The company said, “Over the full 2026 to 2028 time frame the company is committing to a dependable bottom-line growth goal and healthy free-cash-flow generation. It is targeting compound annual Adjusted EBITDA growth of 1-3% over the aggregate period and expects to generate Free-Cash-Flow growth of approximately 15% from 2026-2028 versus 2023-2025. The Free-Cash-Flow improvement is expected to come from lower exceptional cash expenses, continued stringent working capital management and EBITDA growth. While not guiding to specific revenue targets, the company aims to grow organic sales in-line with the European Frozen category which, per Global Data, has historically grown sales in a low-single-digit range.”
Elevate Your Investing Strategy:
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
Published first on TheFly – the ultimate source for real-time, market-moving breaking financial news. Try Now>>
Read More on NOMD:
- Nomad Foods: Buy Rating Affirmed Amid Growth Potential and Strategic Initiatives
- Nomad Foods price target lowered to $20 from $23 at Mizuho
- Nomad Foods price target lowered to $18 from $20 at Barclays
- Nomad Foods Faces Challenges, Lowers 2025 Outlook
- Nomad Foods Earnings Call: Balancing Innovation and Challenges