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Nomad Foods Ltd (NOMD), a leader in Europe's frozen food sector, provides this centralized hub for all official company announcements and market updates. Access timely press releases covering financial results, product innovations, and strategic initiatives from the trusted source behind iconic frozen food brands.
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All content originates from official Nomad Foods communications, ensuring accuracy for those analyzing the packaged foods sector. Regular updates include quarterly financial disclosures, leadership announcements, and product line expansions within the frozen meals category.
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Nomad Foods Limited (NYSE: NOMD) reported a strong Q3 2022, achieving revenue growth of 26.7% to €760 million, driven by a 7.2% organic growth and acquisitions. Adjusted EPS increased 48.6% year-on-year to €0.52. Adjusted EBITDA rose 35.3% to €153 million. The company reaffirmed its full-year Adjusted EPS guidance of €1.65 to €1.71, indicating confidence in sustained growth and profitability. Debt refinancing positions the company for favorable long-term financing, with 75% of debt fixed until 2027.
On November 8, 2022, Nomad Foods announced the pricing of two term loans: a USD 700 million loan with a SOFR rate plus 3.75%, and a EUR 130 million loan with EURIBOR plus 3.5%, both due in 2029. The company will utilize the proceeds to repay an existing USD 960 million term loan maturing in 2024 and for general corporate expenses. Closing of the loans is expected on November 10, 2022, contingent upon standard conditions. Nomad Foods is a leading frozen food company in Europe, known for its brands like Birds Eye and Findus.
Nomad Foods announced a refinancing initiative to replace its USD 960 million Term Loan B due in mid-2024 with a new USD 825 million seven-year term loan. The refinancing aims to cover the existing loan and will include meetings with lenders anticipated soon. However, the company has cautioned that there are no guarantees regarding the refinancing's completion or terms. This information is not an offer to sell or solicit securities.
Nomad Foods is a leading European frozen food company.
Nomad Foods Limited (NYSE: NOMD) reported a strong performance for Q3 2022, with revenue rising by 26.7% to €760 million and organic revenue growth of 7.2%. The gross margin improved by 110 basis points to 29.1%, and Adjusted EBITDA surged 35.3% to €153 million. The company maintained its Adjusted EPS guidance at €1.65 - €1.71 for the full year, indicating positive growth potential. With double-digit price increases implemented to counteract rising costs, Nomad Foods positions itself for sustained growth into 2023.
Nomad Foods (NYSE: NOMD) will release its third quarter 2022 results on November 9, 2022, before the NYSE market opens. A conference call with the executive management team is planned for 8:30 AM EDT the same day.
Listeners can join the call via North American dial-in at +1-844-826-3033 or international dial-in at +1-412-317-5185. The event will also be webcast on the Nomad Foods website, with a replay available for two weeks post-event.
Nomad Foods Limited (NYSE: NOMD) will participate in a fireside chat at the Barclays Global Consumer Staples Conference on September 7, 2022, at 11:15 a.m. ET in Boston, MA. Key executives attending include Stefan Descheemaeker, Samy Zekhout, and Anthony Bucalo. An audio webcast will be accessible through Nomad Foods' website. Nomad Foods is Europe's leading frozen food company, known for brands like Birds Eye and Findus.
Nomad Foods (NOMD) reported a 17.0% increase in revenue, reaching €697 million for Q2 2022, although organic revenue declined by 3.2%. The company adjusted its full-year EPS guidance to €1.65 - €1.71 from €1.71 - €1.75 due to economic challenges, including the ongoing war in Ukraine. Reported profit for the period was €75 million with an unchanged adjusted EPS of €0.40. Despite these challenges, the management remains optimistic about long-term growth, aiming for a target of €2.30 EPS by 2025.
Nomad Foods Limited (NYSE: NOMD) is set to report its second-quarter results for the period ending June 30, 2022, before the market opens on August 10, 2022. A conference call with the executive management team will begin at 8:30 AM EDT on the same day, where they will discuss the results in detail. North American listeners can dial +1-877-300-8521, while international participants can call +1-412-317-6026. The call will also be available via webcast on the company’s website, with a replay accessible for two weeks.
Nomad Foods Limited (NYSE: NOMD) will participate in a fireside chat at the 19th Annual dbAccess Global Consumer Conference in Paris on June 15, 2022, at 10:45 a.m. ET. CEO Stefan Descheemaeker and CFO Samy Zekhout will lead the discussion. The event will be webcasted live on the company’s website, enhancing accessibility for investors and stakeholders. Nomad Foods is Europe's leading frozen food company, boasting iconic brands like Birds Eye and Findus, known for their convenient and nutritious offerings.
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