Findus and Birds Eye Foods, which owns Nomad, is looking at potential acquisitions, after recording a 22.6% drop in profits in Q4 2016. Across the full year, the company's gross profit fell 5.6% to €840,000 ($898,000). However, CEO Stefan Descheemaeker was upbeat about Findus and Birds Eye's fortunes, saying the company would consider acquisitions in 2017 and beyond as it had slowed the rate of decline in top-line sales.
Nomad Foods, which owns Findus and Birds Eye, is looking at potential acquisitions, after recording a 22.6% drop in profits in Q4 2016. Across the full year, the company's gross profit fell 5.6% to €840,000 ($898,000). However, CEO Stefan Descheemaeker was upbeat about Nomad's fortunes, saying the company would consider acquisitions in 2017 and beyond as it had slowed the rate of decline in top-line sales.