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Nomad foods ltd (NYSE:Nomad) Shares are trade Higher in premarket After the fourth quarter FY24 earnings on Monday.
The company reported Fourth Quarter FY24 sales increase 4.3% During the year, Il-793 million euros ($ 846.79 million), analytical consensus estimate estimated $ 788.03 million.
0.42 Euro ($ 0.46) adjusted EPS beat the consensus $ 0.37 Evaluation.
Rough profits Increased 9% to 226 million euros, and the total profit margin expanded 120 main points to 28.5%. The operating income reached 37.2% of the operating area of 37.2% to 91.5 million euros.
The adjusted EBIT increased by 17.6% to 137 million euros. As of December 31, 2024, the company was 403.3 million euros and equivalent. The cash flow in twelve months was 435.4 million euros.
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“Our 2024 results, the effective brand investments and operational excellence, marks the growth of 9 years of sales and adjusted EBIT in a row,” said CEO Stéfan Deighmacher.
“The growth is in a quarter of monthly and quarters, but the main trend linear results in our results, and more effective trade programs in the sales point of sale and resonate with consumers in the point of sale, and growth investment in the integration initiatives and the center of combination. With the combination, we managed to do it when expanding margins. “
Outlook 2025: Nomad Foods continues to expect a 3% increase of 1% of organic income and The adjusted EBIT is 2% growth – 4%.
The company raised the regulated EPS Outlook 1.85 – 1.89 Euro 1.81 – 1.85 euros. Based on the USD / EUR exchange rate as of February 25, 2025, this is $ 2025 to $ 1.94 to $ 1.94.
Feebleness: NOMD shares are trading up to 7.35%, which is higher than 20.28 per premarket on Monday.
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This article Nomad Foods defeated Q4 earnings; Annual EPS raises Outlook Originated first Benzinga.com
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