Mr. Marcel Bourassa reports

SAVARIA FORECAST 2016 RESULTS TO BE A RECORD YEAR

Savaria Corp. has released its forecasted results for 2016.

Outlook 2016:

• Revenue of $103-million;
• Earnings before interest, taxes, depreciation and amortization in the range of $15.8-million to $16.6-million.

A word from the president

"With the strong industry trends of the aging population and their needs for the products that we sell, we feel confident not only to meet our 2015 forecast, but also to break another record in 2016. The targeted revenue for 2016 of approximately $103-million represents a 12-per-cent growth over our expected revenue of $92-million for 2015. Also, we expect to achieve a 17- to 23-per-cent increase over our expected EBITDA of $13.5-million for 2015, which will produce an EBITDA in the range of $15.8-million to $16.6-million for 2016," declared Marcel Bourassa, president and chief executive officer of Savaria.

"What is more encouraging is that these results are based on existing operations and do not take into account potential acquisitions," concluded Mr. Bourassa.

We seek Safe Harbor.