Earnings ·
Nomad Reports Q3 Revenue of €770M, Organic Growth of 1.6%
NOMDNomad Foods Ltd
Nomad Foods reported third-quarter revenue of €770 million, a 2.3% increase year-over-year, driven by a positive price-mix contribution of 1.8% that offset a slight volume decline of 0.2%. Adjusted EBITDA decreased 1.5% to €141 million, while reported diluted EPS rose 21% to €0.47 and adjusted EPS fell 4.1% to the same level. For the first nine months, revenue declined 2.2% to €2.2 billion as volume dropped 3.5%, though price-mix improved by 1.3%. The company reiterated its full-year guidance for organic revenue decline of 2%-3% and adjusted EPS of $1.55-$1.71. Nomad Foods is Europe’s leading frozen food company, operating iconic brands including Birds Eye, Findus, and iglo.