Nomad Foods

Nomad Foods Limited (NYSE: NOMD) is Europe's leading frozen food company. Founded in 2015 following the acquisition of Iglo Group, Nomad Foods has grown to become a major player in the European frozen food market with annual revenues of approximately EUR 3 billion as of December 2023.

Nomad Foods' portfolio includes iconic brands such as Birds Eye, Findus, Iglo, Ledo and Frikom. The company's products span multiple categories including:

• Fish products - fish fingers, battered and breaded fish

• Fresh frozen vegetables - peas, spinach

• Ready meals

• Chicken products - chicken nuggets

• Plant-based products

• Pizza

• Potato products

Headquartered in the UK, Nomad Foods operates across Europe with a presence in markets such as the UK, Germany, Italy, France, Spain, and the Adriatic region. The company employs approximately 3,800 people across 17 countries and operates nine manufacturing facilities.

In 2023, Nomad Foods continued to focus on organic growth and operational efficiency. The company reported organic revenue growth of 4.9% for the full year 2023. Looking ahead to 2024, Nomad Foods expects 3-4% organic revenue growth driven by positive volume/mix trends. The company is increasing investments in marketing and innovation to drive growth while also pursuing productivity initiatives to manage costs. Nomad Foods also announced plans to initiate a quarterly dividend in 2024, reflecting confidence in its cash generation capabilities.