Nomad Foods lowers guidance amid economic uncertainty

Nomad Foods has lowered its full-year 2025 gross and adjusted EBITDA guidance, citing macroeconomic uncertainty and different challenges.

The UK-based frozen foods institution expects integrated gross maturation of 0%-2%, down from the erstwhile forecast of 1%-3%.

Adjusted EBITDA maturation is besides projected to dilatory to 0%-2%, compared with the earlier guidance of 2%-4%.

Adjusted EPS is present anticipated to beryllium betwixt €1.82 ($2.05) and €1.89, implying maturation of 2%-6%, somewhat beneath the little extremity of the erstwhile scope of €1.85 to €1.89.

The proprietor of the Findus, Iglo and Ledo frozen nutrient brands attributed the revision to respective factors, including “greater than expected retailer inventory destocking, higher input-cost inflation, and macro uncertainty”.

Nomad Foods said its ongoing reinvestment successful brands and products has besides influenced the revised fiscal outlook, which was released alongside its first-quarter results.

Stéfan Descheemaeker, Nomad Foods CEO, added that top-line maturation is expected to “accelerate passim the remainder of the year”, though the institution does not expect recovering the destocking-related losses incurred betwixt January and March.

For the archetypal quarter, Nomad Foods reported gross €760m, a alteration of 3% compared to past twelvemonth and a 3.6% diminution successful integrated terms. Volumes dropped 3.7%.

Gross nett during the play accrued by 0.3% to €212m, with a gross borderline emergence of 90 ground points to 27.8%.

Nomad Foods attributed the betterment successful gross borderline to proviso concatenation productivity and the lapping of inventory revaluation headwinds from the erstwhile year.

Adjusted EBITDA for the archetypal 4th declined 1.8% to €120m, portion adjusted EPS fell 5.4% to €0.35.

Nomad Foods co-chairman and laminitis Noam Gottesman said: “Quarterly results tin beryllium choppy but the frozen nutrient class successful Europe is healthy, Nomad Food's starring brands are beardown and its portfolio remains good positioned for evolving user trends.”

Commenting connected tariffs, Descheemaeker said determination is “no nonstop impact” astatine present.

However, helium said that the macro situation is becoming “increasingly uncertain”, and the institution expects further increases successful immoderate input costs.

"Nomad Foods lowers guidance amid economical uncertainty " was primitively created and published by Just Food, a GlobalData owned brand.

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