Magnum Ice Cream Q1 Organic Sales Up 4.5% Despite 5.5% FX Headwind
Magnum Ice Cream Company posted Q1 revenue of €1.770bn with 4.5% organic sales growth driven by volume (+2.9%) and price (+1.6%), while reported revenue fell 1.2% due to a 5.5% forex headwind. The India and Portugal acquisitions closed by April 1, and full-year organic growth guidance of 3–5% was reaffirmed.
1. Q1 Performance
Revenue reached €1.770bn with organic sales growth of 4.5% (volume +2.9%, price +1.6%), while reported revenue declined 1.2% owing to a 5.5% foreign exchange headwind.
2. Acquisitions Completed
The company finalized the acquisitions of its India business on March 30 and Portugal marketing and sales entity on April 1, with results to be reflected in Group reported figures from Q2 onwards.
3. Productivity Programme Progress
The productivity programme delivered savings across the supply chain and organizational simplification, positioning the company to offset rising energy, packaging and freight costs through mitigating actions.
4. Full-Year Guidance Reaffirmed
Full-year outlook maintained at 3–5% organic sales growth and adjusted EBITDA margin improvement of 40–60bps on a comparable perimeter basis, with benefits expected to be weighted more heavily in the second half of 2026.