Nomad Foods Reports Second Quarter 2022 Financial Results

Revenue growth of +17.0% with Adjusted EPS of €0.40

Updated Full Year Adjusted EPS Guidance of €1.65 – €1.71

FELTHAM, England, Aug. 10, 2022 /PRNewswire/ — Nomad Foods Limited (NYSE: NOMD), today reported financial results for the three and six month periods ended June 30, 2022. Key operating highlights and financial performance for the second quarter 2022, when compared to the second quarter 2021, include:

  • Reported revenue increased 17.0% to €697 million

  • Organic revenue decline of 3.2%

  • Reported Profit for the period of €75 million

  • Adjusted EBITDA increased 2.9% to €127 million

  • Adjusted EPS remained unchanged at €0.40

Management Comments

Stéfan Descheemaeker, Nomad Foods’ Chief Executive Officer, stated, “I am pleased with our second quarter performance, which saw our overall revenue base rise by 17% and our market share remain steady in a dynamic pricing environment. We are adjusting our business well to inflationary pressures and believe that supply chains are normalizing. However, in light of the continuing war in Ukraine, its collateral risks and European consumer sentiment, we are taking a more conservative posture to full year earnings. We are revising our Adjusted EPS expectation for the year to a range of €1.65 to €1.71 for 2022. Despite our cautious outlook for the year, we believe our business is stronger today than at any other time in our history and we are confident we remain on track to deliver our €2.30 Adjusted EPS target for 2025.”


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