UK frozen foods company Nomad Foods saw its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) jump 18 percent in the first quarter of 2019.
Adjusted EBITDA in the first quarter was €122 million ($136.5 million) after adopting IFRS 16, a new lease accounting standard which requires certain operating leases to be capitalized on the balance sheet.
Revenues jumped 15 percent to €618 million ($691.5 million) compared to last year according to first quarter results.
The group also saw organic revenue growth of 0.9
