3Q17 - Sound organic sales growth; EBITDA guidance slightly raised
Nomad Foods, the largest producer of branded frozen foods in Western Europe (Iglo and Findus brands), has released encouraging underlying results for 3Q17, leading management to slightly raise EBITDA guidance for the full year. Organic sales growth accelerated further to 5.9% yoy in Q3 (after 3.5% in Q2 and 1.1% in Q1), against 4% for Nomad’s relevant market as the group is capturing market share (taking only the categories in which the group is present).
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