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Nomad Foods FY24 Adj. EPS Outlook $1.89 - $1.95 Vs. $1.92 Estimate

Author: Benzinga Newsdesk | February 29, 2024 07:50am

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%.

Posted In: NOMD