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 (NYSE: NOMD) has secured its position in the Dow Jones Sustainability Europe Index for the fourth consecutive year, scoring 58 out of 100. The company achieved a perfect score of 100 in Health & Nutrition for the sixth straight year, maintaining its leadership in sustainable food production.
The European frozen food leader demonstrated improved performance in multiple areas including Climate Strategy, Energy, Environmental Policy & Management, and Supply Chain Management. Notable achievements include 93.9% of 2023 net sales coming from healthier meal choices and a 34.9% reduction in absolute emissions, surpassing their 2025 target of 25%.
The company has also pioneered sustainability initiatives by becoming the first manufacturer to join the Move to -15°C in 2024, a global coalition focused on reducing carbon emissions in frozen food supply chains.
Nomad Foods (NYSE: NOMD) has announced its participation in the Morgan Stanley Global Consumer and Retail Conference in New York City. CEO Stéfan Descheemaeker and CFO Ruben Baldew will engage in a fireside chat on December 3, 2024, at 3:45 PM Eastern time. The event will feature a live audio webcast accessible through Nomad Foods' website, with an archive available afterward at www.nomadfoods.com.
Nomad Foods (NYSE: NOMD) reported Q3 2024 financial results with revenue growth of 0.8% to €770 million and organic revenue growth of 0.3%. The company achieved volume growth of 0.7% despite ERP disruption headwinds. Adjusted EBITDA increased 19.0% to €166 million, while Adjusted EPS grew 28% to €0.55. Gross margin reached a record high of 32.3%. Due to ERP implementation challenges, the company reduced its full-year 2024 guidance, now expecting organic revenue growth of 1-2% (down from 3-4%), Adjusted EBITDA growth of 3-5%, and Adjusted EPS of €1.72-€1.77.
Nomad Foods (NYSE: NOMD) has scheduled its Third Quarter 2024 financial results announcement for Thursday, November 14, 2024, before NYSE market open. The company will host a conference call at 8:30 AM EDT featuring executive management discussion. North American participants can dial +1-866-250-8117, while international callers can use +1-412-317-6011. The presentation and webcast will be available on the company's website. A two-week replay will be accessible via phone using pin 10192559.
Nomad Foods (NYSE: NOMD), Europe's leading frozen food company, has announced a quarterly cash dividend of $0.15 per share on its ordinary shares. The dividend will be paid on November 26, 2024 to shareholders of record as of November 8, 2024. The company operates through well-known brands including Birds Eye, Findus, iglo, Ledo and Frikom, which provide convenient, high-quality, and nutritious frozen food products to European consumers.
Nomad Foods (NYSE: NOMD) has announced its participation in the upcoming Barclays Global Consumer Staples Conference in Boston, MA. The company's CEO Stéfan Descheemaeker and CFO Ruben Baldew are scheduled to present on Tuesday, September 3, 2024, at 3:00 p.m. ET.
Investors and interested parties can access a live audio webcast of the presentation through Nomad Foods' official website at www.nomadfoods.com. An archive of the webcast will also be available on the same website following the event, allowing those unable to attend live to catch up on the presentation at their convenience.
Nomad Foods (NYSE: NOMD) reported its Q2 2024 financial results, highlighting a 1.1% revenue increase to €753 million and an adjusted EPS of €0.44. Organic revenue grew by 0.5%, driven by a 1.6% increase in volume, offset by a 1.1% price/mix decline. Adjusted EBITDA rose by 5.3% to €139 million. For the first six months of 2024, revenue increased by 1.1% to €1,537 million, with a 0.4% organic growth. However, adjusted EBITDA decreased by 6.1% to €262 million. The company reiterates its 2024 guidance of 3%-4% revenue growth, 4%-6% adjusted EBITDA growth, and adjusted EPS of €1.75-€1.80.
CEO Stéfan Descheemaeker expressed confidence in achieving profitable volume growth in H2 2024, driven by high-margin products and productivity initiatives. Co-Founder Noam Gottesman noted the shift from protecting profitability to driving growth amid improving European consumer backdrop. Key financial metrics include a 10.8% increase in gross profit to €233 million and an adjusted operating expense rise of 15.4% due to increased investments.
Nomad Foods (NYSE: NOMD), Europe's leading frozen food company, has declared a quarterly cash dividend of $0.15 per share on its outstanding ordinary shares. The dividend is set to be paid on August 26, 2024, to shareholders of record as of the close of business on August 10, 2024.
Nomad Foods, headquartered in the United Kingdom, owns a portfolio of iconic frozen food brands including Birds Eye, Findus, iglo, Ledo, and Frikom. These brands have been long-standing favorites among consumers, known for their convenience, high quality, and nutritional value.
Nomad Foods (NYSE: NOMD) has announced it will report its second quarter 2024 financial results on Wednesday, August 7, 2024, before the New York Stock Exchange market opens. The company will host a conference call at 8:30 AM Eastern Daylight Time on the same day to discuss the results with additional comments and details.
Investors can participate in the live call by dialing +1-877-451-6152 (North America) or +1-201-389-0879 (international). A presentation accompanying the conference call and a webcast will be available on the Nomad Foods website under Investor Relations. A replay of the call will be accessible for two weeks following the event.
Nomad Foods (NYSE: NOMD) has appointed Ruben Baldew as Chief Financial Officer, effective June 17, 2024, pending work authorizations. Baldew replaces Samy Zekhout, who will remain until July 31, 2024, to facilitate a smooth transition. Baldew brings over 20 years of global consumer products experience, including a successful tenure as CFO of Accell Group. Baldew's prior roles at Unilever spanned various international finance positions.
CEO Stefan Descheemaeker expressed confidence in Baldew's dynamic leadership and thanked Zekhout for his significant contributions, highlighting Nomad Foods' consistent growth in organic revenue, EBITDA, and EPS during Zekhout's tenure. Co-Chairman Noam Gottesman praised Zekhout's impact on shareholder value and welcomed Baldew's strategic expertise.