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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 declared a quarterly cash dividend of $0.15 per share on its ordinary shares. The dividend will be paid on May 28, 2024, to shareholders of record on May 9, 2024. Nomad Foods is Europe's top frozen food company, with well-known brands like Birds Eye and Findus, known for quality and convenience.
Nomad Foods successfully repriced its existing USD denominated Term Loan, resulting in an annual cash savings of approximately USD 3.5 million. The margin on the Term Loan will be reduced by 50 basis points to SOFR + 250 basis points without changing the maturity. This move reflects lenders' confidence in Nomad Foods' operational performance and growth strategy, enhancing financial flexibility.
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