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Press Release • Osavaria . FOR IMMEDIATE RELEASE Savaria Presents 2021 Q2 Results : Revenue up 111 % , Adjusted EBITDA up 89 % Laval , Québec , Canada , August 11 , 2021 – Savaria Corporation ( " Savaria " ) ( TSX : SIS ) , a global leader in the accessibility industry , is pleased to announce its results for the second quarter ended June 30 , 2021 . Highlights - Q2 2021 vs Q2 2020 Revenue was $ 178.6M , up $ 94M or 111 % , mainly due to the acquisition of Handicare ; ⚫ Gross profit was $ 65.2M , up $ 36M or 122.9 % , representing 36.5 % of revenue compared to 34.6 % in Q2 2020 ; • Adjusted EBITDA was $ 27.4M , up $ 12.9M or 89.3 % ; . • Adjusted EBITDA margin stood at 15.3 % , compared to 17.1 % in Q2 2020 ; Net earnings were $ 6.6M or $ 0.10 per share on a diluted basis . Adjusted net earnings were $ 9.5M or $ 0.15 per share on a diluted basis , up $ 3.2M or 51.7 % ; • Funds available in excess of $ 125 million to support working capital , investments and growth opportunities ; • Savaria now holds 100 % of the shares of Handicare . Q2 YTD in thousands of dollars , except per - share amounts and percentages Revenue Gross profit % of revenue 2021 2020 Change 2021 2020 Change $ 178,621 $ 84,668 $ 65,227 $ 29,269 111.0 % 122.9 % $ 290,696 $ 173,087 $ 104,167 $ 59,411 67.9 % 75.3 % 36.5 % 34.6 % n / a 35.8 % 34.3 % n / a Net earnings $ 6,590 $ 6,107 7.9 % $ 12,216 $ 11,622 5.1 % % of revenue 3.7 % 7.2 % n / a 4.2 % 6.7 % n / a Diluted net earnings per share $ 0.10 $ 0.12 ( 16.7 ) % $ 0.20 $ 0.23 ( 13.0 ) % Adjusted net earnings¹ $ 9,492 $ 6,257 51.7 % $ 17,426 $ 13,437 29.7 % % of revenue 5.3 % 7.4 % n / a 6.0 % 7.8 % n / a Diluted adjusted net earnings $ 0.15 $ 0.12 25.0 % $ 0.29 $ 0.26 11.5 % per share¹ Adjusted EBITDA¹ $ 27,394 $ 14,470 89.3 % $ 44,687 $ 26,827 66.6 % % of revenue 15.3 % 17.1 % n / a 15.4 % 15.5 % n / a 1 Non - IFRS measures are described in section 3 of the MD & A A Word from the President " The second quarter was important for Savaria as it benefited from the first full quarter of Handicare . I feel enthusiastic about the progress of our integration efforts . Revenue met our expectations at $ 179 million , with a gross profit margin of 36.5 % , exceeding the gross profit margin of 34.6 % excluding Handicare in the same period last year . Our combined adjusted EBITDA was $ 27.4 million , or a margin of 15.3 % . The accessibility segment - representing 85 % of total adjusted EBITDA and 73 % of total revenue - reached an adjusted EBITDA margin of 17.9 % . We have in excess of $ 125 million in funds available to invest in a marketing push for cross - selling opportunities , to expand into new markets , to purchase new equipment to accelerate robotics in our production and to make strategic tuck - in acquisitions . PRESS RELEASE AUGUST 11 , 2021 PAGE 1 OF 5