Nomad has previously been linked to rumoured deal-making in the US, for instance. It also views acquisitions as a means to extend Nomad’s geographical reach and open up new markets. The company has said that it sees M&A as an avenue to deliver further growth.Īt the group’s investor day, management said that it will participate in the consolidation of the European frozen food segment. Nomad already accounts for 14% of the western European savoury frozen food market, a category that the company described in an investor event last year as “resilient and growing”. With “strong organic revenue growth momentum” secured, Gottesman said the “time is right” to expand into “ new strategic categories such as pizza”, which offer adjacent avenues for growth and synergies. Noam Gottesman, Nomad Foods’ co-chairman and founder, commented: “Over the past two years, Stefan and the team have successfully integrated two of Europe’s largest frozen food businesses while strengthening the core product offering.” The company, which will deliver its results in March, raised its organic growth outlook from 3% to 5% and lifted its adjusted EBITDA expectations to €328m versus the prior expectation of approximately €325-327m. However, a focus on its iconic core brands and “must win battles” enabled Nomad to claw back the initiative in 2017, when it was able to accelerate organic growth from 1.1% in the first quarter, to 3.5% in Q2 and 5.9% in Q3.įurther proof that the turnaround is gaining steam came yesterday when Nomad increased its full-year forecasts. Throughout 20, the company’s organic growth rate remained stubbornly negative. Nomad's "must win" brands have seen organic growth accelerate at a faster pace. ![]() ![]() Emulsifiers, stabilisers, hydrocolloids.Chocolate and confectionery ingredients. ![]() Carbohydrates and fibres (sugar, starches).
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