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Ice Cream Maker Magnum's Shares Slump as Debut Results Underwhelm
Magnum Ice Cream's profit dropped nearly 49% to €307 million due to demerger-related costs, but it projects 3% to 5% organic sales growth in 2026, the CEO said.
- On Thursday, The Magnum Ice Cream Company reported full-year net profit fell 48.4% to €307m and free cash flow slumped to €38m after its December spinoff.
- Magnum attributed the decline to separation, restructuring and finance costs tied to the demerger, including a net €118 million increase in separation and restructuring charges and net debt nearing 3 billion.
- The company pointed to recent product launches and a 2026 outlook of 3% to 5% organic growth, with revenue held at €7.9 billion and sales up 2.7% in Europe, Australia and New Zealand.
- Shares plunged about 15%, with investors unimpressed by profit and cash-flow declines, while Dan Coatsworth said, `The spin-off from Unilever meant the results were always likely to be messy` and CEO Peter ter Kulve downplayed the slide.
- A governance dispute has deepened, with Ben & Jerry's co-founder Jerry Greenfield quitting and board members being removed last year, while Peter ter Kulve stressed the brand will not be sold.
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On the spin off of Unilever weighs the Ozempic case
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Ice cream maker Magnum's shares slump as debut results underwhelm
Magnum Ice Cream's shares fell sharply on Thursday after the company reported a 48.4% drop in full-year net profit and lower-than-expected sales growth in its first set of results since a spin-off from Unilever in December.
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Magnum Ice Cream Q4 Earnings Call Highlights
Magnum Ice Cream (NYSE:MICC) reported full-year 2025 results in its first annual earnings webcast as a standalone public company, describing the year as “foundational” amid what management called unprecedented commodity inflation. Chief Executive Officer Peter ter Kulve and Chief Financial Officer A
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Total News Sources13
Leaning Left1Leaning Right2Center6Last UpdatedBias Distribution67% Center
Bias Distribution
- 67% of the sources are Center
67% Center
11%
C 67%
R 22%
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