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LONDON -On Monday, Nomad Foods Limited (NYSE: NYSE:NOMD), the frozen food company, reported better-than-expected fourth quarter results and raised its full-year 2025 earnings guidance.
The company’s shares gained 3.33% in premarket trading after the release.
The company posted adjusted earnings per share of €0.42 for Q4, surpassing analyst estimates of €0.38. Revenue came in at €793.4 million, slightly above the consensus forecast of €792.81 million.
Compared to the same quarter last year, Nomad Foods saw organic revenue growth of 3.1%, driven by a 4.7% increase in volume. The company said this reflects the impact of focused brand investments and operational excellence.
"Our 2024 results demonstrate the impact of our focused brand investments and operational excellence, marking our ninth consecutive year of sales and Adjusted EBITDA growth," said CEO Stéfan Descheemaeker.
For the full year 2025, Nomad Foods raised its adjusted EPS guidance to €1.85-€1.89, up from its previous outlook of €1.81-€1.85. This implies 4-6% growth over 2024.
The company continues to expect 1-3% organic revenue growth and 2-4% adjusted EBITDA growth in 2025. Management expressed confidence in delivering a 10th straight year of sales and profit growth.
Nomad Foods returned €208 million to shareholders in 2024 through dividends and share repurchases. The board recently approved a 13% increase to the Q1 2025 dividend.
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