Brief: Savaria Says Not In A Position To Reaffirm Guidance For Fiscal 2020

Savaria

25/03/2020 21:31

March 25 (Reuters) - Savaria Corp  SIS.TO :
    * SAVARIA ANNOUNCES STRONG 2019 RESULTS: REVENUE UP 30.9%
AND
ADJUSTED EBITDA UP 37.9%
    * SAVARIA CORP - AS OF MARCH 25, 2020, NOT IN A POSITION TO
REAFFIRM GUIDANCE FOR FISCAL 2020
    * SAVARIA CORP - "Q1 RESULTS SEEM TO BE ALIGNING WITH OUR
EXPECTATIONS"
    * SAVARIA CORP - ANTICIPATE THAT SOME 2020 SALES MAY BE
DELAYED
WITH THE CURRENT RESTRICTIONS IN PLACE FOR NORTH AMERICA, EUROPE
AND AUSTRALIA
    * SAVARIA CORP - MAIN SUPPLY SYSTEM, CO'S FACTORY IN
HUIZHOU,
CHINA, WENT BACK INTO PRODUCTION FEBRUARY 19, 2020

Source text for Eikon:  ID:nGNX7Jl9hC 
Further company coverage:  SIS.TO 

 ((Reuters.Briefs@thomsonreuters.com;))