New Risk • Jun 28
New minor risk - Insider selling There has been significant insider selling in the company's shares over the past 3 months. Total value of shares sold: €2.0m This is considered a minor risk. There are several reasons why an insider may be selling, including to cover a tax obligation or pay for some other expense. However, we generally consider it a negative if insiders have been selling, especially if they do so below the current price. It implies that they considered a lower price to be reasonable. This is a weak signal, but if there is a pattern of unexplained selling, it can be a sign the insider believes the company's stock is overpriced. Note: We only include open market transactions and private dispositions of directly owned stock by individuals, not by corporations or trusts. This is currently the only risk that has been identified for the company. Announcement • Jun 22
Savaria Corporation Declares Monthly Dividend, Payable on July 9, 2026 Savaria Corporation declared a dividend of 4.67 cents ($0.0467) per common share, in accordance with its monthly dividend policy, payable on July 9, 2026, to shareholders of record of the Corporation at the close of business on June 30, 2026. Recent Insider Transactions • Jun 16
Executive Chairman of the Board recently sold €1.8m worth of stock On the 10th of June, Marcel Bourassa sold around 95k shares on-market at roughly €18.45 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite the recent sale, Marcel has been a net buyer over the last 12 months, purchasing a net total of €1.5m worth of shares. Announcement • Jun 10
Savaria Corporation to Report Q2, 2026 Results on Aug 05, 2026 Savaria Corporation announced that they will report Q2, 2026 results on Aug 05, 2026 Declared Dividend • May 28
Dividend of CA$0.047 announced Shareholders will receive a dividend of CA$0.047. Ex-date: 29th May 2026 Payment date: 9th June 2026 Dividend yield will be 2.0%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (50% earnings payout ratio) and cash flows (34% cash payout ratio). The dividend has increased by an average of 13% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 18% over the next year, which should provide support to the dividend and adequate earnings cover. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 1 experienced director. 8 highly experienced directors. Independent Director Pernilla Linden was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 24
Savaria Declares Monthly Dividend, Payable on May 8, 2026 Savaria Corporation declared a dividend of 4.67 cents ($0.0467) per common share, in accordance with its monthly dividend policy, payable on May 8, 2026, to shareholders of record of the Corporation at the close of business on April 30, 2026. Announcement • Apr 15
Savaria Corporation to Report Q1, 2026 Results on May 06, 2026 Savaria Corporation announced that they will report Q1, 2026 results on May 06, 2026 Announcement • Mar 21
Savaria Corporation Declares Monthly Dividend, Payable on April 10, 2026 Savaria Corporation declared a dividend of 4.67 cents ($0.0467) per common share, in accordance with its monthly dividend policy, payable on April 10, 2026, to shareholders of record of the Corporation at the close of business on March 31, 2026. Announcement • Mar 04
Savaria Corporation, Annual General Meeting, May 07, 2026 Savaria Corporation, Annual General Meeting, May 07, 2026. Location: quebec, montreal Canada Announcement • Feb 23
Savaria Corporation to Report Q4, 2025 Results on Mar 04, 2026 Savaria Corporation announced that they will report Q4, 2025 results After-Market on Mar 04, 2026 Announcement • Feb 20
Savaria Corporation Declares Monthly Dividend, Payable on March 10, 2026 Savaria Corporation declared a dividend of 4.67 cents ($0.0467) per common share, in accordance with its monthly dividend policy, payable on March 10, 2026, to shareholders of record of the Corporation at the close of business on February 27, 2026. This is an eligible dividend within the meaning of the Income Tax Act. Announcement • Jan 23
Savaria Corporation Declares Monthly Dividend, Payable on February 10, 2026 Savaria Corporation declared dividend of 4.67 cents ($0.0467) per common share, in accordance with its monthly dividend policy, payable on February 10, 2026, to shareholders of record of the Corporation at the close of business on January 30, 2026. This is an eligible dividend within the meaning of the Income Tax Act. Announcement • Dec 19
Savaria Corporation Declares Monthly Dividend, Payable on January 9, 2026 Savaria Corporation declared a dividend of 4.67 cents ($0.0467) per common share, in accordance with its monthly dividend policy, payable on January 9, 2026, to shareholders of record of the Corporation at the close of business on December 31, 2025. This is an eligible dividend within the meaning of the Income Tax Act. Announcement • Nov 22
