Savaria sees 2023 revenue growth 8%-10%

Savaria is expecting revenue growth of approximately 8-10% with expected adjusted EBITDA margins of approximately 16% in fiscal 2023, based on the following assumptions: Organic growth coming from the Accessibility and Patient Care segments is expected to continue due to a combination of high backlog, cross-selling and strong demand. Successful integration of Handicare and progress toward achieving the next strategic phase of synergies progressing in-line with management’s plan. Management’s ability to continue to effectively manage supply chain challenges. This outlook excludes the financial contribution from any new acquisition.