Nomad Foods Provides 2025 Guidance Ahead of Presentation at the 27th Annual ICR Conference
Nomad Foods (NYSE: NOMD) has provided its 2025 guidance and strategic outlook. The company expects organic revenue growth of 1%-3% and Adjusted EBITDA growth of 2%-4% for 2025, with projected Adjusted EPS of €1.81-€1.85 and adjusted free cash flow conversion of 90% or greater.
The company reports strong market share gains through Q4 2024 with accelerating volume growth. More than two-thirds of revenue is expected from seafood, poultry, and vegetable products. Management plans to increase investments in advertising, innovation, and renovation while focusing on higher margin Must Win Battles and Growth Platforms.
2025 will mark Nomad Foods' 10th anniversary as a public company, with expectations to achieve its 10th consecutive year of revenue and Adjusted EBITDA growth. The company maintains confidence in meeting its previously issued full year 2024 guidance.
Nomad Foods (NYSE: NOMD) ha fornito le sue previsioni e l'orientamento strategico per il 2025. L'azienda prevede una crescita del fatturato organico dell'1%-3% e una crescita dell'Adjusted EBITDA del 2%-4% per il 2025, con un Adjusted EPS previsto di €1.81-€1.85 e una conversione del flusso di cassa libero rettificato pari al 90% o superiore.
L'azienda riporta forti guadagni di mercato fino al quarto trimestre del 2024 con una crescita del volume in accelerazione. Più di un terzo del fatturato è previsto provenire da prodotti ittici, avicoli e vegetali. La direzione pianifica di aumentare gli investimenti in pubblicità, innovazione e ristrutturazione, concentrandosi su battaglie strategiche azzimanti ad alto margine e piattaforme di crescita.
Il 2025 segnerà il 10° anniversario di Nomad Foods come società pubblica, con l'aspettativa di raggiungere il decimo anno consecutivo di crescita del fatturato e dell'Adjusted EBITDA. L'azienda mantiene la fiducia nel raggiungimento delle previsioni per l'intero anno 2024 precedentemente emesse.
Nomad Foods (NYSE: NOMD) ha proporcionado su guía y perspectiva estratégica para 2025. Se espera un crecimiento de ingresos orgánicos del 1%-3% y un crecimiento del EBITDA Ajustado del 2%-4% para 2025, con un EPS Ajustado proyectado de €1.81-€1.85 y una conversión de flujo de caja libre ajustado del 90% o más.
La empresa reporta fuertes ganancias en cuotas de mercado hasta el cuarto trimestre de 2024, con un crecimiento acelerado del volumen. Se espera que más de dos tercios de los ingresos provengan de productos de mar, aves y vegetales. La dirección planea aumentar las inversiones en publicidad, innovación y renovación, mientras se enfoca en batallas estratégicas de alto margen y plataformas de crecimiento.
El 2025 marcará el 10° aniversario de Nomad Foods como empresa pública, con expectativas de alcanzar su décimo año consecutivo de crecimiento en ingresos y EBITDA Ajustado. La empresa mantiene la confianza en cumplir con su guía para el año completo de 2024 emitida anteriormente.
Nomad Foods (NYSE: NOMD)는 2025년 전망과 전략적 방향을 밝혔습니다. 회사는 유기적 매출 성장 1%-3%과 조정된 EBITDA 성장 2%-4%를 예상하며, 조정된 EPS는 €1.81-€1.85로 추정하고 조정된 자유 현금 흐름 변환률은 90% 이상이 될 것으로 보입니다.
회사는 2024년 4분기까지 강력한 시장 점유율 증가를 보고하고 있으며, 볼륨 성장이 가속화되고 있습니다. 매출의 3분의 2 이상은 해산물, 가금류 및 채소 제품에서 발생할 것으로 예상됩니다. 경영진은 광고, 혁신 및 리노베이션에 대한 투자를 늘리면서 높은 마진을 가진 승리해야 할 전투 및 성장 플랫폼에 집중할 계획입니다.