Savaria Corporation Declares Monthly Dividend, Payable on December 9, 2025 Savaria Corporation declared a dividend of 4.67 cents ($0.0467) per common share, in accordance with its monthly dividend policy, payable on December 9, 2025, to shareholders of record of the Corporation at the close of business on November 28, 2025. This is an eligible dividend within the meaning of the Income Tax Act. Announcement • Oct 27
Savaria Corporation to Report Q3, 2025 Results on Nov 05, 2025 Savaria Corporation announced that they will report Q3, 2025 results After-Market on Nov 05, 2025 Announcement • Oct 24
Savaria Corporation announces Monthly dividend, payable on November 12, 2025 Savaria Corporation announced Monthly dividend of CAD 0.0467 per share payable on November 12, 2025, ex-date on October 31, 2025 and record date on October 31, 2025. Announcement • Sep 16
Savaria Corporation Approves Monthly Dividend, Payable October 8, 2025 Savaria Corporation announced that its Board of Directors has approved an increase to the Corporation’s monthly dividend, raising it to 4.67 cents (0.0467 $) per common share. On an annual basis, this represents an increase of two cents ($0.02) or 3.7%, raising the dividend to 56 cents ($0.56) per common share. This increase will apply to the dividends payable monthly starting on October 8, 2025, to shareholders of record of the Corporation at the close of business on September 29, 2025. Announcement • Aug 23
Savaria Corporation announces Monthly dividend, payable on September 09, 2025 Savaria Corporation announced Monthly dividend of CAD 0.0450 per share payable on September 09, 2025, ex-date on August 29, 2025 and record date on August 29, 2025. Announcement • Jul 28
Savaria Corporation to Report Q2, 2025 Results on Aug 06, 2025 Savaria Corporation announced that they will report Q2, 2025 results After-Market on Aug 06, 2025 Announcement • Jul 23
Savaria Corporation Declares Monthly Dividend, Payable on August 11, 2025 Savaria Corporation declared dividend of 4.5 cents ($0.045) per common share, in accordance with its monthly dividend policy, payable on August 11, 2025, to shareholders of record of the Corporation at the close of business on July 31, 2025. This is an eligible dividend within the meaning of the Income Tax Act. Announcement • Jun 20
Savaria Corporation Announces Monthly Dividend, Payable on July 9, 2025 Savaria Corporation declared a dividend of 4.5 cents ($0.045) per common share, in accordance with its monthly dividend policy, payable on July 9, 2025, to shareholders of record of the Corporation at the close of business on June 30, 2025. Announcement • May 22
Savaria Corporation Announces Monthly Dividend, Payable on June 9, 2025 Savaria Corporation declared a dividend of 4.5 cents ($0.045) per common share, in accordance with its monthly dividend policy, payable on June 9, 2025, to shareholders of record of the Corporation at the close of business on May 30, 2025. Announcement • May 08
Savaria Corporation Provides Earnings Guidance for 2025 Savaria Corporation provided earnings guidance for 2025. Savaria’s fiscal 2025 forecast projects revenue of approximately $925 million, with an adjusted EBITDA margin between 17% and 20%. The company anticipates revenue growth of 5-8%, driven by volume and price increases, new product launches, and favorable foreign exchange effects across the Accessibility and Patient Care segments. Announcement • Apr 28
Savaria Corporation to Report Q1, 2025 Results on May 07, 2025 Savaria Corporation announced that they will report Q1, 2025 results After-Market on May 07, 2025 Announcement • Apr 23
Savaria Corporation announces Monthly dividend, payable on May 09, 2025 Savaria Corporation announced Monthly dividend of CAD 0.0450 per share payable on May 09, 2025, ex-date on April 30, 2025 and record date on April 30, 2025. Announcement • Mar 21
Savaria Corporation Declares Monthly Dividend, Payable on April 11, 2025 Savaria Corporation declared a dividend of 4.5 cents ($0.045) per common share, in accordance with its monthly dividend policy, payable on April 11, 2025, to shareholders of record of the Corporation at the close of business on March 31, 2025. Announcement • Feb 26
Savaria Corporation, Annual General Meeting, May 08, 2025 Savaria Corporation, Annual General Meeting, May 08, 2025. Location: quebec, montreal Canada Announcement • Feb 24
Savaria Corporation to Report Q4, 2024 Results on Mar 05, 2025 Savaria Corporation announced that they will report Q4, 2024 results After-Market on Mar 05, 2025 Announcement • Feb 20
Savaria Corporation Declares Monthly Dividend, Payable on March 10, 2025 Savaria Corporation declared a dividend of 4.5 cents ($0.045) per common share, in accordance with its monthly dividend policy, payable on March 10, 2025 to shareholders of record of the Corporation at the close of business on February 28, 2025. Announcement • Jan 23
Savaria Corporation Declares Monthly Dividend, Payable on February 10, 2025 Savaria Corporation declared a dividend of 4.5 cents ($0.045) per common share, in accordance with its monthly dividend policy, payable on February 10, 2025 to shareholders of record of the Corporation at the close of business on January 31, 2025. Announcement • Dec 20
