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Nomad Foods Reports 2Q2019 Strong Results

The Iglo, Findus and Birds Eye brand owner saw revenue lift 10% to €538 million

European frozen food giant Nomad Foods reported its tenth consecutive quarter of organic revenue growth for the second quarter of 2019. The Iglo, Findus and Birds Eye brand owner saw revenue lift 10% to €538 million; profit of €46m; EBITDA of €98m, up 10% from Q2 2018.

Stefan Descheemaeker, Nomad Foods’ CEO, rated the second quarter as "strong". “Performance continues to be fueled by investments that we have been making in our brands, people and capabilities, combined with an unwavering commitment to superior execution. Our core portfolio continues to outperform the frozen food category. Meanwhile, the firm is developing a pipeline of adjacent new product lines such as its plant protein sub-brand, Green Cuisine, which will complement the core and help deliver growth for years to come", he said.

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© EFA News - European Food Agency Srl

Cheese and dairy productsBrands and transformation deliver strong 2019 results for Arla

Arla’s branded sales volume grew 5.1 per cent in 2019

In 2019 farmer-owned Arla Foods exceeded expectations for global branded sales whilst simultaneously transforming its business securing cost-savings at the top end of expectations through the Calcium programme. This enabled Arla to deliver a stable milk price to its farmers owners and a strong cash flow further strengthened the company’s investment power in future growth. more