2025년은 Nomad Foods의 상장 10주년을 기념하는 해로, 10년 연속 매출 및 조정된 EBITDA 성장을 달성할 것으로 기대하고 있습니다. 회사는 이전에 발표한 2024년 전체 연도 가이드를 충족할 수 있다는 자신감을 유지하고 있습니다.
Nomad Foods (NYSE: NOMD) a fourni ses prévisions et son orientation stratégique pour 2025. La société prévoit une croissance des revenus organiques de 1%-3% et une croissance de l'EBITDA ajusté de 2%-4% pour 2025, avec une EPS ajustée projetée de €1.81-€1.85 et une conversion du flux de trésorerie libre ajusté de 90% ou plus.
La société rapporte de fortes parts de marché gagnées jusqu'au quatrième trimestre 2024 avec une croissance du volume accélérée. Plus des deux tiers des revenus devraient provenir de produits de la mer, de volaille et de légumes. La direction prévoit d'augmenter les investissements dans la publicité, l'innovation et la rénovation, tout en se concentrant sur des batailles stratégiques à haute marge et des plateformes de croissance.
2025 marquera le 10e anniversaire de Nomad Foods en tant qu'entreprise publique, avec des attentes d'atteindre dix années consécutives de croissance des revenus et de l'EBITDA ajusté. La société reste confiante dans sa capacité à atteindre ses prévisions pour l'ensemble de l'année 2024 qui ont été précédemment émises.
Nomad Foods (NYSE: NOMD) hat seine Prognose und strategische Ausrichtung für 2025 vorgelegt. Das Unternehmen erwartet ein organisches Umsatzwachstum von 1%-3% und ein wachsendes bereinigtes EBITDA von 2%-4% für 2025, mit einer prognostizierten bereinigten EPS von €1,81-€1,85 und einer bereinigten Free Cashflow-Umwandlungsrate von 90% oder mehr.
Das Unternehmen berichtet bis zum vierten Quartal 2024 von starken Marktanteilsgewinnen mit zunehmendem Volumenwachstum. Mehr als zwei Drittel des Umsatzes sollen aus Meeresfrüchten, Geflügel und Gemüseprodukten stammen. Das Management plant, die Investitionen in Werbung, Innovation und Renovierungen zu erhöhen und sich auf margenstarke Must-Win-Battles und Wachstumsplattformen zu konzentrieren.
2025 wird den 10. Jahrestag von Nomad Foods als börsennotiertes Unternehmen markieren, mit der Erwartung, das zehnte aufeinanderfolgende Jahr mit Umsatz- und bereinigtem EBITDA-Wachstum zu erreichen. Das Unternehmen bleibt optimistisch, die zuvor veröffentlichten Prognosen für das Gesamtjahr 2024 zu erfüllen.
- Market share gains and accelerating volume growth in Q4 2024
- Projected organic revenue growth of 1%-3% for 2025
- Expected Adjusted EBITDA growth of 2%-4% for 2025
- 90% or greater adjusted free cash flow conversion expected
- Strong portfolio positioning with two-thirds of revenue from seafood, poultry, and vegetable products
- Increased investment spending may impact margins in 2025
Insights
The 2025 guidance from Nomad Foods reveals a compelling growth trajectory with 1-3% organic revenue growth and 2-4% Adjusted EBITDA growth targets. The
The company's focus on higher-margin products and revenue growth management, coupled with productivity initiatives, suggests potential margin expansion. The strategic emphasis on seafood, poultry and vegetable products - accounting for over
The commitment to increased advertising and innovation investment, while maintaining EBITDA growth, indicates confidence in their business model's efficiency. This balanced approach to growth and profitability, supported by strong cash conversion, suggests a sustainable long-term trajectory.
The frozen food market dynamics strongly favor Nomad's positioning. Their portfolio transformation, with two-thirds focused on health-conscious segments, aligns perfectly with evolving consumer preferences for convenient yet nutritious options. The company's market share gains in Q4 2024 validate this strategic direction.
