Savaria Corp. (TSE:SIS) has released an update.
Savaria Corp. has reported a strong finish for fiscal year 2023, with revenues climbing to $837.0 million, a 6.1% increase from the previous year, driven by significant organic growth and positive foreign exchange impacts. The company’s gross profit and operating income have also seen substantial improvements, rising to $286 million and $72.2 million, respectively. These financial gains are part of Savaria’s strategic initiatives, including the Savaria One program, which aims to achieve around $1 billion in revenue and a 20% adjusted EBITDA margin by 2025.
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