NFI announces slight fall in revenues in 2021 results
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By Bradley Osborne - 7th April 2022
Canada – The NFI Group of Winnipeg, Manitoba, a parent of several bus and coach brands including New Flyer, Alexander Dennis, MCI and Arboc, has reported revenues for the full year in 2021 totalled USD2.3bn, a 3% decrease on the year before (USD2.4bn), and adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) of USD164m (2020: USD157.7m).
In the fourth quarter of 2021, NFI recorded revenues of USD695m, a 2% drop on sales of USD712m achieved in the same period of 2020. Its adjusted EBITDA for Q4 2021 was USD26m (Q4/2020: USD65m).
