Brief: Savaria Announces Results For The First Quarter Of 2019

Savaria

11/04/2019 12:51

April 11 (Reuters) - Savaria Corp  SIS.TO :
    * SAVARIA ANNOUNCES THAT CEO MARCEL BOURASSA HAS COMMITTED
TO
PURCHASE AN ADDITIONAL $4M IN ITS BOUGHT DEAL PRIVATE PLACEMENT
AND PROVIDES PRELIMINARY RESULTS FOR THE FIRST QUARTER OF 2019
    * SEES Q1 REVENUE ABOUT C$84 MILLION
    * SEES FY 2019 REVENUE C$385 MILLION TO C$400 MILLION
    * EXPECTS Q1 REVENUE TO BE APPROXIMATELY $84 MILLION
    * REAFFIRMING ITS FULL FISCAL YEAR 2019 FORECAST
    * TO SELL 5 MILLION COMMON SHARES AT A PRICE OF $14.15 PER
SHARE
    * Q1 REVENUE VIEW C$91.1 MILLION -- REFINITIV IBES DATA
    * FY2019 REVENUE VIEW C$394.5 MILLION -- REFINITIV IBES DATA
    * CEO MARCEL BOURASSA HAS FURTHER COMMITTED TO SUBSCRIBE FOR
UP TO
AN ADDITIONAL 283,000 SHARES

Source text for Eikon:  ID:nGNX4s9j6t 
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