Welcome to our dedicated page for Nomad Foods news (Ticker: NOMD), a resource for investors and traders seeking the latest updates and insights on Nomad Foods stock.
Nomad Foods Limited (NYSE: NOMD) is Europe’s leading frozen food company, focused on branded frozen products such as fish, vegetables, poultry, ice cream and ready meals like pizza. The NOMD news feed on Stock Titan aggregates company announcements, press releases and market updates so investors can follow developments affecting this frozen specialty food manufacturer.
News about Nomad Foods frequently centers on its quarterly and interim financial results, where the company reports revenue trends, organic revenue growth or decline, margin performance and non-IFRS measures such as Adjusted EBITDA, Adjusted Profit and Adjusted EPS. These updates often include management commentary on factors influencing performance, including supply chain inflation, weather-related category pressure in Western Europe and changes in retailer merchandising strategies.
Investors can also track capital allocation and financing news, including announcements of quarterly cash dividends on NOMD ordinary shares and details of senior secured term loan refinancings and extensions of the company’s revolving cash facility. Such items provide insight into Nomad Foods’ approach to its balance sheet, debt maturities and cash flow deployment.
Another important category of news involves strategic and operational updates. The company has communicated multi-year efficiency programs aimed at generating operational savings, new medium-term financial targets, and updates on commercial plans such as marketing campaigns for its Birds Eye brand and innovation and renovation initiatives across its frozen portfolio. Governance and leadership items, including director appointments and CEO succession plans, are also disclosed through press releases and Form 6-K filings.
By following the NOMD news page, readers can review a continuous stream of official company communications, from earnings releases and guidance changes to dividend declarations, financing transactions and leadership announcements, all in one place.
Nomad Foods announces that its subsidiary, Nomad Foods BondCo Plc, has priced a private offering of €50 million in additional 2.50% senior secured notes due 2028. This offering is a tack-on to a previously issued €750 million in senior secured notes. The Additional Notes will be guaranteed by the Company and some subsidiaries, and they are expected to trade on the Euro MTF market in Luxembourg. The expected closing date is July 9, 2021, but completion is subject to market conditions. The offering does not constitute an offer to sell in the U.S.
Nomad Foods Limited has announced the pricing of €750 million in senior secured notes due 2028, with an interest rate of 2.500%. The proceeds will refinance existing debt and support the acquisition of Fortenova Group's Frozen Food Business. The company is also refinancing a €553 million senior secured term loan and upsizing its revolving credit facility to €175 million. The Refinancing is set to close on June 24, 2021, pending customary conditions. The Notes will be senior secured obligations guaranteed by Nomad Foods and its subsidiaries.
Nomad Foods Limited has announced an offering of €750 million in senior secured notes due 2028, subject to market conditions. The proceeds will refinance existing loans and support the acquisition of Fortenova Group's Frozen Food Business. The notes will be guaranteed by Nomad Foods and its subsidiaries. The company plans to redeem existing notes due in 2024 after successful completion of this offering. Completion of the refinancing is not assured, and further guidelines on the issuance are provided.
Nomad Foods Limited (NYSE: NOMD) plans to refinance its existing €553 million senior secured term loan with a new 7-year facility and increase its revolving cash flow facility to €175 million for 5 years. Additionally, the company is considering up to €750 million in new senior secured financing, potentially to repay €400 million in senior secured notes due 2024, fund the acquisition of Fortenova Group’s Frozen Food Business Group, and cover transaction expenses. Post-transaction, Nomad expects a leverage ratio of approximately 3.7x.
Nomad Foods Limited (NYSE: NOMD) announced that CEO Stefan Descheemaeker and CFO Samy Zekhout will participate in a fireside chat at the 18th Annual dbAccess Global Consumer Virtual Conference on June 9, 2021, at 7:00 a.m. ET. The session will cover insights into the frozen food market and the company's strategies. A webcast of the discussion will be available on Nomad Foods’ official website, allowing investors and analysts to gain valuable information about the company’s outlook in the consumer sector.
Nomad Foods reported Q1 2021 financial results, showing a 3.6% increase in revenue to €707 million and 1.8% organic growth. Adjusted EBITDA rose 15% to €138 million, with a 42% increase in adjusted EPS to €0.47. The company experienced 180 basis points margin expansion, benefiting from improved gross margins. Management reiterated 2021 guidance expecting revenue and adjusted EBITDA growth of 3-5% and adjusted EPS of €1.50 to €1.55. Future acquisitions may enhance market reach, with plans to integrate Findus Switzerland and close the Fortenova deal.
Nomad Foods Limited (NYSE: NOMD) has appointed Golnar Khosrowshahi and Melanie Stack to its Board of Directors, succeeding Jeremy Isaacs and Simon White, who will not stand for re-election on June 30, 2021. Co-Chairman Noam Gottesman expressed confidence that the new appointees will enhance leadership and support the company's long-term growth strategy. Khosrowshahi brings extensive experience from Reservoir Media Management, while Stack has over 30 years in management within consumer products, previously serving as President EMEA of Newell Home Fragrance Division.
Nomad Foods Limited (NYSE: NOMD) will report its first-quarter results for the period ending March 31, 2021, before the market opens on May 6, 2021. A conference call with the executive management team is scheduled for the same day at 8:30 AM EDT. North American listeners can join by calling +1-855-327-6838, while international listeners can call +1-604-235-2082. A replay of the call will be available for two weeks, and the call will also be webcast on Nomad Foods' Investor Relations page.
Nomad Foods is Europe’s leading frozen foods company, known for brands like Birds Eye and Findus.
Nomad Foods Limited (NYSE: NOMD) announced the availability of its Annual Report on Form 20-F, including audited financial statements for the fiscal year ended December 31, 2020. The report is accessible via the investor relations section on their website and also on the SEC's site. Shareholders can request a hard copy of the report free of charge by contacting Nomad Foods directly. Nomad Foods is recognized as Europe’s leading frozen foods company, boasting a portfolio of well-known brands like Birds Eye and Findus.
Nomad Foods announced the acquisition of Fortenova Group’s Frozen Food Business Group for approximately €615 million. This strategic move expands Nomad's presence into Central and Eastern European markets, including Croatia and Serbia, leveraging FFBG's leading brands, Ledo and Frikom, which hold #1 market share. The deal is expected to nearly double Nomad's revenue base to €3 billion, enhancing growth potential with projected annual revenue of €279 million from FFBG. Management anticipates high-single-digit accretion to Adjusted EPS in Year 1 and €15 million in annual run-rate synergies by 2024.