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NFI reports USD162m loss in 2022

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By Bradley Osborne - 31st March 2023

Canada – NFI Group Inc, a parent of several bus and coach brands¹ based in Winnipeg, Manitoba, announced sales revenues of just under USD2.1bn in 2022, a year-on-year decrease of 12% compared to revenues of USD2.3bn.

NFI’s income went into the red in 2022, with adjusted earnings before interest, taxes, depreciation and amortisation (EBITDA) tumbling from USD164m the year before to minus USD59m. The group’s adjusted net loss amounted to USD162m.

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