Nomad Foods(NOMD) Prnewswire·2025-03-03 11:45Core Insights - Nomad Foods achieved its ninth consecutive year of record-high net sales and Adjusted EBITDA, with a reported revenue increase of 1.8% to €3.1 billion for the full year 2024 [2][6][16] - The company increased its full year 2025 Adjusted EPS guidance to €1.85-€1.89, reflecting a growth of 4-6% compared to the previous outlook [1][3] - Nomad Foods distributed €208 million to shareholders in 2024 through dividends and share repurchases, demonstrating a strong commitment to shareholder returns [2][16] Financial Performance - For Q4 2024, reported revenue increased by 4.3% to €793 million, with organic revenue growth of 3.1% driven by a volume growth of 4.7% [6][7] - Adjusted EBITDA for Q4 2024 rose by 17.6% to €137 million, while Adjusted EPS increased by 31% to €0.42 [6][7] - For the full year 2024, Adjusted EBITDA increased by 5.6% to €565 million, and Adjusted EPS rose by 11% to €1.78 [6][16] Operational Highlights - The company reported a gross profit increase of 7% to €918 million for the full year 2024, with a gross margin improvement of 140 basis points to 29.6% [16] - Nomad Foods maintained a strong cash flow conversion rate of 90% or greater, with adjusted free cash flow of €292 million [3][6] - The company plans to continue investing in its products and brands, with expectations of organic revenue growth of 1%-3% and Adjusted EBITDA growth of 2%-4% for 2025 [3][4] Management Commentary - CEO Stéfan Descheemaeker emphasized the impact of focused brand investments and operational excellence, highlighting the company's strong volume momentum and market share gains [4] - Co-Chairman Noam Gottesman expressed optimism about the growth potential of Nomad Foods, noting its portfolio of iconic brands and high-performing team [4]