The Magnum Ice Cream Company posted first-half core earnings above analyst expectations on July 30, driven by cost cuts since its 2025 spinoff from Unilever and a heatwave-driven summer surge for Ben & Jerry's. Revenue reached €4.7 billion, up from €4.5 billion a year earlier, with organic sales growth of 4.7% across every region, while adjusted EBIT climbed 7.5% to €716 million, though separation costs pulled net profit down to €349 million. Ben & Jerry's led the gains, accelerating to 9.2% growth in the second quarter as new stick and sandwich formats attracted buyers in the Americas and Europe. A productivity programme launched in 2024 delivered €90 million in first-half savings, mostly from the supply chain, and a favorable working capital swing nearly doubled free cash flow to €273 million. Management reaffirmed full-year guidance of 3% to 5% organic sales growth as the company enters peak summer demand.
Unilever PLC
Unilever PLCThe Magnum Ice Cream Company N.V.Beat first-half earnings forecasts with higher EBIT and free cash flow, driven by cost cuts and strong sales.