Savaria (TSE:SIS) has released an update.
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Savaria Corporation has reported a robust second quarter for 2024, with an impressive 11.6% increase in revenue to $221.3M, driven by organic growth and favorable foreign exchange impacts. The company’s gross profit rose by 23.6%, and its operating income surged by 39.3%, reflecting strong financial performance. Moreover, the acquisition of Matot’s assets bolsters Savaria’s position in the market for commercial and industrial lifts.
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