Nomad Foods Ltd. ( (NOMD) ) has released its Q1 earnings. Here is a breakdown of the information Nomad Foods Ltd. presented to its investors.
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Nomad Foods Limited, headquartered in the United Kingdom, is Europe’s leading frozen food company, known for its iconic brands such as Birds Eye, Findus, and iglo, which offer convenient, high-quality, and nutritious meals.
In the first quarter of 2025, Nomad Foods reported a decrease in revenue by 3.0% to €760 million compared to the same period in 2024. Despite the revenue decline, the company achieved a 90 basis points increase in gross margin, which supported reinvestment in advertising and promotion.
Key financial metrics for the quarter included a 1.8% decrease in Adjusted EBITDA to €120 million and a 5.4% decrease in Adjusted EPS to €0.35. The company faced challenges such as retailer inventory destocking and the timing of Easter, which impacted sales growth. However, Nomad Foods continued to focus on its strategic priorities, including scaling its growth platforms and strengthening its innovation pipeline.
Looking ahead, Nomad Foods has recalibrated its full-year expectations, anticipating organic revenue growth of 0%-2% and Adjusted EBITDA growth of 0%-2%. The company remains confident in its growth potential, despite macroeconomic uncertainties and input cost pressures, and expects to see accelerated top-line growth throughout the remainder of 2025.