NFI announces revenue fall in Q3 2021 results
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By Bradley Osborne - 8th November 2021
USA – The NFI Group, a bus and coach manufacturer and owner of several brands including Alexander Dennis Ltd, New Flyer Industries Canada ULC, Motor Coach Industries, and ARBOC Specialty Vehicles, announced financial results for the third quarter of 2021. The company reported sales of USD492m, a fall of 26% compared with the same period of the previous year (USD663.9m).
The company’s adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) amount to USD31m, a 11% decrease on the previous year (USD60.9m).
