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Financial

Nomad Foods Reports Third Quarter 2015 Financial Results

Nov 16, 2015
Q3 2015 Earnings Press Release
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Q3 2015 Earnings Presentation
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Nomad Foods Limited (“Nomad Foods”) (LSE: NHL), today issues the following trading update for the three, six and nine month periods ended September 30, 2015.

Reported Results

Nomad Foods acquired Iglo Foods Holdings Limited and its subsidiaries (the “Iglo Group”) on June 1, 2015. Prior to June 1, 2015 Nomad Foods did not have any operations. Accordingly, Nomad Foods’ reported results for the six months ended September 30, 2015 include the results of the Iglo Group from June 1, 2015 only.

Please read these in conjunction with the Nomad Foods Limited Condensed Consolidated Interim Financial Information (unaudited) for the six months ended September 30, 2015 issued today.

Highlights for the three months ended September 30, 2015

  • Revenue for the three months ended September 30, 2015 was €315.5 million resulting in a €6.3 million profit after tax. For the three months ended September 30, 2014, revenue was nil, resulting in a loss after tax of €0.3 million.

Highlights for the six months ended September 30, 2015

  • Revenue for the six months ended September 30, 2015 was €418.3 million resulting in a loss after tax of €390.3 million, primarily resulting from non-cash charges related to the Founder Preferred Shares Annual Dividend Amount of €349.0 million and costs of €29.4 million relating to the acquisition of the Iglo Group. For the six months ended September 30, 2014, revenue was nil resulting in a loss after tax of €23.1 million, primarily due to non-cash charges related to the Founder Preferred Shares Annual Dividend Amount.