Nomad Foods Limited: Nomad Foods Reports First Quarter 2021 Financial Results
Management Reiterates Full Year Guidance Following a Strong Start to the Year
Nomad Foods Limited (NYSE: NOMD), today reported financial results for the three month period ended March 31, 2021. Key operating highlights and financial performance for the first quarter 2021, when compared to the first quarter 2020, include:
Reported revenue increased 3.6% to €707 million
Organic revenue growth of 1.8%
Reported Profit for the period of €49 million
Adjusted EBITDA of €138 million
Adjusted EPS of €0.47
Management Comments
Stéfan Descheemaeker, Nomad Foods Chief Executive Officer, stated, This year is off to a strong start with first quarter revenue and Adjusted EPS marking a record level of quarterly performance. We achieved healthy organic revenue growth notwithstanding year-ago comparisons which reflected elevated growth resulting from pantry loading at the onset of the pandemic. This was c