Welcome to our dedicated page for Nomad Foods news (Ticker: NOMD), a resource for investors and traders seeking the latest updates and insights on Nomad Foods stock.
Nomad Foods Limited (NYSE: NOMD) is Europe’s leading frozen food company, focused on branded frozen products such as fish, vegetables, poultry, ice cream and ready meals like pizza. The NOMD news feed on Stock Titan aggregates company announcements, press releases and market updates so investors can follow developments affecting this frozen specialty food manufacturer.
News about Nomad Foods frequently centers on its quarterly and interim financial results, where the company reports revenue trends, organic revenue growth or decline, margin performance and non-IFRS measures such as Adjusted EBITDA, Adjusted Profit and Adjusted EPS. These updates often include management commentary on factors influencing performance, including supply chain inflation, weather-related category pressure in Western Europe and changes in retailer merchandising strategies.
Investors can also track capital allocation and financing news, including announcements of quarterly cash dividends on NOMD ordinary shares and details of senior secured term loan refinancings and extensions of the company’s revolving cash facility. Such items provide insight into Nomad Foods’ approach to its balance sheet, debt maturities and cash flow deployment.
Another important category of news involves strategic and operational updates. The company has communicated multi-year efficiency programs aimed at generating operational savings, new medium-term financial targets, and updates on commercial plans such as marketing campaigns for its Birds Eye brand and innovation and renovation initiatives across its frozen portfolio. Governance and leadership items, including director appointments and CEO succession plans, are also disclosed through press releases and Form 6-K filings.
By following the NOMD news page, readers can review a continuous stream of official company communications, from earnings releases and guidance changes to dividend declarations, financing transactions and leadership announcements, all in one place.
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.
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.