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Nomad Foods Limited: Nomad Foods Reports Fourth Quarter and Full Year 2020 Financial Results
Full year Adjusted EPS of €1.35 represents 10% growth, ahead of guidance
Anticipates a fifth consecutive year of organic revenue, Adjusted EBITDA and Adjusted EPS growth in 2021
Nomad Foods Limited (NYSE: NOMD), today reported financial results for the three and twelve-month periods ended December 31, 2020.
Key operating highlights and financial performance for the fourth quarter 2020, when compared to the fourth quarter 2019, include:
Reported revenue increased 4.7% to €658 million
Organic revenue growth of 9.5%
Reported Profit for the period of €59 million
Adjusted EBITDA increased 3% to €119 million
Adjusted EPS of €0.38
Key operating highlights and financial performance for the full year 2020, when compared to the full year 2019, include:
Nomad Foods Limited: Nomad Foods Provides Preliminary Full Year 2020 Expectations and Initiates 2021 Guidance
Initiates 2021 Adjusted EPS guidance of €1.50-€1.55 per share, representing 11-15% growth
Nomad Foods Limited (NYSE: NOMD) today announced that management will present virtually at the Consumer Analyst Group of New York (CAGNY) Conference at 11:50am EST. In advance of its presentation, the Company is providing preliminary commentary for the three and twelve-month periods ended December 31, 2020 which are scheduled to be reported on Thursday February 25, 2021. The Company is also providing initial guidance for the full year 2021.
Preliminary Fourth Quarter 2020 Expectations
Organic revenue growth of approximately 9.5%, ahead of prior guidance of high-single digit growth