Magnum Ice Cream Raises 2026 Sales Growth Outlook After Strong Third Quarter
The company increased its annual organic growth forecast to about 5.5% after quarterly volume growth accelerated and a prolonged European summer boosted demand.
The Magnum Ice Cream Company raised its full-year 2026 organic sales growth outlook to approximately 5.5%, up from its previous forecast range of 3% to 5%, following stronger third-quarter trading.
Revenue for the quarter reached approximately €2.5 billion, an increase of 12.1% on a reported basis from a year earlier. Organic sales growth was 9.6%, comprising 7.3% volume growth and 2.2% price growth under the company's reporting methodology. Organic growth strips out effects such as acquisitions and foreign-exchange movements, so it differs from reported revenue growth.
The company recorded positive organic sales growth across Europe and Australia-New Zealand, the Americas, and its Asia, Middle East and Africa region. Management estimated that an extended European summer added two to three percentage points to quarterly growth, a temporary factor that may not recur.
The group said innovation across its major brands and its productivity programme contributed to performance. It maintained its existing margin guidance while upgrading the sales forecast. The revised 5.5% figure remains management's expectation for the full year, rather than an achieved result. The latest trading update was released on October 29.
AI assistance was used in preparing this report. Fast News remains responsible for its editorial verification and publication.
Spotted an error? Request a correction · Our editorial principles · Contact the newsroom