Savaria Plans a $1.6 Billion Target by 2030
Why It Matters
The plan positions Savaria to capture the booming aging‑in‑place market while delivering higher margins and earnings, making it an attractive growth play for investors.
Key Takeaways
- •Savaria targets $1.6 bn revenue by 2030, up from $900 m
- •Growth plan mixes 7‑8% organic and 4‑5% acquisitions annually
- •New “Luma” floor elevator aims to simplify retrofits and lower costs
- •US Greenville plant now produces 40% of home elevators, reducing tariff risk
- •Margin improvement from 15% to 20% supports $320 m profit target
Summary
At its investor‑day, Savaria unveiled a five‑year plan to lift revenue to $1.6 billion by 2030, up from $900 million in the most recent fiscal year.
The company will pursue roughly 12% annual growth—7‑8% from organic expansion of its home‑lift, patient‑care and design‑education initiatives, and 4‑5% from acquisitions. A $40 million “Savar One” transformation has already raised operating margins from 15% to 20% and introduced over 400 efficiency projects. New product launches such as the Luma floor‑mount elevator aim to simplify retrofits and broaden the addressable market.
CEO Sebastian Bura highlighted the demographic tailwind of an aging population and the shift toward aging‑in‑place, noting, “We need to educate architects and owners so elevators become as standard as air‑conditioning.” He also reassured investors that most HS codes are tariff‑exempt and that 40% of home elevators are now built in the Greenville, U.S., facility to further insulate the business from trade shocks.
If Savaria hits its targets, adjusted earnings per share would rise to $4.25 and net profit to $320 million, reinforcing its position as a global leader in accessibility solutions and offering investors a growth story backed by strong margins and a resilient supply chain.
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