Nomad Foods Reports Fourth Quarter and Full Year 2015 Financial Results

Nomad Foods Limited ("Nomad" or the "Company") (NYSE:  NOMD), today issues the following trading update for the three, nine and twelve month periods ended December 31, 2015.

Reported Results

Nomad Foods acquired Iglo Foods Holdings Limited and its subsidiaries (the "Iglo Group") on June 1, 2015 and Findus Sverige AB and its subsidiaries (the "Findus Group") on November 2, 2015.  Prior to June 1, 2015 Nomad Foods did not have any operations.  Accordingly, Nomad Foods' reported results for the nine months ended December 31, 2015 include the seven month results of the Iglo Group from June 1, 2015 only and the two month results of the Findus Group from 2 November, 2015 only. In May 2015, Nomad Foods changed its financial year end to December 31 from March 31 in order to align with the Iglo Group's historical reporting calendar.  As a result, Nomad Foods' as reported results for the 2015 financial year are for the nine month period ended December 31, 2015.

Highlights for the three months ended December 31, 2015

Revenue for the three months ended December 31, 2015 was €475.9 million, resulting in a €53.0 million profit after tax, which includes exceptional costs of €20.3 million.

For the three months ended December 31, 2014, revenue was €nil, resulting in a profit after tax of €0.1 million.

Highlights for the nine months ended December 31, 2015

Revenue for the nine months ended December 31, 2015 was €894.2 million resulting in a loss after tax of €337.3 million, resulting from non-cash charges related to the Founder Preferred Shares Annual Dividend Amount and warrant redemption amount of €348.6 million and exceptional costs of €58.1 million.

For the twelve months ended March 31, 2015, revenue was €nil resulting in a loss after tax of €167.5 million, due to €166.2 million non-cash charges related to the Founder Preferred Shares Annual Dividend Amount and warrant redemption amount