Nomad Foods Reports Mixed Results in Third Quarter of 2024
Written by Ohris M. Greyoon, Blockchain & Crypto Expert
Source: Coinmarketcap
Updated: Nov 14 2024Third Quarter Performance: Nomad Foods Limited reported a modest revenue growth of 0.8% for Q3 2024, reaching €770 million, despite facing ERP disruptions. Adjusted EBITDA increased by 19% to €166 million, and adjusted EPS rose by 28% to €0.55, showcasing effective cost management and profitability.
Revised Full Year Guidance: The company has lowered its full-year 2024 guidance due to the ERP-related challenges, expecting organic revenue growth of 1% to 2% and adjusted EPS in the range of €1.72 to €1.77. Despite these adjustments, Nomad Foods remains optimistic about long-term growth prospects through continued investment in marketing and innovation.
About the author
Ohris M. Greyoon
Ohris M. Greyoon holds a Master’s in Computer Science from MIT and has 10 years of experience in blockchain technology and cryptocurrency markets. A pioneer in decentralized finance (DeFi) analysis, he leads Intellectia’s Crypto News, offering cutting-edge insights into digital assets.
