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  • Savaria - Savaria: 2011 Annual Shareholders Meeting
    May 18th at 10 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 2010 highlights will be presented The Notice of Annual Meeting the Management Information Circular and the 2010 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 Canada s leader and the second largest North American company in the accessibility industry focused on meeting the needs of people with mobility challenges Savaria designs manufactures and distributes primarily elevators for residential and commercial use as well as stairlifts and vertical and inclined platform lifts In addition it converts and adapts wheelchair accessible automotive vehicles and also 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 on the market 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 420 people at its head office in Laval and at its plants in Ville Saint Laurent 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

    Original URL path: https://www.savaria.com/Investors/news?path=/Investors/news&node=assemble (2016-02-16)
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  • Savaria - Savaria raises its EBITDA by 29% to 23.3 cents per share for fiscal 2010 and declares a dividend of 10.2 cents per share
    Corporation TSX SIS Canada s leader in the accessibility industry today disclosed its results for the fourth quarter and fiscal year ended December 31 2010 Fiscal 2010 Highlights Sales up by 18 to 65 2 million representing the best annual sales since the start of operations EBITDA up by 29 to 5 3 million or 23 cents per share representing the best EBITDA since the start of operations Earnings per share of 10 8 cents up from 8 9 cents for 2009 an increase of 21 Four acquisitions including two in the Accessibility segment and two in the Adapted vehicles segment bringing sales on a annualized basis to a potential of 70 million ISO 9001 certification obtained by the Chinese subsidiary Savaria Huizhou thereby confirming the application of high level manufacturing standards A Word from the President Savaria achieved its best results ever in 2010 Sales reached a record high of 65 million a growth of more than 18 over 2009 whereas EBITDA rose to a record high of 5 3 million an increase of more than 29 over 2009 The Corporation also closed four acquisitions in Canada thereby confirming our leadership in the accessibility industry These companies will benefit from our manufacturing expertise and the strength of our sales network and marketing indicated Marcel Bourassa President and Chief Executive Officer of Savaria I therefore believe a very bright future lies ahead for Savaria over both the short and long term We are led to infer that these results attest simultaneously to the Corporation s financial health and its great potential concluded Mr Bourassa 30 related information News Archives recent news Savaria Declares its Quarterly Dividend 2016 02 05 Savaria discloses its preliminary Q4 2015 results 2016 01 19 Savaria Forecast 2016 Results To Be A Record Year 2015 12

    Original URL path: https://www.savaria.com/Investors/news?path=/Investors/news&node=EBITDA (2016-02-16)
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  • Savaria - Savaria Corporation Launches a Normal Course Issuer Bid
    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 An independent valuation of the fair market value of the common shares of Savaria Valuation has been prepared by the firm Burkman Capital Corporation BCC as of June 25 2009 in the context of an Offer to purchase for cash Subject to the assumptions limitations restrictions and the scope of BCC s work as set out in the Valuation BCC concluded that in its opinion the fair market value of 100 of the issued and outstanding common shares as at the Valuation date is in the range of 21 200 000 to 24 500 000 or 0 78 to 0 91 per common share A copy of the Valuation may be obtained on request from Mrs Helene Bernier VP Finance of Savaria 2724 Etienne Lenoir Street Laval Quebec H7R 0A3 Telephone 1 800 931 5655 Also a copy of the Valuation is being filed on SEDAR under Savaria s profile Savaria has purchased 289 655 of its common shares at a weighted average price of 1 17 within the last twelve months pursuant to a normal course issuer bid which began on December 3 2009 and will terminate on December 2 2010 Savaria believes that the purchase of its shares 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 Canada s leader and the second largest North American company in the accessibility industry focused on meeting the needs of people with mobility challenges Savaria designs manufactures and distributes primarily elevators for residential and commercial use as well as stairlifts

