Q: Could you comment on the Q2, also do you feel the growth rate of Savaria is enough for share holders... is growth enough to drive share price higher?
5i Research Answer:
Revenues of $226 mln were just shy of estimates at $228 mln but full year revenue expectations of $925 mln were ahead of expectations. EBITDA of $46 mln beat expectations of $44 mln as did EPS at $0.29 vs $0.21. Most of the revenue growth was from currency tailwinds this quarter. Overall, it looked like a good quarter to us with not much to pick on.