Nomad Foods (NOMD) came out with quarterly earnings of $0.47 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.44 per share a year ago. These figures are adjusted for non-recurring items. A quarter ago, it was expected that this frozen foods company would post earnings of $0.41 per share when it actually produced earnings of $0.40, delivering a surprise of -2.44%. Over the last four quarters, the company has surpassed consensus EPS estimates just once. Nomad Foods, which ...

Volume recovery on-track; Revenue growth of +1.1% with Adjusted EPS of €0.44 Reiterates full year 2024 financial guidance WOKING, England, Aug. 7, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD), today reported financial results for the three and six month period ended June 30, 2024. Key operating highlights and financial performance for the second quarter 2024, when compared to the second quarter 2023, include: Reported revenue increased 1.1% to €753 million Organic revenue growth of 0.5% Adjusted EB ...

About Nomad Foods Enquiries Investor Relations Contact Jason English [email protected] This press release contains "forward-looking" statements within the meaning of the safe harbor provisions of the Private Securities Litigation Reform Act of 1995, including, without limitation, statements regarding the payment of quarterly cash dividends in the future. These statements are based on management's estimates and assumptions with respect to future events, and are believed to be reasonable, though are inherentl ...

The conference call is scheduled to begin at 8:30 AM Eastern Daylight Time on Wednesday, August 7, 2024. To participate on the live call listeners in North America may dial +1-877-451-6152 and international listeners may dial +1-201-389-0879. Additionally, there will be a presentation to accompany the conference call and the call is being webcast. Both can be accessed at the Nomad Foods website at www.nomadfoods.com under Investor Relations. A replay of the conference call will be available on the Company w ...

Core Viewpoint - Nomad Foods Limited has appointed Ruben Baldew as the new Chief Financial Officer, effective June 17, 2024, succeeding Samy Zekhout, who will assist in the transition until July 31, 2024 [1][3]. Group 1: Leadership Transition - Ruben Baldew brings over 20 years of global consumer products experience, previously serving as CFO of Accell Group and holding various finance roles at Unilever [2]. - Samy Zekhout has significantly contributed to Nomad Foods, leading initiatives that resulted in consistent organic revenue, EBITDA, and EPS growth during his tenure [3]. Group 2: Company Background - Nomad Foods is recognized as Europe's leading frozen food company, with a portfolio that includes well-known brands such as Birds Eye, Findus, iglo, Ledo, and Frikom [5]. - The company is headquartered in the United Kingdom and is committed to providing high-quality, nutritious, and convenient food options for consumers [5].

Nomad Foods (NOMD) came out with quarterly earnings of $0.40 per share, missing the Zacks Consensus Estimate of $0.41 per share. This compares to earnings of $0.49 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of -2.44%. A quarter ago, it was expected that this frozen foods company would post earnings of $0.34 per share when it actually produced earnings of $0.34, delivering no surprise.Over the last four quarters, the company ...

Exhibit 99.2 Nomad Foods Limited Condensed Consolidated Interim Financial Statements (unaudited) For the three months ended March 31, 2024 Nomad Foods Limited—Interim management report General information Nomad Foods Limited (NYSE: NOMD) is Europe's leading frozen foods company. Nomad Foods Limited's (the "Company" or "Nomad") portfolio of iconic brands, which includes Birds Eye, Findus, iglo, Ledo and Frikom, have been a part of consumers' meals for generations, standing for great tasting food that is conv ...

WOKING, England, April 29, 2024 /PRNewswire/ -- Nomad Foods Limited ("Nomad Foods" or the "Company") today announced that it has repriced its existing USD denominated Term Loan B of USD 693 million principal (the "Term Loan"). The closing of the repricing of the Term Loan is expected to occur on or before May 7, 2024, subject to customary closing conditions. Following the closing, the margin on the Term Loan will be reduced by 50 basis points to SOFR + 250 basis points, which is expected to result in approx ...

WOKING, England, April 26, 2024 /PRNewswire/ -- Nomad Foods Limited (NYSE: NOMD), today announced it will report results for the first quarter ended March 31, 2024 before New York Stock Exchange market open on Thursday, May 9, 2024. A conference call with members of the executive management team will be held to discuss the results with additional comments and details.The conference call is scheduled to begin at 8:30 AM Eastern Daylight Time on Thursday, May 9, 2024. To participate on the live call listeners ...

