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Nomad Foods Reports Third Quarter 2016 Financial Results

Nov 29, 2016
Q3 2016 Earnings Press Release
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Q3 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 nine month periods ended September 30, 2016.

Nomad Foods is presenting consolidated operating results and financial information for the three and nine months ended September 30, 2016.

Highlights for the three months ended September 30, 2016

  • Revenue for the three months ended September 30, 2016 was €439.5 million, resulting in a €3.6 million profit after tax, which includes exceptional items and share based payment charges of €34.3 million.
  • For the three months ended September 30, 2015, revenue was €315.5 million, resulting in a profit after tax of €6.3 million, which includes exceptional items of €16.9m.
  • For the three months ended September 30, 2016, earnings per share was €0.02 compared to an earnings per share of €0.04 in the three months ended September 30, 2015.
  • EBITDA, which includes exceptional items and share based payment charges, was €50.8 million for the three months ended September 30, 2016 compared to an EBITDA of €44.6 million for the three months ended September 30, 2015.

Highlights for the nine months ended September 30, 2016

  • Revenue for the nine months ended September 30, 2016 was €1,442.5 million, resulting in a €38.5 million profit after tax, which includes exceptional items and share based payment charges of €113.1 million.
  • For the nine months ended September 30, 2015, revenue was €418.3 million, resulting in a loss after tax of €534.7 million, primarily resulting from exceptional non-cash charges related to the Founder Preferred Shares Annual Dividend Amount of €492.6 million.
  • For the nine months ended September 30, 2016, earnings per share was €0.21 compared to a loss per share of €5.17 in the nine months ended September 30, 2015.
  • EBITDA, which includes exceptional items and share based payment charges, was €149.7 million for the nine months ended September 30, 2016 compared to an EBITDA loss of €478.9 million for the nine months ended September 30, 2015, primarily from the exceptional non-cash charges related to the Founder Preferred Shares Annual Dividend Amount of €492.6 million.