Nomad Foods Ltd Stock Price, News & Analysis

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.

Nomad Foods has successfully acquired Fortenova Group’s frozen food business for approximately €615 million. This acquisition is anticipated to significantly contribute to revenue growth, with mid-single digit revenue growth expected in 2021. The company maintains its guidance for Adjusted EPS at €1.50 to €1.55, despite some seasonal losses from the acquired business. The integration is projected to lead to substantial synergies, enhancing profitability and market share in new European markets such as Croatia, Serbia, and Hungary.

Nomad Foods has entered a landmark collaboration with BlueNalu to explore the introduction of cell-cultured seafood in Europe. This agreement marks the first of its kind in the region between a consumer packaged goods company and a cell-cultured seafood company. The partnership aims to leverage rising demand for sustainably produced seafood while supporting the long-term availability of healthy options. Key steps include market research, regulatory assessment, and exploring new business opportunities.

Nomad Foods (NYSE:NOMD), Europe's largest frozen food producer, has set new greenhouse gas (GHG) emissions reduction targets approved by the Science Based Targets initiative (SBTi). By 2025, the company aims for a 45% reduction in GHG emissions per ton of product produced, along with a 25% reduction in absolute terms. Additionally, top suppliers covering 80% of emissions will establish their own science-based targets. These actions are part of Nomad's ongoing commitment to sustainability and net-zero ambitions.

Nomad Foods (NYSE: NOMD) will have CEO Stefan Descheemaeker and CFO Samy Zekhout at the Barclays Global Consumer Staples Virtual Conference on September 9, 2021, at 12:40 p.m. ET. Investors and interested parties can listen to the audio webcast on Nomad Foods’ official website. As Europe’s leading frozen foods company, Nomad Foods boasts popular brands like Birds Eye and Findus, known for their high-quality and nutritious products. For more details, visit Nomad Foods.

Nomad Foods (NYSE: NOMD) reported Q2 2021 financial results showing a 1% revenue decline to €596 million and an organic revenue decline of 4.5%. However, adjusted EBITDA increased 4% to €123 million, and adjusted EPS rose 18% to €0.40. Profit for the period was €51 million. The company reiterated its 2021 guidance with revenue and adjusted EBITDA growth of 3-5% expected. A new share repurchase authorization of up to $500 million was approved, replacing the nearly exhausted previous program.

Nomad Foods Limited (NYSE: NOMD) will announce its second quarter results on August 5, 2021, before market opening. The conference call with the executive management team is scheduled for the same day at 8:30 AM EDT. This call will provide insights and discussions regarding the financial results. A live audio webcast and presentation will be accessible on Nomad Foods' investor relations website, with a replay available for two weeks post-event. Nomad Foods is recognized as Europe's leading frozen food company, featuring well-known brands such as Birds Eye and Findus.

Nomad Foods Limited announces the completion of a private offering by its subsidiary, Nomad Foods BondCo Plc, of €50.0 million in additional 2.50% senior secured notes due 2028. This offering supplements the previously issued €750.0 million notes. The net proceeds will support general corporate purposes, aimed at enhancing the company’s capital structure and liquidity position, according to CFO Samy Zekhout. The new notes will be traded on the Euro MTF market of the Luxembourg Stock Exchange.