Savaria Corporation Declares Monthly Dividend, Payable on January 10, 2025 Savaria Corporation declared a dividend of 4.5 cents ($0.045) per common share, in accordance with its monthly dividend policy, payable on January 10, 2025 to shareholders of record of the Corporation at the close of business on December 31, 2024. Announcement • Nov 21
Savaria Corporation Declares Monthly Dividend, Payable on December 9, 2024 Savaria Corporation declared a dividend of 4.5 cents ($0.045) per common share, in accordance with its monthly dividend policy, payable on December 9, 2024 to shareholders of record of the Corporation at the close of business on November 29, 2024. This is an eligible dividend within the meaning of the Income Tax Act. Recent Insider Transactions • Nov 13
Chief Transformation Officer recently bought €303k worth of stock On the 11th of November, Jean-Philippe De Montigny bought around 20k shares on-market at roughly €15.49 per share. This transaction amounted to 41% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €664k more in shares than they have sold in the last 12 months. Reported Earnings • Nov 08
Third quarter 2024 earnings released: EPS: CA$0.18 (vs CA$0.18 in 3Q 2023) Third quarter 2024 results: EPS: CA$0.18. Revenue: CA$213.6m (up 1.7% from 3Q 2023). Net income: CA$13.0m (up 8.1% from 3Q 2023). Profit margin: 6.1% (up from 5.7% in 3Q 2023). Revenue is forecast to grow 7.6% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Announcement • Oct 28
Savaria Corporation to Report Q3, 2024 Results on Nov 06, 2024 Savaria Corporation announced that they will report Q3, 2024 results After-Market on Nov 06, 2024 Declared Dividend • Oct 27
Dividend of CA$0.045 announced Shareholders will receive a dividend of CA$0.045. Ex-date: 31st October 2024 Payment date: 12th November 2024 Dividend yield will be 2.5%, which is lower than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (41% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 112% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Announcement • Oct 23
Savaria Corporation Declares Monthly Dividend, Payable on November 12, 2024 Savaria Corporation declared a dividend of 4.5 cents ($0.045) per common share, in accordance with its monthly dividend policy, payable on November 12, 2024, to shareholders of record of the Corporation at the close of business on October 31, 2024. This is an eligible dividend within the meaning of the Income Tax Act. Recent Insider Transactions • Sep 23
Independent Director recently sold €345k worth of stock On the 17th of September, Jean-Louis Chapdelaine sold around 25k shares on-market at roughly €13.79 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €1.4m more than they sold in the last 12 months. Declared Dividend • Sep 23
Dividend of CA$0.045 announced Shareholders will receive a dividend of CA$0.045. Ex-date: 27th September 2024 Payment date: 9th October 2024 Dividend yield will be 2.6%, which is about the same as the industry average. Sustainability & Growth Dividend is covered by both earnings (80% earnings payout ratio) and cash flows (39% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 114% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Recent Insider Transactions • Sep 16
Insider recently sold €276k worth of stock On the 13th of September, Sylvain Aubry sold around 20k shares on-market at roughly €13.78 per share. This transaction amounted to 81% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €4.1m more than they sold in the last 12 months. Announcement • Sep 12
Savaria Corporation Approves Monthly Dividend, Payable on October 9, 2024 Savaria Corporation announced that its Board of Directors has approved an increase to the Corporation's monthly dividend, raising it to 4.5 cents ($0.045) per common share. On an annual basis, this represents an increase of two cents ($0.02) or 3.85%, raising the dividend to 54 cents ($0.54) per common share. This increase will apply to the dividends payable monthly starting on October 9, 2024, to shareholders of record of the Corporation at the close of business on September 30, 2024. Announcement • Aug 23
Savaria Corporation Declares Monthly Dividend, Payable on September 6, 2024 Savaria Corporation declared a dividend of 4.33 cents ($0.0433) per common share, in accordance with its monthly dividend policy, payable on September 6, 2024, to shareholders of record of the Corporation at the close of business on August 30, 2024. This is an eligible dividend within the meaning of the Income Tax Act. Reported Earnings • Aug 09
Second quarter 2024 earnings released: EPS: CA$0.15 (vs CA$0.14 in 2Q 2023) Second quarter 2024 results: EPS: CA$0.15 (up from CA$0.14 in 2Q 2023). Revenue: CA$221.3m (up 12% from 2Q 2023). Net income: CA$11.0m (up 25% from 2Q 2023). Profit margin: 5.0% (up from 4.4% in 2Q 2023). Revenue is forecast to grow 7.2% p.a. on average during the next 3 years, compared to a 4.5% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 33% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Jul 29
