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Record year for New Flyer

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By Jim Gibbins - 1st June 2019

NFI Group Inc¹ (NFI) of Winnipeg, Manitoba, Canada in March reported record new vehicle deliveries of 4,313 EUs (equivalent units – an articulated unit is counted as two) in the year ending 2018, and up by 12.7% from 3,828 in 2017. This resulted in a record revenue of USD2.5bn, an increase of 5.8% from USD2.38bn in the prior year.

The adjusted EBITDA of USD315.4m was fractionally down by 0.8% on the previous year due to the negative impact of non-recurring items of USD8.7m. Net earnings of USD159.9m decreased by 16.5%.

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