Nomad Foods FY24 Adj. EPS Outlook $1.89 - $1.95 Vs. $1.92 Estimate
$NOMD
Packaged Foods
Consumer Staples
2024 full year guidance
For the full year 2024, the Company expects organic net revenue growth of 3%-4%, driven by positive volume/mix, adjusted EBITDA growth of 4%-6%, and adjusted EPS of €1.75-€1.80, implying growth of 9-12%. Based on USD/EUR exchange rate as of February 17th, this translates into 2024 adjusted EPS of $1.89-$1.95. The Company expects full year cash flow conversion in the range of 90% to 95%.