Savaria Corporation to Report Q2, 2024 Results on Aug 07, 2024 Savaria Corporation announced that they will report Q2, 2024 results After-Market on Aug 07, 2024 Declared Dividend • Jul 29
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 31st July 2024 Payment date: 9th August 2024 Dividend yield will be 3.0%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 35% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Jul 22
Savaria Corporation Declares Monthly Dividend, Payable on August 9, 2024 Savaria Corporation declared a dividend of 4.33 cents ($0.0433) per common share, in accordance with its monthly dividend policy, payable on August 9, 2024, to shareholders of record of the Corporation at the close of business on July 31, 2024. Declared Dividend • Jun 27
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 28th June 2024 Payment date: 5th July 2024 Dividend yield will be 3.1%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 35% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • Jun 24
Savaria Corporation Declares Monthly Dividend, Payable on July 5, 2024 Savaria Corporation declared a dividend of 4.33 cents ($0.0433) per common share, in accordance with its monthly dividend policy, payable on July 5, 2024, to shareholders of record of the Corporation at the close of business on June 28, 2024. This is an eligible dividend within the meaning of the Income Tax Act. Announcement • Jun 06
Savaria Corporation Announces Appointment of Pernilla Lindén as New Board Member Savaria Corporation announced that Mrs. Pernilla Lindén is joining its Board of Directors effective as of the date hereof. Mrs. Lindén has over 30 years’ experience, progressing through various business and financial roles with public and private companies. She currently serves as CFO for Hexatronic Group, a network connectivity company based in Sweden. Her extensive experience working with multi-country, multi-currency entities spans decades and her past roles successfully supported many complex operational changes. Mrs. Lindén has a Bachelor of Science from University of Gothenburg. Declared Dividend • May 30
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 31st May 2024 Payment date: 7th June 2024 Dividend yield will be 3.2%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (82% earnings payout ratio) and cash flows (52% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 35% over the next year, which should provide support to the dividend and adequate earnings cover. Announcement • May 25
Savaria Corporation Declares Monthly Dividend, Payable on June 7, 2024 Savaria Corporation declared a dividend of 4.33 cents ($0.0433) per common share, in accordance with its monthly dividend policy, payable on June 7, 2024, to shareholders of record of the Corporation at the close of business on May 31, 2024. This is an eligible dividend within the meaning of the Income Tax Act. Recent Insider Transactions • May 15
Chief Transformation Officer recently bought €135k worth of stock On the 13th of May, Jean-Philippe De Montigny bought around 12k shares on-market at roughly €11.67 per share. This transaction amounted to 32% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €719k. Insiders have collectively bought €4.5m more in shares than they have sold in the last 12 months. Announcement • May 10
Savaria Corporation Provides Earnings Guidance for the Year 2025 Savaria Corporation provided earnings guidance for the year 2025. The company expects to deliver approximately $1.0 billion in revenue in 2025. Reported Earnings • May 10
First quarter 2024 earnings released: EPS: CA$0.16 (vs CA$0.094 in 1Q 2023) First quarter 2024 results: EPS: CA$0.16 (up from CA$0.094 in 1Q 2023). Revenue: CA$209.4m (down 1.0% from 1Q 2023). Net income: CA$11.0m (up 83% from 1Q 2023). Profit margin: 5.3% (up from 2.9% in 1Q 2023). The increase in margin was driven by lower expenses. Revenue is forecast to grow 7.5% p.a. on average during the next 3 years, compared to a 4.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 26% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. Announcement • Apr 24
Savaria Corporation Declares Monthly Dividend, Payable on May 10, 2024 Savaria Corporation declared a dividend of 4.33 cents ($0.0433) per common share, in accordance with its monthly dividend policy, payable on May 10, 2024, to shareholders of record of the Corporation at the close of business on April 30, 2024. This is an eligible dividend within the meaning of the Income Tax Act. Announcement • Apr 12
Savaria Corporation to Report Q1, 2024 Results on May 08, 2024 Savaria Corporation announced that they will report Q1, 2024 results on May 08, 2024 Declared Dividend • Mar 25
