Nomad Foods Ltd Stock Price, News & Analysis

Nomad Foods is urging the food industry in Europe to adopt a comprehensive end-to-end Life Cycle Assessment (LCA) to better evaluate the environmental impact of food products. The company emphasizes the importance of understanding food waste and its contribution to carbon emissions in the product life cycle. A recent study conducted on 22 of its popular frozen food products revealed that retail and consumer waste contributes to over 160 million tonnes of food waste and 17.25 million tonnes of CO2 emissions in the EU and UK. The study indicates that many frozen food items have lower carbon footprints compared to non-frozen alternatives.

Nomad Foods, a leader in Europe’s frozen food sector, is urging the food industry and regulators to adopt a comprehensive approach to Life Cycle Assessment (LCA) studies. This approach emphasizes food loss and waste impacts to enhance consumer transparency and drive carbon emission reductions. A recent LCA study involving 22 popular frozen products revealed that most had an equal or lower carbon footprint compared to non-frozen alternatives. The study, conducted in collaboration with PRé Sustainability, aims to encourage better environmental practices in food production.

Nomad Foods (NYSE: NOMD) will report its first-quarter results for the period ending March 31, 2022, before the market opens on May 11, 2022. A conference call is scheduled for 8:30 AM EDT on the same day, allowing participants to discuss the results with executive management. North American listeners can join the call by dialing +1-855-327-6837, while international participants can call +1-631-891-4304. The call will also be webcast, with a replay available for two weeks on the Nomad Foods website.

Nomad Foods Limited (NYSE: NOMD) announced that its Annual Report on Form 20-F, including audited financial statements for the fiscal year ending December 31, 2021, has been filed with the U.S. Securities and Exchange Commission on March 3, 2022. Shareholders can access the report via the company's website or the SEC's platform. The company, recognized as Europe's leading frozen food company, boasts a diverse portfolio, including well-known brands such as Birds Eye and Findus. Hard copies of the Annual Report are available upon request.

Nomad Foods reported a 15% increase in full year Adjusted EPS to €1.55, achieving record annual revenue for the fifth consecutive year. For 2021, total revenue grew 3.6% to €2,607 million, although organic revenue declined by 2.1%. The fourth quarter saw revenue rise 7.0% to €704 million, but organic revenue fell 4.5%. Key challenges include a 10% drop in adjusted gross profit in Q4 and 500 basis points decline in gross margin. Looking ahead, management projects double-digit growth in Adjusted EPS for 2022, estimating a range of €1.71 to €1.75.

Nomad Foods Limited (NYSE: NOMD) will report its fourth quarter and full year results on February 24, 2022, before the NYSE market opens. A conference call will take place at 8:30 AM EST featuring the executive management team to discuss the results. North American listeners can dial +1-877-451-6152 to participate. Additionally, CEO Stefan Descheemaeker and CFO Samy Zekhout will present at the 2022 CAGNY Virtual Conference the same day at 1:50 PM EST, with a video available on the Nomad Foods website.

Nomad Foods (NYSE: NOMD) reported Q3 2021 results, showcasing a 4% revenue increase to €599 million, but recorded a 1.4% organic revenue decline. The profit for the period was €52 million, and Adjusted EBITDA rose 4% to €113 million. Adjusted EPS increased by 17% to €0.35, indicating resilience amid industry challenges. Management reiterated an Adjusted EPS guidance of €1.50 to €1.55 for 2021. The company is focused on sustainable growth, supported by successful acquisitions and a solid balance sheet.

Nomad Foods (NYSE: NOMD) has announced it will report third-quarter 2021 results before the market opens on November 4, 2021. A conference call with executive management will follow at 8:30 AM EDT on the same day. Investors can access a live audio webcast and presentation on the company's website, with a replay available for two weeks post-event. Nomad Foods is Europe's leading frozen food company, recognized for brands like Birds Eye and Findus. More information is available at www.nomadfoods.com.