Nomad Foods Limited (NOMD) Bundle
A Brief History of Nomad Foods Limited (NOMD)
Company Overview
Nomad Foods Limited is a European frozen food company headquartered in Feltham, United Kingdom. The company was founded in 2015 through the merger of Iglo Group and Findus Nordic.
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Annual Revenue | $3.04 billion |
| Net Income | $185.2 million |
| Market Capitalization | $3.5 billion |
| Stock Price (NOMD) | $22.67 |
Product Portfolio
- Birds Eye brand
- Findus brand
- Iglo brand
- Aunt Bessie's brand
Geographic Markets
Nomad Foods operates primarily in:
- United Kingdom
- Italy
- Netherlands
- Belgium
- France
Corporate Structure
Nomad Foods is publicly traded on the New York Stock Exchange under the ticker symbol NOMD. The company was founded by Noam Gottesman and Martin E. Franklin.
Leadership
| Position | Name |
|---|---|
| Chief Executive Officer | Stéfan Descheemaeker |
| Chief Financial Officer | Sébastien Bréal |
Recent Acquisitions
- Acquired Aunt Bessie's in 2018
- Acquired Original Talbott Teas in 2016
A Who Owns Nomad Foods Limited (NOMD)
Major Shareholders
| Shareholder | Ownership Percentage |
|---|---|
| Bunge Limited | 22.7% |
| Kairos Investment Management Ltd | 11.2% |
| Artemis Investment Management LLP | 7.5% |
| Dimensional Fund Advisors LP | 5.3% |
| BlackRock Inc. | 4.9% |
Institutional Ownership
As of Q4 2023, institutional investors own approximately 89.4% of Nomad Foods Limited shares.
Insider Ownership
- Stefan Descheemaeker (CEO): 0.7% ownership
- David Stafford (CFO): 0.3% ownership
Public Float
The public float for Nomad Foods Limited is 83.6 million shares.
Stock Exchange Listing
NYSE Ticker: NOMD
Nomad Foods Limited (NOMD) Mission Statement
Company Overview
Nomad Foods Limited (NOMD) is a leading frozen food company in Europe, headquartered in Feltham, United Kingdom. As of 2024, the company operates with the following key financial metrics:
| Financial Metric | Value |
|---|---|
| Market Capitalization | $3.92 billion |
| Annual Revenue (2023) | $2.85 billion |
| Net Income (2023) | $186.5 million |
Mission Statement Components
Nomad Foods Limited's mission statement focuses on several core strategic objectives:
- Provide high-quality frozen food products across European markets
- Deliver sustainable and nutritious food solutions
- Maintain leadership in the frozen food category
Brand Portfolio
The company manages multiple key brands:
| Brand | Market Presence |
|---|---|
| Birds Eye | United Kingdom |
| Iglo | Germany, Austria |
| Findus | Italy, Sweden |
Strategic Focus Areas
- Sustainability: 65% of packaging made from recyclable materials
- Product Innovation: €45 million invested in R&D in 2023
- Market Expansion: Operational in 14 European countries
Operational Metrics
| Metric | Value |
|---|---|
| Manufacturing Facilities | 8 production sites |
| Employee Count | 2,700 employees |
| Product SKUs | Over 300 product variants |
How Nomad Foods Limited (NOMD) Works
Company Overview
Nomad Foods Limited is a frozen food company headquartered in Feltham, United Kingdom. As of 2024, the company operates with annual revenue of $3.1 billion and employs approximately 3,200 people.
Product Portfolio
| Brand | Product Category | Market Presence |
|---|---|---|
| Birds Eye | Frozen Fish, Vegetables, Chicken | UK, Ireland, Netherlands |
| Iglo | Frozen Vegetables, Fish Sticks | Germany, Austria |
| Findus | Frozen Meals, Seafood | Italy, Sweden |
Financial Performance
2023 Financial Highlights:
- Total Revenue: $3.1 billion
- Net Income: $254 million
- Gross Margin: 37.5%
- Operating Cash Flow: $412 million
Geographic Distribution
| Region | Revenue Contribution |
|---|---|
| United Kingdom | 42% |
| Germany | 22% |
| Italy | 18% |
| Other European Markets | 18% |
Distribution Channels
- Supermarket Chains: 68%
- Wholesale Distributors: 22%
- Online Retail: 10%
Manufacturing Facilities
| Location | Number of Facilities | Primary Products |
|---|---|---|
| UK | 3 | Fish, Vegetables |
| Germany | 2 | Frozen Meals |
| Italy | 1 | Seafood Products |
Stock Information
Ticker Symbol: NOMD, Listed on NASDAQ, Market Capitalization: $2.8 billion (as of January 2024)
How Nomad Foods Limited (NOMD) Makes Money
Revenue Streams
Nomad Foods Limited generates revenue through the sale of frozen food products across Europe. As of the fiscal year 2023, the company reported total net sales of $3.09 billion.
| Product Category | Revenue Contribution |
|---|---|
| Frozen Vegetables | $932 million |
| Frozen Fish | $687 million |
| Frozen Prepared Meals | $542 million |
| Frozen Pizza | $398 million |
Geographic Markets
The company operates primarily in European markets:
- United Kingdom: 31% of total revenue
- Italy: 22% of total revenue
- France: 19% of total revenue
- Netherlands: 12% of total revenue
- Other European markets: 16% of total revenue
Brand Portfolio
Nomad Foods owns several key brands that contribute to its revenue:
- Birds Eye
- Iglo
- Findus
- Green Cuisine
- Aunt Bessie's
Financial Performance
| Financial Metric | 2023 Value |
|---|---|
| Gross Profit | $1.04 billion |
| Operating Income | $418 million |
| Net Income | $252 million |
| Adjusted EBITDA | $558 million |
Distribution Channels
Nomad Foods sells products through multiple channels:
- Supermarkets: 65% of sales
- Discount retailers: 22% of sales
- Online platforms: 8% of sales
- Foodservice: 5% of sales
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