1 million in 2012 to 2 3 million in 2013 an increase of 124 Savaria Corporation savaria com is North America s leader in the accessibility industry focused on meeting the needs of people with mobility challenges Savaria designs manufactures installs and distributes primarily elevators for home and commercial use as well as stairlifts and vertical and inclined platform lifts In addition it converts and adapts wheelchair accessible automotive vehicles and offers scooters and motorized wheelchairs The diversity of its product line one of the world s most comprehensive enables the Corporation to stand out by proposing an integrated and customized solution for its customers mobility needs Its operations in China have substantially grown since 2006 and the collaboration with Savaria s other Canadian facilities increases its competitive edge in the market place The Corporation records slightly over 50 of its revenue outside Canada primarily in the United States It has a sales network of some 600 retailers in North America and employs some 360 people at its head office in Laval and at its plants in Montreal Quebec Brampton and London Ontario Calgary Alberta and Huizhou China Compliance with International Financial Reporting Standards IFRS The information appearing in this press release has been prepared in accordance with IFRS However the Corporation uses EBITDA for analysis purposes to measure its financial performance This measure has no standardized definition in accordance with IFRS and is therefore regarded as a non IFRS measure This measure may therefore not be comparable to similar measures reported by other companies Reconciliation between net income for the period and EBITDA is provided in the Financial Highlights section below Cautionary Notice Regarding Forward Looking Statements Certain information in this press release may constitute forward looking statements regarding Savaria including without being limited thereto understanding of the elements that might affect the Corporation s future relating to its financial or operating performance the costs and schedule of future acquisitions supplementary capital expenditure requirements and legislative matters Most frequently but not invariably forward looking statements are identified by the use

    Original URL path: https://www.savaria.com/Investors/news?path=/Investors/news&node=Q1results2013 (2016-02-16)
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  • Savaria - Savaria Changes Its Dividend Policy and Moves from an Annual to a Quarterly Dividend
    income before income tax depreciation and amortization for a given fiscal year The first quarterly dividend is payable on June 11 2013 to shareholders of record of the Corporation at the close of business on May 28 2013 This is an eligible dividend within the meaning of the Income Tax Act A Word from the President The change in our dividend policy is another important milestone in the history of Savaria The payment of a recurring dividend year after year shows that the Corporation has the ability to generate cash flow and this every year for the last nine years declared Marcel Bourassa President and Chief Executive Officer of Savaria Savaria Corporation savaria com is North America s leader in the accessibility industry focused on meeting the needs of people with mobility challenges Savaria designs manufactures installs and distributes primarily elevators for home and commercial use as well as stairlifts and vertical and inclined platform lifts In addition it converts and adapts wheelchair accessible automotive vehicles and offers scooters and motorized wheelchairs The diversity of its product line one of the world s most comprehensive enables the Corporation to stand out by proposing an integrated and customized solution for its customers mobility needs Its operations in China have substantially grown since 2006 and the collaboration with Savaria s other Canadian facilities increases its competitive edge in the market place The Corporation records slightly over 50 of its revenue outside Canada primarily in the United States It has a sales network of some 600 retailers in North America and employs some 360 people at its head office in Laval and at its plants in Montreal Quebec Brampton and London Ontario Calgary Alberta and Huizhou China Forward looking statements Certain statements may constitute forward looking statements Such forward looking statements involve risks

    Original URL path: https://www.savaria.com/Investors/news?path=/Investors/news&node=dividendpolicy (2016-02-16)
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  • Savaria - Savaria: 2013 Annual Shareholders Meeting
    16 th at 11 00 AM Place Hotel Le Crystal Crescent Room 1100 de la Montagne street Montreal In addition to the usual resolutions a review of Savaria s fiscal 2012 and 2013 first quarter highlights will be presented The Notice of Annual Meeting the Management Information Circular and the 2012 Financial Statements and related Management Discussion and Analysis are available on the following websites www savaria com and www sedar com Savaria Corporation savaria com is North America s leader in the accessibility industry focused on meeting the needs of people with mobility challenges Savaria designs manufactures installs and distributes primarily elevators for home and commercial use as well as stairlifts and vertical and inclined platform lifts In addition it converts and adapts wheelchair accessible automotive vehicles and offers scooters and motorized wheelchairs The diversity of its product line one of the world s most comprehensive enables the Corporation to stand out by proposing an integrated and customized solution for its customers mobility needs Its operations in China have substantially grown since 2006 and the collaboration with Savaria s other Canadian facilities increases its competitive edge in the market place The Corporation records slightly over 50 of its revenue outside Canada primarily in the United States It has a sales network of some 600 retailers in North America and employs some 360 people at its head office in Laval and at its plants in Montreal Quebec Brampton and London Ontario Calgary Alberta and Huizhou China 30 For more information please contact Helene Bernier CA Vice President Finance helene bernier savaria com 1 800 931 5655 ext 248 www savaria com Marcel Bourassa Chairman of the Board President and Chief Executive Officer 1 800 661 5112 related information News Archives recent news Savaria Declares its Quarterly Dividend 2016 02 05

