Nomad Foods reveals the savings plan after weeks after lowering the directions

Birds Eye and Iglo Owner Nomad Foods want to get 200 million euros (233.1 million dollars) at savings by the end of 2028.

The frozen European food group reaches savings in purchases, logistics and public expenditures.

Nomad Foods announced today (September 3) before its administration appeared at a conference of investors in the United States and weeks after the company reduced its sales and annual profits.

The UK -based business said it has created a “efficiency program” designed to generate 200 million euros from “operational savings” over the 2026 financial years to 2028.

Nomad Foods said that it is expected that the savings are “broad -base”, but it confirms that the biggest contribution will come from the “Transformation” program in purchases

The company also wants to improve its “use” of its manufacturing network, reduce the costs of logistics and “open efficiency”.

Nomad Foods believes that savings will allow the company to conduct a “targeted reuse” and “reduce” inflation.

“While we faced challenges in 2025, we are proud that we have successfully settled in their market share, indicating that our commercial budget wheel is working,” said CEO, Stéfan Descheeaker, said.

Last month, Nomad Foods Reference Its revenues and modified EBITDA expectations for 2025, citing the results of the first half of the expected.

“It was proven that it was more challenging than expected,” Descheeemaker said at the time 2025.

The works expected that its organic revenues in the whole year will be at best flat in 2025, or in the worst case, decrease by 2 %. He was Previous expectations A set of flat to increase 2 %.

Nomad Foods sees an annual decrease in Ebitda 3-7 %, decreasing from its previous forecasts from an apartment to 2 %.

The company said today that it aims to “grow profits before the annual interest, taxes, and Al-Hallaika from 1-3 % during the period from 2026 to 2028.

It does not direct specific revenue goals, but it aims to develop organic sales in line with the frozen European category. Quoted from Globaldata, Nomad Foods said that the market “is historically grown in sales in a low range of number.”

“Nomad Foods reveals the savings plan after weeks after reducing the direction” was originally created and published Just foodThe brand owned by Globaldata.

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