Financial Performance - Record-high net sales and Adjusted EBITDA for full year 2023, with Adjusted EPS of €1.61[1] - Full year 2024 guidance: organic net revenue growth of 3%-4%, Adjusted EBITDA growth of 4%-6%, and Adjusted EPS of €1.75-€1.80, implying 9-12% growth[3] - Q4 2023 revenue increased 1.4% to €761 million, with organic revenue growth of 1.9% driven by a 7.5% price increase offset by a 5.6% volume/mix decline[6][7] - Full year 2023 revenue increased 3.6% to €3.045 billion, with organic revenue growth of 4.9% driven by a 14.4% price increase offset by a 9.5% volume/mix decline[6][13] - Adjusted EBITDA for Q4 2023 increased 3.2% to €117 million, while full year 2023 Adjusted EBITDA increased 2% to €535 million[6][13] - Adjusted free cash flow for 2023 was €300 million, representing a 109% conversion rate[6] - Gross profit for Q4 2023 increased 8% to €208 million, with gross margin up 160 basis points to 27.3%[7] - Full year 2023 gross profit increased 5% to €859 million, with gross margin up 50 basis points to 28.2%[13] - Adjusted operating expenses for Q4 2023 increased 14% to €117 million due to higher A&P investment[13] - Full year 2023 Adjusted EPS decreased 4.2% to €1.61, reflecting higher interest charges[13] - Adjusted EBITDA margin for the twelve months ended December 31, 2023, was 17.8%, calculated based on Adjusted EBITDA and Revenue of €2,939.7 million[34] - Organic revenue growth for the twelve months ended December 31, 2023, was 4.9%, contributing to a total reported revenue growth of 3.6%[35] - Adjusted free cash flow for the year ended December 31, 2023, was €299.9 million, representing 109% of adjusted profit for the period[38] - The company reported a profit for the period of €192.7 million in 2023, down from €249.8 million in 2022, impacted by exceptional items and other adjustments[27] - Revenue for the three months ended December 31, 2023, was €760.8 million, with an adjusted operating profit of €90.4 million[29] - Adjusted EBITDA for Q4 2023 was €116.6 million, with an Adjusted EBITDA margin of 15.3% based on revenue of €760.8 million[45][48] - Revenue for Q4 2023 was €760.8 million, compared to €750.2 million in Q4 2022, showing a 1.4% increase[45][50] - Adjusted EBITDA for the full year 2023 was €535.0 million, with an Adjusted EBITDA margin of 17.6% based on revenue of €3,044.5 million[61][62] - The company's revenue for the full year 2023 was €3,044.5 million, compared to €2,985.0 million in 2022, reflecting a 2.0% increase[57][61] - Revenue for the twelve months ended December 31, 2022 was €2,939.7 million[64] - Gross profit for the period was €815.3 million[64] - Adjusted operating profit increased to €435.8 million, up from €375.4 million as reported[64] - Profit for the period after adjustments was €293.4 million, compared to €249.8 million as reported[64] - Basic and diluted earnings per share increased to €1.68 from €1.43 after adjustments[64] - Adjusted EBITDA for the twelve months ended December 31, 2022 was €524.4 million[68] Cash Flow and Financial Position - Total assets increased to €6,416.7 million in 2023 from €6,326.1 million in 2022, driven by growth in non-current assets and current assets[26] - Net cash generated from operating activities rose to €430.8 million in 2023, up from €303.8 million in 2022, reflecting improved operational efficiency[27] - The company repurchased ordinary shares worth €170.9 million in 2023, significantly higher than the €26.8 million repurchased in 2022[27] - Cash and cash equivalents at the end of 2023 stood at €399.7 million, including bank overdrafts of €13.2 million[27] - Adjusted profit for the period was €274.8 million, with adjusted free cash flow conversion at 109%[38] Costs and Expenses - The company incurred €68.4 million in expenses related to the Business Transformation Program for the full year 2023[61][62] - Fortenova Group integration costs for Q4 2023 were €2.8 million, contributing to the overall exceptional items[45][46] - Share-based payment charges and employer payroll taxes for the full year 2023 amounted to €26.1 million[57][62] - Depreciation and amortization for the full year 2023 totaled €95.0 million[61] - The Information Technology Transformation program was completed in 2023, with associated expenses of €0.6 million for the full year[61][62] - Exceptional items included €37.0 million for Business Transformation Program and €9.5 million for Fortenova Group integration costs[68] - Depreciation and amortization amounted to €88.6 million[68] - Net financing costs after adjustments were €65.9 million, up from €54.4 million as reported[64] - Taxation after adjustments increased to €76.5 million from €71.2 million as reported[64]