    Original URL path: https://www.savaria.com/Investors/news?path=/Investors/news&node=shareholders2013 (2016-02-16)
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  • Savaria - Savaria Reports Record Revenue for Q4 2012 and Declares Dividend of 8 Cents per Share
    Results Comparative Analysis with Fourth Quarter and Fiscal 2011 For fourth quarter of 2012 revenue is up 1 5 million or 9 2 for a total of 17 9 million the highest quarterly revenue in the history of Savaria compared with 16 4 million for same quarter previous year For fiscal 2012 revenue is up 1 4 million or 2 2 for a total of 66 7 million compared with 65 3 million for previous fiscal year Gross margin for the fourth quarter of 2012 is up 143 000 at 26 5 of revenue compared to 28 in 2011 For fiscal 2012 gross margin is down 178 000 at 27 1 of revenue compared to 27 9 in 2011 The main cause of the decrease in gross margin percentage is the unfavourable variation in the foreign exchange rate which had a negative impact of 620 000 for the fourth quarter and 936 000 for the year Operating income for the fourth quarter of 2012 is up 232 000 or 22 4 from 1 million in 2011 to 1 3 million in 2012 For fiscal 2012 operating income is down 465 000 or 13 7 from 3 4 million in 2011 to 2 9 million in 2012 Were it not for moving expenses of 1 million for the relocation of the Brampton Ontario operations in a building acquired in the second quarter operating income for fiscal 2012 would have been 3 9 million Net income for the fourth quarter is up 139 from 398 000 in 2011 to 1 million in 2012 an increase of 554 000 For fiscal 2012 net income is down 21 1 or 423 000 from 2 million to 1 6 million EBITDA for the fourth quarter is up 659 000 from 1 1 million in 2011 to 1 8 million in 2012 an increase of 57 5 For fiscal 2012 EBITDA is down 588 000 or 11 6 from 5 1 million in 2011 to 4 5 million in 2012 Dividend The Corporation s Board of Directors has declared a dividend of 8 cents 0 08 per common share payable on April 24 2013 to shareholders of record of the Corporation at the close of business on April 9 2013 This is an eligible dividend within the meaning of the Income Tax Act Savaria Corporation savaria com is North America s leader in the accessibility industry focused on meeting the needs of people with mobility challenges Savaria designs manufactures and distributes primarily elevators for home and commercial use as well as stairlifts and vertical and inclined platform lifts In addition it converts and adapts wheelchair accessible automotive vehicles and offers scooters and motorized wheelchairs The diversity of its product line one of the world s most comprehensive enables the Corporation to stand out by proposing an integrated and customized solution for its customers mobility needs Its operations in China have substantially grown since 2006 and the collaboration with Savaria s other Canadian facilities increases its competitive

    Original URL path: https://www.savaria.com/Investors/news?path=/Investors/news&node=Q4results2012 (2016-02-16)
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  • Savaria - Savaria Corporation Launches a Normal Course Issuer Bid
    200 000 or more ii of at least 5 000 shares having a purchase price of at least 50 000 or iii of at least 20 board lots of shares which total 150 or more of the ADTV The normal course issuer bid will begin on February 1 2013 and will run until January 31 2014 at the latest These purchases are to be made through the facilities of the TSX in accordance with its requirements on normal course issuer bids The price which Savaria will pay for any common shares will be the market price at the time of acquisition plus brokerage fees Savaria has purchased 60 800 of its common shares at a weighted average price of 1 40 within the last twelve months pursuant to a normal course issuer bid which began on December 12 2011 and terminated on December 11 2012 Savaria believes that the purchase of its shares may makes appropriate use of its available cash and therefore that the issuer bid is in the best interests of Savaria and its shareholders Savaria Corporation savaria com is North America s leader in the accessibility industry focused on meeting the needs of people with mobility challenges Savaria designs manufactures and distributes primarily elevators for home and commercial use as well as stairlifts and vertical and inclined platform lifts In addition it converts and adapts wheelchair accessible automotive vehicles and offers scooters and motorized wheelchairs The diversity of its product line one of the world s most comprehensive enables the Corporation to stand out by proposing an integrated and customized solution for its customers mobility needs Its operations in China have substantially grown since 2006 and the collaboration with Savaria s other Canadian facilities increases its competitive edge in the market place The Corporation records slightly over

