Category Growth Outperforming Food Market
Frozen category delivered robust growth for retailers last year, up 2.4% across Nomad's footprint; selected markets showing stronger growth (Italy +3.0%, Germany +4.5%), indicating healthy category tailwinds versus overall food.
Management Confidence and Insider Buying
CEO and CFO plan to make substantial personal share purchases in the coming weeks and the company continues an open share repurchase program, signaling management belief that shares trade below intrinsic value and demonstrating confidence in long-term prospects.
Planned Investment to Strengthen Point of Sale and Brands
Nomad is allocating significant investments this year to improve in-store execution, packaging and brand A&P efficiency (examples include broader rollout of 'Chicken Shop' from the U.K.), aimed at increasing shelf visibility, consumer appeal and ability to defend price premiums.
Supply Chain Resilience on Fish Inputs
Despite media reports of temporary disruptions related to digital/IT programs and policy pauses, management reports no material impact to Nomad's ingredient or fish supply, describing reported disruptions as short-term and not affecting operations.
Multi-year Growth Expectation
Management expects a return to growth in 2027 and 2028 and is developing multiyear plans and targets to be presented at an Analyst Day later this year, indicating long-term strategic ambition despite near-term transition.