Nomad Foods Says We Expect To End 2023 With Revenues In Line With Our Previous Guidance Of Mid-Single Digit Organic Growth, While Full Year Adjusted EPS, Adjusted Cash Flow, And Adjusted Cash Flow Conversion Are Expected To Be Above Our Previous Guidance Of €1.57- €1.60, €250 Million, And 90% - 95%, Respectively
Portfolio Pulse from Benzinga Newsdesk
Nomad Foods projects to conclude 2023 with revenues matching its prior mid-single digit organic growth forecast. Additionally, the company anticipates surpassing its previous guidance for full-year adjusted EPS (€1.57- €1.60), adjusted cash flow (€250 million), and adjusted cash flow conversion (90% - 95%).
February 21, 2024 | 10:34 pm
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Nomad Foods anticipates meeting its 2023 revenue growth targets and exceeding its initial projections for adjusted EPS, cash flow, and cash flow conversion.
The positive outlook provided by Nomad Foods regarding its revenue alignment with previous guidance and the expected outperformance in adjusted EPS, cash flow, and cash flow conversion rates for the full year of 2023 suggests a strong financial health and operational efficiency. This news is likely to be received positively by investors, potentially leading to an increase in stock price in the short term.
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