The sustained investment in advertising, innovation and renovation demonstrates a proactive approach to category leadership. Their "Must Win Battles" strategy suggests targeted resource allocation to high-potential segments, which could drive above-market growth rates. The frozen category's continued volume growth, particularly in Europe where Nomad holds leading positions, provides a strong foundation for their 2025 targets.
Execution of the commercial flywheel is driving strong market share and volume growth
2025 is expected to be the 10th consecutive year of revenue and Adjusted EBITDA growth as Nomad Foods celebrates its 10th anniversary as a public company
WOKING,
For the full year 2025, Nomad Foods expects organic revenue growth of
Stéfan Descheemaeker, Chief Executive Officer, stated, "I am pleased with the strong momentum we have built across our portfolio as we enter 2025, which will mark our 10th anniversary as a public company. Our strategy is working as evidenced by the positive market share inflection we achieved in the second half of 2024 and the strong volume growth we expect to deliver in the fourth quarter of 2024. The increased investments we have made behind our advertising, innovation, renovation and merchandising are delivering strong returns and we will continue reinvesting to fuel the momentum in 2025."
He continued, "We enter 2025 with a portfolio that is well positioned for evolving consumer trends with more than two-thirds of our revenue expected to be generated from great tasting and nutritious seafood, poultry and vegetable products. Furthermore, we benefit from a Frozen category that is seeing sustained volume growth with a long runway ahead of it. We expect to leverage these tailwinds to deliver another year of top-tier Food industry growth as we once again increase our advertising, innovation and renovation rates to fuel growth for us and our retail partners. We expect to fund this growth by focusing our investment on our higher margin Must Win Battles and Growth Platforms while executing on our revenue growth management and productivity programs to deliver robust Adjusted EBITDA and Adjusted free cash flow. We are excited to celebrate our 10-year anniversary as a public company by delivering our 10th consecutive year of revenue and Adjusted EBITDA growth!"
Stéfan Descheemaeker, Chief Executive Officer, and Ruben Baldew, Chief Financial Officer, are scheduled to present at the 27th Annual ICR Conference in
Enquiries
Investor Relations Contact
Jason English
investorrelations@nomadfoods.com
Media Contact
Elaine McCrimmon, Group Corporate Affairs Director
elaine.mccrimmon@nomadfoods.com
About Nomad Foods
Nomad Foods (NYSE: NOMD) is
Non-IFRS Financial Information
Nomad Foods is presenting Adjusted and Organic forecast financial information, which is considered non-IFRS financial information, for the fiscal years 2024 and 2025.
Adjusted financial information reflects the historical reported financial statements of Nomad Foods, adjusted primarily for, when they occur, share based payment expenses and related employer payroll taxes, non-operating M&A related costs, acquisition purchase price adjustments, exceptional items and foreign currency translation charges/gains.
Adjusted EBITDA is profit or loss for the period before taxation, net financing costs, depreciation and amortization, adjusted to exclude, when they occur, the impacts of exited markets, acquisition purchase price adjustments and exceptional items such as restructuring charges, goodwill and intangible asset impairment charges and other unusual or non-recurring items. In addition, we exclude other adjustments such as the impact of share based payment expenses and related employer payroll taxes, and non-operating M&A related costs, because we do not believe they are indicative of our normal operating costs, can vary significantly in amount and frequency, and are unrelated to our underlying operating performance. The Company believes Adjusted EBITDA provides important comparability of underlying operating results, allowing investors and management to assess operating performance on a consistent basis.
Adjusted EBITDA should not be considered as an alternative to profit/(loss) for the period, determined in accordance with IFRS, as an indicator of the Company's operating performance.
Adjusted Profit for the period is defined as profit for the period excluding, when they occur, the impacts of exited markets, acquisition purchase price adjustments and exceptional items such as restructuring charges, goodwill and intangible asset impairment charges, unissued preferred share dividends, as well as certain other items considered unusual or non-recurring in nature. In addition, we exclude other adjustments such as the impact of share based payment expenses and related employer payroll taxes, and non-operating M&A related costs, because we do not believe they are indicative of our normal operating costs, can vary significantly in amount and frequency, and are unrelated to our underlying operating performance. The Company believes Adjusted Profit after tax provides important comparability of underlying operating results, allowing investors and management to assess operating performance on a consistent basis.
