CA - Savaria Corporation (SISXF) Q4 2023 Earnings Call Transcript
2024-03-07 13:34:12 ET
Savaria Corporation (SISXF)
Q4 2023 Earnings Conference Call
March 7, 2024, 8:30 AM ET
Company Participants
Marcel Bourassa - Chief Executive Officer
Steve Reitknecht - Chief Financial Officer
Sébastien Bourassa - Vice President, Operations and Integration
Nicolas Rimbert - Vice President, Corporate Development
Conference Call Participants
Derek Lessard - TD Cowen
Michael Doumet - Scotiabank
Frederic Tremblay - Desjardins Capital Markets
Justin Keywood - Stifel
Zachary Evershed - National Bank Financial
Fred Gatali - Raymond James
Presentation
Operator
Good morning. My name is Sarah, and I will be your conference operator today. At this time, I would like to welcome everyone to Savaria Corporation’s Q4 2023 Conference Call. All lines have been placed on mute to prevent any background noise. After the speaker’s remarks, there will be a question-and-answer session. [Operator Instructions]
This call may contain forward-looking statements which are subject to the disclosure statement contained in Savaria most recent press release issued on March 6, 2024, with respect to its Q4 2023 results.
Thank you. Mr. Bourassa, you may begin your conference.
Marcel Bourassa
Thank you, Sarah. It’s -- Merci vous. It’s a pleasure to be with you, my analysts and my guys up hear, Steve, Sébas, and Nicolas, who will take -- who will speak after me, okay. It was a good quarter, okay, a great year, but I think, we are in a very good mood, okay, to have, okay, this year and next year, okay.
We have some game-changers, okay, that you will see, okay. Our objective of 2025 is that I can speak, okay. Often, people say to me, okay, what I can speak and what I cannot speak, okay. But I think I can say, okay, that in 2025, okay, we have an objective, okay, of $1 billion sales with 20% EBITDA. And I tell you, okay, and you can be the maxi-arbiter than me, to reach, okay, the $1 billion sales, okay.
We will do that, okay. It’s not even so difficult. For sure, nothing is easy, okay. And we are global, okay, across the globe, okay, some have Europe. Actually, we have to say that is a bit weak, okay, but North America is very strong.
So we -- I can see right now that at the end of 2024, okay, we just make our forecast for 2025, because that would take some time to be at 2025, but we have a very strong North America, okay, strong at 2024, okay. And we can see that -- we -- at the end of 2023, we were an EBITDA 15.5% and we go to 20%, okay.
I can look, okay, with our forecast that we should be roughly maybe half of that, okay, in 2024 and the other half of that, okay, in 2025. I am very optimistic about the number that we put for 2025....
Savaria Corporation (SISXF) Q4 2023 Earnings Call Transcript