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Nomad Foods Reiterated FY24 Organic Revenue Growth of 3%-4% YoY, Adj EPS of $1.87-$1.93 Vs $1.77 Est

Author: Benzinga Newsdesk | May 09, 2024 06:54am

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%.

Posted In: NOMD