    Original URL path: https://www.savaria.com/Investors/news?path=/Investors/news&node=dividend13 (2016-02-16)
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  • Savaria - Savaria Announces Results for the Third Quarter of 2012
    shutdown of the Brampton Ontario plant s operations to relocate said operations to a building acquired last April and to a negative impact of 265 000 from variations in foreign exchange rates For the first three quarters of 2012 revenue is stable at 48 9 M Gross margin for third quarter 2012 is down by 1 7 M representing 21 4 of revenue compared to 29 5 in 2011 For the first three quarters of 2012 gross margin is down by 1 2 M representing 25 4 of revenue compared to 27 9 in 2011 In addition to the decrease in revenue moving costs of 770 000 for the third quarter and 921 000 for the nine month period also have had an adverse effect on gross margins Operating income for third quarter 2012 is down by 1 4 M or 110 from a gain of 1 3 M in 2011 to a loss of 135 000 in 2012 For the first three quarters of 2012 the decrease was 697 000 or 30 from 2 4 M to 1 7 M Net income for third quarter is down by 133 from a gain of 1 3 M in 2011 to a loss of 425 000 in 2012 a decrease of 1 7 M For the first three quarters net income is down 61 from 1 6 M to 626 000 a decrease of 977 000 EBITDA for third quarter was down 2 2 M from 2 3 M in 2011 to 62 000 in 2012 For the first three quarters EBITDA decreased by 1 2 M from 3 9 M in 2011 to 2 7 M in 2012 a decrease of 32 Savaria Corporation savaria com is North America s leader in the accessibility industry focused on meeting the needs of people with mobility challenges Savaria designs manufactures and distributes primarily elevators for home and commercial use as well as stairlifts and vertical and inclined platform lifts In addition it converts and adapts wheelchair accessible automotive vehicles and offers scooters and motorized wheelchairs The diversity of its product line one of the world s most comprehensive enables the Corporation to stand out by proposing an integrated and customized solution for its customers mobility needs Its operations in China have substantially grown since 2006 and the collaboration with Savaria s other Canadian facilities increases its competitive edge in the market place The Corporation records slightly over 50 of its sales outside Canada primarily in the United States It has a sales network of some 600 retailers in North America and employs close to 400 people at its head office in Laval and at its plants in Montreal Quebec Brampton and London Ontario Calgary Alberta and Huizhou China Compliance with International Financial Reporting Standards IFRS The information appearing in this press release has been prepared in accordance with IFRS However the Corporation uses EBITDA for analysis purposes to measure its financial performance This measure has no standardized definition in accordance with IFRS

    Original URL path: https://www.savaria.com/Investors/news?path=/Investors/news&node=Q3results2012 (2016-02-16)
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  • Savaria - Savaria To Make China’s Hainan East Railway Stations Accessible
    to thousands of tourists every day Now the island will be even more accessible to those with mobility challenges We are very pleased to have been chosen for this project said Sebastien Bourassa President Savaria Huizhou The Savaria Omega inclined platform lift features a space saving folding platform that safely carries a wheelchair passenger by travelling on a guiderail that is securely attached to the stairs For this project the lifts will be finished in stainless steel offering a modern look that complements the beautiful architecture of the award winning railway system About the Hainan East Railway Opened officially in January 2011 the 300 kilometer line services the popular tourist island of Hainan The 8 car train travels up to 250 km per hour and links the capital city of Haikou in the north to Sanya at the southern end of the province The train takes just over 80 minutes to travel between these 2 major cities half the time it would take by car The cost to build the line has been estimated at 3 billion and it took 3 years to complete A second west line is planned to be built to further service the island Savaria Corporation savaria com is a North American leader in the accessibility industry focused on meeting the needs of people with mobility challenges Savaria designs manufactures and distributes primarily elevators for home and commercial use as well as stairlifts and vertical and inclined platform lifts In addition it converts and adapts wheelchair accessible automotive vehicles and offers scooters and motorized wheelchairs The diversity of its product line one of the world s most comprehensive enables the Corporation to stand out by proposing an integrated and customized solution for its customers mobility needs Its operations in China have substantially grown since 2006 and

    Original URL path: https://www.savaria.com/Investors/news?path=/Investors/news&node=Hainan (2016-02-16)
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