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 27th March 2024 Payment date: 10th April 2024 Dividend yield will be 3.3%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is not adequately covered by earnings (91% earnings payout ratio). However, it is covered by cash flows (62% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. The company's earnings per share (EPS) would need to grow by 1.1% to bring the payout ratio under control. EPS is expected to grow by 76% over the next 2 years, which is sufficient to bring the dividend into a sustainable range. Announcement • Mar 22
Savaria Corporation Declares Monthly Dividend, Payable on April 10, 2024 Savaria Corporation declared a dividend of 4.33 cents ($0.0433) per common share, in accordance with its monthly dividend policy, payable on April 10, 2024, to shareholders of record of the Corporation at the close of business on March 28, 2024. New Risk • Mar 11
New minor risk - Dividend sustainability The dividend is not well covered by earnings. Payout ratio: 91% Dividend yield: 3.2% This is considered a minor risk. Companies that pay out too much of their earnings are at risk of having to reduce or cut their dividend in future. If earnings growth slows or earnings fall, then there may not be enough earnings to maintain the same dividend. Or in extreme cases, companies may opt to dig into capital reserves or take on debt to maintain the dividend. However, this risk is mitigated by the fact the dividend is covered by cash flows. For dividend paying companies, any reduction in the dividend can significantly impact the share price. Currently, the following risks have been identified for the company: Minor Risks High level of debt (41% net debt to equity). Dividend is not well covered by earnings (91% payout ratio). Shareholders have been diluted in the past year (10.0% increase in shares outstanding). Recent Insider Transactions • Mar 11
Executive Chairman recently bought €719k worth of stock On the 8th of March, Marcel Bourassa bought around 65k shares on-market at roughly €11.06 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Marcel has been a buyer over the last 12 months, purchasing a net total of €2.8m worth in shares. Reported Earnings • Mar 08
Full year 2023 earnings released: EPS: CA$0.57 (vs CA$0.55 in FY 2022) Full year 2023 results: EPS: CA$0.57 (up from CA$0.55 in FY 2022). Revenue: CA$837.0m (up 6.1% from FY 2022). Net income: CA$37.8m (up 7.2% from FY 2022). Profit margin: 4.5% (in line with FY 2022). Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 3.3% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 17% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Announcement • Mar 07
Driverge Vehicle Innovations LLC completed the acquisition of Freedom Motors Inc. and Van-Action (2005) Inc. Driverge Vehicle Innovations LLC signed a sale and purchase agreement to acquire Freedom Motors Inc. and Van-Action (2005) Inc from Savaria Corporation (TSX:SIS) on December 22, 2023. The transaction is subjected to o customary closing conditions.Driverge Vehicle Innovations LLC completed the acquisition of Freedom Motors Inc. and Van-Action (2005) Inc from Savaria Corporation (TSX:SIS) on February 1, 2024. Announcement • Mar 02
Savaria Corporation, Annual General Meeting, May 09, 2024 Savaria Corporation, Annual General Meeting, May 09, 2024. Declared Dividend • Feb 22
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 28th February 2024 Payment date: 8th March 2024 Dividend yield will be 3.3%, which is higher than the industry average of 2.6%. Sustainability & Growth Dividend is covered by both earnings (88% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 53% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Feb 16
Savaria Corporation Declares Monthly Dividend, Payable on March 8, 2024 Savaria Corporation declared a dividend of 4.33 cents ($0.0433) per common share, in accordance with its monthly dividend policy, payable on March 8, 2024, to shareholders of record of the Corporation at the close of business on February 29, 2024. Recent Insider Transactions • Jan 31
Chief Transformation Officer recently bought €171k worth of stock On the 26th of January, Jean-Philippe De Montigny bought around 15k shares on-market at roughly €11.05 per share. This transaction amounted to 74% of their direct individual holding at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €711k. Insiders have collectively bought €3.7m more in shares than they have sold in the last 12 months. Buy Or Sell Opportunity • Jan 29
Now 21% undervalued Over the last 90 days, the stock has risen 31% to €10.80. The fair value is estimated to be €13.70, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 29% over the last 3 years. Earnings per share has grown by 8.2%. Revenue is forecast to grow by 5.6% in a year. Earnings are forecast to grow by 23% in the next year. Declared Dividend • Jan 29
