Nomad Foods, owner of Birds Eye and Iglo, plans to save €200m by 2028. The European frozen-food group aims to cut costs in procurement, logistics, and overheads. CEO Descheemaeker stated the company has stabilized market share despite facing challenges in 2025.

Last month, Nomad Foods revised its 2025 revenue and adjusted EBITDA forecasts due to weaker-than-expected results. The company projects flat or a possible 2% decrease in organic revenue for 2025. Additionally, Nomad Foods expects a 3-7% decline in annual adjusted EBITDA.

Nomad Foods targets 1-3% compound annual adjusted EBITDA growth from 2026 to 2028. The company aims to align organic sales growth with the European frozen category, which historically sees low-single-digit sales growth. The savings plan aims to mitigate inflation pressures and allow for targeted reinvestments.

Read more at Yahoo Finance: Nomad Foods unveils savings plan weeks after guidance cut