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Savaria Corp T.SIS

Alternate Symbol(s):  SISXF

Savaria Corporation is a Canada-based company engaged in the accessibility industry. The Company provides accessibility solutions for the physically challenged to increase their comfort, their mobility and their independence. Its segments include Accessibility and Patient Care. It designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts and elevators for home and commercial use. It also manufactures and markets a comprehensive selection of pressure management products for the medical market, medical beds for the long-term care market, as well as an extensive line of medical equipment and solutions for the safe handling of patients, including ceiling lifts and slings. It operates a sales network of dealers worldwide and direct sales offices in North America, Europe (United Kingdom, The Netherlands, Switzerland, Italy, Germany, Poland and Czech Republic), Australia and China.


TSX:SIS - Post by User

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Post by retiredcfon Nov 14, 2023 6:42am
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Post# 35733663

Another View

Another ViewSIS rose about 15% last week on the strength of an earnings beat, plus a positive shift in the markets overall. SIS plans to continue to integrate its acquisitions, and look for more deals to consolidate its product offerings and expand its territory. We would not expect a 'big' acquisition as it wants to pay down debt acquired from its Handicare deal. Debt is down about $70M from year end 2022. The 3Q was its strongest quarter ever, with organic growth of 5.1%. Its main goal right now is to see $1B in revenue by 2025. This is from 2023 estimates of $835M. (5iResearch)
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