Dividend of CA$0.043 announced Shareholders will receive a dividend of CA$0.043. Ex-date: 30th January 2024 Payment date: 9th February 2024 Dividend yield will be 3.4%, which is higher than the industry average of 2.7%. Sustainability & Growth Dividend is covered by both earnings (88% earnings payout ratio) and cash flows (58% cash payout ratio). The dividend has increased by an average of 21% per year over the past 10 years and has been stable with no material reductions to payments, indicating a long track record of dividend growth and stability. EPS is expected to grow by 53% over the next 2 years, which should provide support to the dividend and adequate earnings cover. Announcement • Jan 24
Savaria Corporation Declares Monthly Dividend, Payable on February 9, 2024 Savaria Corporation declared a dividend of 4.33 cents ($0.0433) per common share, in accordance with its monthly dividend policy, payable on February 9, 2024, to shareholders of record of the Corporation at the close of business on January 31, 2024. Recent Insider Transactions • Jan 21
Chief Transformation Officer recently bought €213k worth of stock On the 18th of January, Jean-Philippe De Montigny bought around 21k shares on-market at roughly €10.17 per share. This trade did not impact their existing holding. In the last 3 months, there was an even bigger purchase from another insider worth €711k. Insiders have collectively bought €3.5m more in shares than they have sold in the last 12 months. Announcement • Dec 20
Savaria Corporation Declares Monthly Dividend, Payable on January 12, 2024 Savaria Corporation declared a dividend of 4.33 cents ($0.0433) per common share, in accordance with its monthly dividend policy, payable on January 12, 2024, to shareholders of record of the Corporation at the close of business on December 29, 2023. Announcement • Dec 19
Savaria Appoints Jean-Philippe De Montigny as Chief Transformation Officer Savaria Corporation announces the appointment of Jean-Philippe De Montigny to the position of Chief Transformation Officer, effective January 15, 2024. Jean-Philippe will be responsible for Savaria One, a company-wide effort to maximize the integration and synergies of the Accessibility and Patient Care business segments across all global markets. Working closely with the business unit leaders, his role includes coaching, advising and steering the staff leading the strategic growth initiatives identified earlier this year. Prior to joining Savaria, Jean-Philippe was a partner at McKinsey & Company starting his career with them in 2004. He has extensive experience in creating successful growth acceleration strategies for manufacturing companies of similar sizes to Savaria. Known for his abilities to identify material efficiencies, mentor leaders and guide sustainable growth, Jean-Philippe also has significant global experience including European and Asian markets. He holds an MBA from INSEAD and a Bachelor of Commerce from HEC Montréal. Announcement • Dec 02
Savaria Corporation Announces CEO Changes, Effective from January 1, 2024 Savaria Corporation (Savaria) announced the appointment of Sbastien Bourassa to the position of Chief Executive Officer, while Marcel Bourassa will become Executive Chairman of the Board. Both changes are effective January 1, 2024. Sbastien Bourassa has truly grown up in the business learning technical operations, sales functions and overall business strategy. He has a proven track record of pioneering key manufacturing expansion sites including Savaria Huizhou (China) in 2007, and more recently leading the planning and opening of Savaria Mexico in 2022. Mr. Sbastien Bourassa is currently Chief Operating Officer of Savaria and prior to that he held the position of Vice President, Operations and Integration. Mr. Marcel Bourassa is currently President, CEO and Chairman of Savaria. He has held these positions since 2002 when Savaria became publicly traded on the Toronto Stock Exchange (TSX). Announcement • Dec 01
Savaria Corporation Announces Board Changes, Effective January 1, 2024 Savaria Corporation (Savaria) announced the appointment of Sbastien Bourassa to the position of President, while Marcel Bourassa will become Executive Chairman of the Board. Both changes are effective January 1st, 2024. Sbastien Bourassa has truly grown up in the business learning technical operations, sales functions and overallbusiness strategy. He has a proven track record of pioneering key manufacturing expansion sites includingSavaria Huizhou (China) in 2007, and more recently leading the planning and opening of Savaria Mexico in 2022.Mr. Sbastien Bourassa is currently Chief Operating Officer of Savaria and prior to that he held the position ofVice President, Operations and Integration. Mr. Marcel Bourassa is currently President, CEO and Chairman of Savaria. He has held these positions since2002 when Savaria became publicly traded on the Toronto Stock Exchange (TSX). Announcement • Nov 24
Savaria Corporation Declares Monthly Dividend, Payable on December 8, 2023 Savaria Corporation declared a dividend of 4.33 cents ($0.0433) per common share, in accordance with its monthly dividend policy, payable on December 8, 2023, to shareholders of record of the Corporation at the close of business on November 30, 2023. Recent Insider Transactions • Nov 06
