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 reports developments for a European frozen-food business built around branded products sold through grocery retail channels. Its portfolio includes Birds Eye, Findus, iglo, Ledo and Frikom, with frozen categories that include fish, vegetables, poultry, ice cream and ready meals across Western European markets.
Recurring news includes quarterly and annual financial results, organic revenue trends, volume and price/mix performance, margins, Adjusted EBITDA, Adjusted EPS, guidance, productivity programs and cash generation. Company updates also cover quarterly cash dividends, share repurchases, annual report availability, capital actions and organizational changes tied to its operating performance.
Nomad Foods Limited (NYSE: NOMD) has announced an agreement to acquire Findus Switzerland from Froneri International Ltd. and certain intellectual property from Nestlé for about €110 million. This strategic acquisition aims to enhance Nomad Foods' market presence in Switzerland, a new market for the company, while unifying the ownership of the Findus brand across Europe. The deal is expected to provide commercial synergies and be immediately accretive to adjusted earnings per share. Funding will be sourced from cash on hand, with completion anticipated in early 2021.
Nomad Foods reported strong financial results for Q3 2020, with revenue increasing by 6.7% to €576 million and organic growth of 5.4%. Adjusted EBITDA rose 13% to €109 million, while adjusted EPS climbed 20% to €0.30. The company attributed this growth to elevated consumer demand for frozen foods during the pandemic. Year-to-date capital returned to shareholders approached €600 million, supporting financial flexibility for future initiatives. The company reiterated its 2020 Adjusted EBITDA guidance of over €460 million and expects continued organic revenue growth.
Nomad Foods Limited (NYSE: NOMD) announced it will host a virtual Investor Day on November 10, 2020, starting at 8:00 AM EST and concluding by 10:30 AM EST. Interested participants can register and join the event live at https://2020.nomadfoods.live. A replay will be available on the company's website afterwards at www.nomadfoods.com. Nomad Foods is Europe’s leading frozen foods company, offering iconic brands like Birds Eye and Findus.
Nomad Foods Limited (NYSE: NOMD) will report its third-quarter results for the period ending September 30, 2020, on November 5, 2020, prior to market opening. A conference call is set for 8:30 AM Eastern Daylight Time on the same day to discuss the results, with a presentation available on their website. North American participants can join by calling +1-855-327-6837, while international listeners can dial +1-631-891-4304. A replay will be accessible for two weeks post-event.
Nomad Foods is a leading frozen foods company in Europe, known for brands like Birds Eye and Findus.