European frozen foods giant Nomad Foods saw its adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) rise 14 percent in the third quarter of 2019.
Nomad, which holds the Birds Eye, Iglo and Findus brands, posted adjusted EBITDA in the third quarter of €96 million ($106.4 million), taking into account IFRS 16, a new lease accounting standard that requires certain operating leases to be capitalized on the balance sheet.