President recently bought €711k worth of stock On the 3rd of November, Marcel Bourassa bought around 75k shares on-market at roughly €9.47 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. In the last 3 months, they made an even bigger purchase worth €1.4m. Despite this recent buy, Marcel has been a net seller over the last 12 months, reducing personal holdings by €14m. Announcement • Nov 03
Savaria Corporation to Report Q4, 2023 Results on Mar 06, 2024 Savaria Corporation announced that they will report Q4, 2023 results on Mar 06, 2024 Reported Earnings • Nov 03
Third quarter 2023 earnings released: EPS: CA$0.18 (vs CA$0.16 in 3Q 2022) Third quarter 2023 results: EPS: CA$0.18 (up from CA$0.16 in 3Q 2022). Revenue: CA$210.1m (up 4.3% from 3Q 2022). Net income: CA$12.1m (up 14% from 3Q 2022). Profit margin: 5.7% (up from 5.3% in 3Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.4% p.a. on average during the next 3 years, compared to a 3.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 4% per year, which means it is significantly lagging earnings. New Risk • Sep 25
New minor risk - Shareholder dilution The company's shareholders have been diluted in the past year. Increase in shares outstanding: 6.2% This is considered a minor risk. Shareholder dilution occurs when there is an increase in the number of shares on issue that is not proportionally distributed between all shareholders. Often due to the company raising equity capital or some options being converted into stock. All else being equal, if there are more shares outstanding then each existing share will be entitled to a lower proportion of the company's total earnings, thus reducing earnings per share (EPS). While dilution might not always result in lower EPS (like if the company is using the capital to fund an EPS accretive acquisition) in a lot cases it does, along with lower dividends per share and less voting power at shareholder meetings. Currently, the following risks have been identified for the company: Minor Risks High level of debt (73% net debt to equity). Dividend is not well covered by earnings (91% payout ratio). Share price has been volatile over the past 3 months (6.2% average weekly change). Shareholders have been diluted in the past year (6.2% increase in shares outstanding). Recent Insider Transactions • Sep 25
President recently bought €1.4m worth of stock On the 22nd of September, Marcel Bourassa bought around 138k shares on-market at roughly €10.11 per share. This transaction amounted to 1.1% of their direct individual holding at the time of the trade. This was the largest purchase by an insider in the last 3 months. Despite this recent buy, Marcel has been a net seller over the last 12 months, reducing personal holdings by €15m. Announcement • Sep 07
Savaria Corporation announced that it expects to receive $55.013 million in funding Savaria Corporation announced that it has entered into an agreement with a syndicate of underwriters led by National Bank Financial Inc. and co-led by Desjardins Securities Inc., Scotiabank and TD Securities Inc. under which the Underwriters have agreed to purchase, on a bought deal basis, 3,794,000 Common Shares from treasury at a purchase price of $14.50 per common share for gross proceeds of approximately $55,013,000 on September 6, 2023. The company has granted to the Underwriters an over-allotment option, exercisable in whole or in part on the same terms as the Offering, to purchase up to an additional 569,100 common shares at the issue price exercisable at any time before the expiry of 30 days following the closing of the offering, which, if exercised, would result in additional gross proceeds of up to $8,251,950. Announcement • Aug 25
Savaria Corporation Declares Monthly Dividend, Payable on September 8, 2023 Savaria Corporation declared a dividend of 4.33 cents ($0.0433) per common share, in accordance with its monthly dividend policy, payable on September 8, 2023, to shareholders of record of the Corporation at the close of business on August 31, 2023. This is an eligible dividend within the meaning of the Income Tax Act. Announcement • Aug 11
Savaria Corporation to Report Q3, 2023 Results on Nov 01, 2023 Savaria Corporation announced that they will report Q3, 2023 results on Nov 01, 2023 Announcement • Aug 10
Savaria Corporation Provides Revenue Guidance for 2023 Savaria Corporation provided revenue guidance for 2023. For the year, company is expecting revenue growth of approximately 8%-10%, when normalizing for the impact of the Norwegian auto division divestiture, with and adjusted EBITDA margin of approximately 16% in fiscal 2023. Reported Earnings • Aug 10
Second quarter 2023 earnings released: EPS: CA$0.14 (vs CA$0.13 in 2Q 2022) Second quarter 2023 results: EPS: CA$0.14 (up from CA$0.13 in 2Q 2022). Revenue: CA$198.4m (up 3.3% from 2Q 2022). Net income: CA$8.79m (up 8.2% from 2Q 2022). Profit margin: 4.4% (up from 4.2% in 2Q 2022). The increase in margin was driven by higher revenue. Revenue is forecast to grow 5.7% p.a. on average during the next 3 years, compared to a 3.6% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 1% per year but the company’s share price has increased by 7% per year, which means it is well ahead of earnings. Announcement • Aug 03
