Q1 2026 Trading Update

The Magnum Ice Cream Company N.V. reported a solid start to 2026 with Q1 revenue of €1.770bn, a slight decrease from €1.792bn in Q1 2025. The company achieved 4.5% organic sales growth (OSG), driven by a 2.9% increase in volume and a 1.6% increase in price. Reported revenue growth was impacted by a -5.5% foreign exchange translation effect. Acquisitions in India and Portugal were completed, and the company is on track with its productivity program. All regions contributed to positive growth, with notable strength in the US and Europe. Digital commerce maintained double-digit growth. The company reaffirms its full-year guidance of 3-5% organic sales growth and underlying margin improvement of 40-60bps. Challenges include increased energy costs and geopolitical uncertainty, which are being mitigated.