Savaria Projects 40% Revenue Growth

Have you checked out Savaria (TSX: SIS) lately? Savaria, a Quebec based manufacturer of personal mobility equipment, has had a fantastic few years which saw their stock price roughly triple from early 2016 to CDN$16.96 per share today. So is the growth over? Absolutely not! In November 2017, SIS announced that they expect 2018 revenue to grow by 40% over 2017, this will drive EBITDA to between CDN$42 to $44 million. With aging demographics as a long term tail wind, this little gem should be able to continue to growth their FCF and dividend over time. I’ve tucked this one away in my portfolio and love collecting the nice monthly divy, which currently is yielding 1.65%. Buy and hold!

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