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Financial

Nomad Foods Reports Fourth Quarter and Full Year 2016 Financial Results

Mar 30, 2017
Q4 2016 Earnings Press Release
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Q4 2016 Earnings Presentation
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Nomad Foods Limited ("Nomad Foods" or the "Company") (NYSE: NOMD), today issues the following trading update for the three and twelve month periods ended December 31, 2016.

Nomad Foods is presenting consolidated operating results and financial information for the three and twelve months ended December 31, 2016.

Highlights for the three months ended December 31, 2016

  • Revenue for the three months ended December 31, 2016 was €485.2 million, resulting in a €2.1 million loss after tax, which includes exceptional items and share based payment charges of €22.2 million and €0.4 million, respectively. For the three months ended December 31, 2015, revenue was €475.9 million, resulting in a profit after tax of €53.0 million, which includes exceptional items of €20.3 million.
  • For the three months ended December 31, 2016, loss per share was €0.01 compared to an earnings per share of €0.30 in the three months ended December 31, 2015.
  • EBITDA, which includes exceptional items and share based payment charges, was €39.5 million for the three months ended December 31, 2016 compared to an EBITDA of €42.2 million for the three months ended December 31, 2015.

Highlights for the twelve months ended December 31, 2016

  • Revenue for the twelve months ended December 31, 2016 was €1,927.7 million, resulting in a €36.4 million profit after tax, which includes exceptional items and share based payment charges of €134.5 million and €1.2 million respectively. For the nine months ended December 31, 2015, revenue was €894.2 million, resulting in a loss after tax of €337.3 million, primarily resulting from exceptional non-cash charges related to the Founder Preferred Shares Annual Dividend Amount of €349.0 million.
  • For the twelve months ended December 31, 2016, earnings per share was €0.20 compared to a loss per share of €2.32 in the nine months ended December 31, 2015.
  • EBITDA, which includes exceptional items and share based payment charges, was €189.2 million for the twelve months ended December 31, 2016 compared to an EBITDA loss of €292.3 million for the nine months ended December 31, 2015, primarily from the exceptional non-cash charges related to the Founder Preferred Shares Annual Dividend Amount of €349.0 million.