Adjusted EPS is defined as basic earnings per share excluding, when they occur, the impacts of exited markets, acquisition purchase price adjustments and exceptional items such as restructuring charges, goodwill and intangible asset impairment charges, as well as certain other items considered unusual or non-recurring in nature. In addition, we exclude other adjustments such as the impact of share based payment expenses and related employer payroll taxes, and non-operating M&A related costs, because we do not believe they are indicative of our normal operating costs, can vary significantly in amount and frequency, and are unrelated to our underlying operating performance. The Company believes Adjusted EPS provides important comparability of underlying operating results, allowing investors and management to assess operating performance on a consistent basis.
Organic revenue growth/(decline) is an adjusted measurement of our operating results. Organic revenue growth/(decline) reflects reported revenue adjusted for currency translation and non-comparable trading items such as expansion, acquisitions, disposals, closures, trading day impacts or any other event that artificially impacts the comparability of our results period over period.
Adjustments for currency translation are calculated by translating data of the current and comparative periods using a budget foreign exchange rate that is set once a year as part of the Company's internal annual forecast process.
Adjusted Free Cash Flow – Adjusted free cash flow is the amount of cash generated from operating activities before cash flows related to exceptional items (as described above), non-operating M&A related costs and working capital movements on employer taxes associated with share based payment awards, but after capital expenditure (on property, plant and equipment and intangible assets), net interest paid, proceeds/(payments) on settlement of derivatives where hedge accounting is not applied and payments of lease liabilities. Adjusted free cash flow reflects cash flows that could be used for payment of dividends, repayment of debt or to fund acquisitions or other strategic objectives.
Cash flow conversion is Adjusted Free Cash Flow as percentage of Adjusted Profit for the period.
Adjusted and Organic non-IFRS financial information should be read in conjunction with the historical financial statements of the Company previously filed with the SEC.
Nomad Foods believe its non-IFRS financial measures provide an important additional measure with which to monitor and evaluate the Company's ongoing financial results, as well as to reflect its acquisitions. Nomad Foods' calculation of these financial measures may be different from the calculations used by other companies and comparability may therefore be limited. The Adjusted and Organic financial information presented herein is based upon certain assumptions that Nomad Foods believes to be reasonable and is presented for informational purposes only and is not necessarily indicative of any anticipated financial position or future results of operations that the Company will experience. You should not consider the Company's non-IFRS financial measures an alternative or substitute for the Company's reported results and are cautioned not to place undue reliance on these results and information as they may not be representative of our actual or future results as a Company.
The Company is unable to reconcile, without unreasonable efforts, Organic Growth, Adjusted EBITDA and Adjusted EPS guidance to the most directly comparable IFRS measure.
Forward-Looking Statements and Disclaimers
Certain statements in this press release are forward-looking statements which are based on the Company's expectations, intentions and projections regarding its future performance, anticipated events or trends and other matters that are not historical facts, including the Company's expectations regarding (i) its future operating and financial performance, including its guidance with respect to organic revenue growth, Adjusted EBITDA growth, adjusted free cash flow conversion, Adjusted EPS, and Adjusted EPS growth for 2025; (ii) its fourth quarter and year end results, including the timing of the release of such results; (iii) its volume growth in 2024; (iv) its growth within the industry in 2025; (v) its ability to deliver its 10th consecutive year of revenue and Adjusted EBITDA growth; (vi) 2025 revenue generation; (vii) the benefits of the Frozen category; and (viii) its investments, advertising, innovation and renovation efforts in 2025.
These statements are not guarantees of future performance and are subject to known and unknown risks, uncertainties and other factors that could cause actual results to differ materially from those expressed or implied by such forward-looking statements, including: (i) the Company's ability to effectively mitigate factors that negatively impact its supply of raw materials, including the conflict in
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SOURCE Nomad Foods Limited
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