Subject: EARNINGS PROJECTIONS
Savaria Announces Quarter and Fiscal Year Ended December 31, 2016 Results Release Date
LAVAL, QUEBEC--(Marketwired - Feb. 23, 2017) - Savaria Corporation ("Savaria") (TSX:SIS), one of North America's leaders in the accessibility industry, will release its fourth quarter and fiscal year ended December 31, 2016 results after market hours on March 6, 2017.
Savaria Corporation (savaria.com) is one of North America's leaders in the accessibility industry. It provides accessibility solutions for the elderly and physically challenged to increase their mobility and independence. The diversity of its product line is one of the most comprehensive on the market. Savaria designs, manufactures, distributes and installs accessibility equipment, such as stairlifts for straight and curved stairs, vertical and inclined wheelchair lifts, as well as elevators for home and commercial use. In addition, it converts and adapts vehicles to be wheelchair accessible. It also operates a network of franchisees and corporate stores through which new and recycled accessibility equipment is sold and, in certain locations, vehicle conversions are performed. Savaria operates a plant located in Huizhou (China) which increases its competitive edge. Savaria records close to 60% of its revenue outside Canada, primarily in the United States. It operates a sales network of some 400 retailers and affiliates in North America and employs some 510 people. Its principal places of business are located in Laval (Quebec), Brampton (Ontario) and Huizhou (China).
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