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Revenue and volumes declined: Organic revenue fell 2.9% and volume dropped 5.9%, mainly because retailer disputes caused out-of-stocks and reduced promotions in Germany and France. Nomad said shelves are being replenished and market-share trends are beginning to improve.
Margins benefited from pricing and productivity: Adjusted gross margin expanded 110 basis points, while productivity initiatives offset more than 60% of inflation year to date. However, adjusted EBITDA declined 4.3% and adjusted EPS fell slightly to EUR 0.39.
Outlook was largely maintained but EPS was cut: Nomad reaffirmed its full-year revenue and EBITDA decline forecasts but lowered adjusted EPS guidance to EUR 1.38–EUR 1.53 because of higher interest costs following its debt refinancing. The company is prioritizing debt reduction and extended its debt maturities, with no meaningful maturities until 2032.
3 Underfollowed Stocks Wall Street Still Likes—And for Good Reason
#nomad #fell
Revenue and volumes declined: Organic revenue fell 2.9% and volume dropped 5.9%, mainly because retailer disputes caused out-of-stocks and reduced promotions in Germany and France. Nomad said shelves are being replenished and market-share trends are beginning to improve.
Margins benefited from pricing and productivity: Adjusted gross margin expanded 110 basis points, while productivity initiatives offset more than 60% of inflation year to date. However, adjusted EBITDA declined 4.3% and adjusted EPS fell slightly to EUR 0.39.
Outlook was largely maintained but EPS was cut: Nomad reaffirmed its full-year revenue and EBITDA decline forecasts but lowered adjusted EPS guidance to EUR 1.38–EUR 1.53 because of higher interest costs following its debt refinancing. The company is prioritizing debt reduction and extended its debt maturities, with no meaningful maturities until 2032.
3 Underfollowed Stocks Wall Street Still Likes—And for Good Reason
#nomad #fell
3 months ago
