Nomad Foods Reiterated FY24 Organic Revenue Growth of 3%-4% YoY, Adj EPS of $1.87-$1.93 Vs $1.77 Est
$NOMD
Packaged Foods
Consumer Staples
2024 Guidance
For the full year 2024, the Company continues to expect organic 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 May 1st, this translates into 2024 Adjusted EPS of $1.87-$1.93. The Company expects full year cash flow conversion in the range of 90% to 95%.