Savaria Corporation to Report Q2, 2023 Results on Aug 09, 2023 Savaria Corporation announced that they will report Q2, 2023 results After-Market on Aug 09, 2023 Announcement • Jul 22
Savaria Corporation Declares Monthly Dividend, Payable on August 11, 2023 Savaria Corporation declared a dividend of 4.33 cents ($0.0433) per common share, in accordance with its monthly dividend policy, payable on August 11, 2023, to shareholders of record of the Corporation at the close of business on July 31, 2023. This is an eligible dividend within the meaning of the Income Tax Act. Buying Opportunity • Jul 13
Now 23% undervalued Over the last 90 days, the stock is up 11%. The fair value is estimated to be €14.84, however this is not to be taken as a buy recommendation but rather should be used as a guide only. Revenue has grown by 33% over the last 3 years. Earnings per share has declined by 10%. Revenue is forecast to grow by 5.5% in a year. Earnings is forecast to grow by 17% in the next year. Announcement • Jun 23
Savaria Declares Monthly Dividend, Payable on July 7, 2023 Savaria Corporation declared a dividend of 4.33 cents ($0.0433) per common share, in accordance with its monthly dividend policy, payable on July 7, 2023, to shareholders of record of the Corporation at the close of business on June 30, 2023. Announcement • May 25
Savaria Corporation Declares Monthly Dividend, Payable on June 9, 2023 Savaria Corporation declared a dividend of 4.33 cents ($0.0433) per common share, in accordance with its monthly dividend policy, payable on June 9, 2023, to shareholders of record of the Corporation at the close of business on May 31, 2023. Announcement • May 17
Savaria Appoints Sebastien Bourassa as Chief Operating Officer Savaria has appointed Sébastien Bourassa to the position of chief operating officer effective May 15, 2023. In this newly created role, Mr. Sébastien Bourassa will lead the daily global operations of the corporation including its 17 facilities for manufacturing and distribution in North America, Europe, China and Mexico. He will focus on the continued optimization of manufacturing operations and procurement activities, two core initiatives for Savaria that enhance integration synergies from key acquisitions made by the corporation in recent years. He will oversee all business segments to help meet sales and profitability targets, as well as help ensure that strategic initiatives are communicated and implemented across all divisions of Savaria, promoting a teamwork culture. Mr. Sébastien Bourassa holds a BBA from HEC Montréal and an EMBA from Ivey Business School in Hong Kong. His previous role at Savaria was Vice President of Operations and Integration. Reported Earnings • May 12
First quarter 2023 earnings released: EPS: CA$0.094 (vs CA$0.083 in 1Q 2022) First quarter 2023 results: EPS: CA$0.094 (up from CA$0.083 in 1Q 2022). Revenue: CA$211.6m (up 15% from 1Q 2022). Net income: CA$6.04m (up 13% from 1Q 2022). Profit margin: 2.9% (in line with 1Q 2022). Revenue is forecast to grow 5.8% p.a. on average during the next 3 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 11% per year, which means it is well ahead of earnings. Announcement • May 12
Savaria Corporation Provides Earnings Guidance for the Year 2023 Savaria Corporation provided earnings guidance for the year 2023. Savaria is expecting revenue growth of approximately 8-10%. Reported Earnings • Mar 17
Full year 2022 earnings released: EPS: CA$0.55 (vs CA$0.19 in FY 2021) Full year 2022 results: EPS: CA$0.55 (up from CA$0.19 in FY 2021). Revenue: CA$789.1m (up 19% from FY 2021). Net income: CA$35.3m (up 206% from FY 2021). Profit margin: 4.5% (up from 1.7% in FY 2021). The increase in margin was driven by higher revenue. Revenue is forecast to grow 6.2% p.a. on average during the next 2 years, compared to a 4.4% growth forecast for the Machinery industry in Germany. Over the last 3 years on average, earnings per share has fallen by 19% per year but the company’s share price has increased by 24% per year, which means it is well ahead of earnings. Announcement • Feb 18
Savaria Corporation Declares Monthly Dividend on Common Share, Payable on March 10, 2023 Savaria Corporation declared dividend of 4.33 cents ($0.0433) per common share, in accordance with its monthly dividend policy, payable on March 10, 2023, to shareholders of record of the Corporation at the close of business on February 28, 2023. This is an eligible dividend within the meaning of the Income Tax Act. Announcement • Feb 14
Savaria Corporation Provides Revenue Guidance for Fiscal 2023 Savaria Corporation provided revenue guidance for fiscal 2023. For the period company expects,revenue growth of approximately 8-10%. 
