Nomad Foods Ltd Stock Price, News & Analysis

Nomad Foods Limited (NYSE: NOMD) has appointed Golnar Khosrowshahi and Melanie Stack to its Board of Directors, succeeding Jeremy Isaacs and Simon White, who will not stand for re-election on June 30, 2021. Co-Chairman Noam Gottesman expressed confidence that the new appointees will enhance leadership and support the company's long-term growth strategy. Khosrowshahi brings extensive experience from Reservoir Media Management, while Stack has over 30 years in management within consumer products, previously serving as President EMEA of Newell Home Fragrance Division.

Nomad Foods Limited (NYSE: NOMD) will report its first-quarter results for the period ending March 31, 2021, before the market opens on May 6, 2021. A conference call with the executive management team is scheduled for the same day at 8:30 AM EDT. North American listeners can join by calling +1-855-327-6838, while international listeners can call +1-604-235-2082. A replay of the call will be available for two weeks, and the call will also be webcast on Nomad Foods' Investor Relations page.

Nomad Foods is Europe’s leading frozen foods company, known for brands like Birds Eye and Findus.

Nomad Foods Limited (NYSE: NOMD) announced the availability of its Annual Report on Form 20-F, including audited financial statements for the fiscal year ended December 31, 2020. The report is accessible via the investor relations section on their website and also on the SEC's site. Shareholders can request a hard copy of the report free of charge by contacting Nomad Foods directly. Nomad Foods is recognized as Europe’s leading frozen foods company, boasting a portfolio of well-known brands like Birds Eye and Findus.

Nomad Foods announced the acquisition of Fortenova Group’s Frozen Food Business Group for approximately €615 million. This strategic move expands Nomad's presence into Central and Eastern European markets, including Croatia and Serbia, leveraging FFBG's leading brands, Ledo and Frikom, which hold #1 market share. The deal is expected to nearly double Nomad's revenue base to €3 billion, enhancing growth potential with projected annual revenue of €279 million from FFBG. Management anticipates high-single-digit accretion to Adjusted EPS in Year 1 and €15 million in annual run-rate synergies by 2024.

Nomad Foods (NYSE: NOMD) reported Q4 2020 financial results showing a 4.7% revenue increase to €658 million and 9.5% organic growth. Adjusted EBITDA rose 3% to €119 million, while Adjusted EPS grew 19% to €0.38. For the full year, revenue increased 8.2% to €2,516 million with an 8.7% organic growth. Management forecasts a 3-5% revenue growth for 2021 and expects Adjusted EPS to range between €1.50 and €1.55, an 11-15% increase.

Nomad Foods Limited (NYSE: NOMD) announced a strong finish for Q4 2020, with organic revenue growth of approximately 9.5%, exceeding prior guidance, alongside an expected adjusted EBITDA of about €119 million and adjusted EPS of €0.38 per share, a 19% increase year-over-year. For the full year 2020, organic revenue growth is estimated at 8.7% with adjusted EBITDA of €467 million. Initial guidance for 2021 forecasts 1-2% organic growth and adjusted EPS between €1.50 and €1.55, reflecting growth of 11-15%.

Nomad Foods Limited (NYSE: NOMD) announced that CEO Stefan Descheemaeker and CFO Samy Zekhout will present at the 2021 Consumer Analyst Group of New York (CAGNY) Virtual Conference on February 17, 2021, at 11:50 a.m. ET. Attendees can access a video of the presentation and slides via the company's Investor Relations section on their website.

As Europe's leading frozen foods company, Nomad Foods offers a portfolio of well-known brands, including Birds Eye and Findus, providing convenient and high-quality meals.

Nomad Foods Limited (NYSE: NOMD) announced it is in exclusive negotiations to acquire Fortenova Group’s Frozen Food Business Group (FFBG), which includes popular brands such as Ledo and Frikom. This acquisition aims to complement Nomad's strong organic growth by enhancing its frozen food portfolio across Europe. FFBG is the market leader in Southeastern Europe with a diverse product range including fish, fruits, and ready meals. While the talks are at a preliminary stage, Nomad’s strategy focuses on expanding its geographic reach and strengthening its market position.

Nomad Foods has finalized its acquisition of Findus Switzerland from Froneri International for approximately €110 million. This strategic move strengthens Nomad’s presence in the frozen food sector, expanding its market into Switzerland—a significant growth opportunity. Findus is a leading frozen food brand in Switzerland, enhancing Nomad's portfolio which includes well-known brands like Birds Eye and iglo. The acquisition is expected to provide immediate accretion to Adjusted EPS in 2021, with synergies anticipated from unifying the Findus brand.