    Original URL path: https://www.savaria.com/Investors/news?path=/Investors/news&node=BID (2016-02-16)
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  • Savaria - Savaria increases its EBITDA by 49% during the first three quarters reaching a level of 18.5 cents per share
    came from the contribution of the operations of the new subsidiaries acquired during 2010 The Accessibility segment s sales accounted for 1 4 million of the total increase whereas those of the Adapted Transport segment contributed 1 7 million For the first three quarters of 2010 sales rose 17 from 40 9 million in 2009 to 47 9 million in 2010 Of this 7 million growth 4 8 million came from the contribution of the operations of the subsidiaries acquired during 2010 Gross Profit Gross profit grew by 1 3 million for the third quarter of 2010 over the same period of 2009 The sales growth and different measures such as greater productivity and a significant increase in purchases from the Chinese subsidiary Savaria Huizhou and other Chinese suppliers enabled the Corporation to improve its gross margin to 29 up from 26 for the third quarter of 2009 For the first nine months gross profit grew by 3 1 million for 2010 over the same period of 2009 and the gross margin rose as for the Quarter from 26 to 29 Operating Earnings Operating earnings improved by 545 000 in the third quarter of 2010 over the corresponding quarter of 2009 from 599 000 in 2009 to 1 1 million in 2010 For the first three quarters the increase came to 1 6 million over 2009 as operating earnings increased from 1 6 million to 3 2 million Net Earnings Net earnings rose from 224 000 in the third quarter of 2009 to 526 000 in the same quarter of 2010 an increase of 302 000 or 135 For the nine month period net earnings grew from 1 4 million in 2009 to 2 million in 2010 Savaria Corporation savaria com is Canada s leader and the second largest North American company in the accessibility industry focused on meeting the needs of people with mobility challenges Savaria designs manufactures and distributes primarily elevators for residential and commercial use as well as stairlifts and vertical and inclined platform lifts In addition it converts and adapts wheelchair accessible automotive vehicles and also offers scooters and motorized wheelchairs The diversity of its product line one of the world s most comprehensive in the industry enables the Corporation to stand out by offering 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 on the market The Corporation records approximately 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 455 people at its head office in Laval and at its plants in Ville Saint Laurent Quebec Brampton London and Oakville Ontario Calgary Alberta and Huizhou China Compliance with Canadian Generally Accepted Accounting Principles The information appearing in this press release has been prepared in accordance with Canadian generally accepted accounting principles GAAP However the Corporation uses

    Original URL path: https://www.savaria.com/Investors/news?path=/Investors/news&node=Q3results2010 (2016-02-16)
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  • Savaria - Savaria Announces Results for its Second Quarter of 2010
    of 2010 sales rose 14 9 from 26 3 million in 2009 to 30 2 million in 2010 Of this 3 9 million increase 2 1 million came from the five month contribution of the operations of the new subsidiary Concord London Gross Profit Gross profit grew by 846 000 for the second quarter of 2010 over the same period of 2009 The strong sales growth and various measures including enhanced productivity and a significant increase in purchases from the Chinese subsidiary Savaria Huizhou and other Chinese suppliers enabled the Corporation to raise its gross margin to 29 3 up from 27 2 in the second quarter of 2009 For the six month period gross profit improved by 1 8 million for 2010 over the same period of 2009 and the gross margin rose from 26 to 28 6 during the same period Operating Earnings Operating earnings improved by 294 000 for the second quarter of 2010 over the second quarter of 2009 from 1 1 million in 2009 to 1 4 million in 2010 representing the Corporation s highest operating earnings ever if the sale of the Laval building in the second quarter of 2008 is excluded The growth came to 1 million for first six months of 2010 over the first half of 2009 as operating earnings grew from 1 million to 2 million These favourable variations are due to the increase in gross profit offset by an increase in selling and administrative expenses stemming from the addition of the new subsidiary Concord London Net Earnings Net earnings rose from 663 000 in the second quarter of 2009 to 1 3 million in the same quarter of 2010 an increase of 591 000 primarily reflecting the favourable variation of 294 000 in operating earnings and of 250 000 in exchange gains For the six month period net earnings grew from 1 2 million in 2009 to 1 4 million in 2010 This variation can be explained by the increase in operating earnings offset by the unfavourable variation of 940 000 in a put option related to restructured notes Cautionary Notice Regarding Forward Looking Statements Certain information in this press release may constitute forward looking statement 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 of such terms as plan expect should could budget expected estimated forecast intend anticipate believe variants thereof including negative variants or statements that certain events results or actions could should or will occur or be achieved Such statements involve known and unknown risks uncertainties and other factors liable to cause Savaria s actual results performance or achievements to differ materially from those set forth in or underlying the forward looking statements Such factors notably include general economic competitive political and social

    Original URL path: https://www.savaria.com/Investors/news?path=/Investors/news&node=Q2results2010 (2016-02-16)
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