Frozen Food Company Nomad Overcomes ERP Hiccups With Solid Q3 Profit Growth, Cools 2024 Expectations
Frozen Food Company Nomad Overcomes ERP Hiccups With Solid Q3 Profit Growth, Cools 2024 Expectations
Adjusted EBITDA increased 19.0% to 166 million euros. Gross profitNomad Foods Limited (NYSE:NOMD) shares are trading higher on Thursday.
Nomad Foods Limited（纽交所：NOMD）的股票在周四上涨。
The company reported third-quarter sales growth of 0.8% year-on-year to 769.6 million euros. Revenue of $845.87 million missed the consensus of $862.89 million.
该公司报告第三季度销售同比增长0.8%，达到76960万欧元。营业收入84587万超过共识的86289万。
The company registered organic revenue growth of 0.3% with volume growth of 0.7%, despite an approximate 2.5% temporary headwind related to greater-than-expected ERP disruptions.
尽管由于超出预期的ERP干扰，公司经历了约2.5%的暂时逆风，但有机营业收入仍增长了0.3%，成交量增长了0.7%。
Adjusted EBITDA increased 19.0% to 166 million euros. Gross profit increased 14.5% to 248 million euros. Gross margin increased 390 basis points to 32.3% due to supply chain productivity, positive product mix performance as it invested in its core most profitable Must Win Battles, and lower than planned promotional investment as it curtailed in-market support to manage inventory during ERP transition.
调整后的息税折旧摊销前利润（EBITDA）增加了19.0%，达到16600万欧元。毛利润增长了14.5%，达到24800万欧元。毛利率因供应链生产力、积极的产品组合表现和降低的促销投资而增加了390个基点，毛利率达到32.3%。公司在核心最有利可图的需求战役中进行了投资，并减少了市场支持，以在ERP过渡期间管理库存。
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"The European Frozen category remains healthy, and our market share returned to volume and value growth this quarter as innovation, marketing and merchandising investments yield positive results," said Stéfan Descheemaeker, Nomad Foods' Chief Executive Officer.
Nomad Foods首席执行官Stéfan Descheemaeker表示：“欧洲冷冻食品类别依然健康，这个季度我们的市场份额恢复了成交量和价值增长，因为创新、市场营销和商品投资产生了积极的效果。”
Noam Gottesman, Nomad Foods' Co-Chairman and Founder, commented, "The new commercial flywheel and innovation framework that we adopted last year is bearing fruit and validated by our return to market share growth, notwithstanding the curtailed support levels due to ERP implementation in the period".
Nomad Foods的联席主席兼创始人Noam Gottesman评论道：“我们去年采用的新商业飞轮和创新框架开始见效，市场份额的增长证明了这一点，尽管由于ERP实施，支持水平有所降低。”
The company reported adjusted EPS of 0.55 euros, with $0.60 in U.S. dollars beating the street view of $0.58.
公司报告调整后的每股收益为0.55欧元，折合美元为0.60美元，超出了市场预期的0.58美元。
Outlook: Nomad Foods lowers its FY24 organic revenue growth forecast from 3-4% to 1-2%, citing ERP-related challenges in the third quarter and more conservative growth expectations for the rest of the year.
展望：nomad foods将其2024财年的有机营业收入增长预期从3-4%下调至1-2%，原因是第三季度面临ERP相关挑战，以及对今年余下时间的增长预期更加保守。
The company continues to expect full-year cash flow conversion in the range of 90% to 95% but lowered its adjusted earnings outlook for the full-year.
公司继续预计全年现金流转换将保持在90%到95%的区间，但下调了全年调整后盈利预期。
Price Action: NOMD shares are trading higher by 7.14% to $17.41 at last check Thursday.
价格动态：在上周四的最后一次检查中，NOMD的股份上涨了7.14%，至17.41美元。
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译文内容由第三方软件翻译。
