First-half adjusted EBIT rose 7.5% to €716 million as organic sales grew 4.7% amid record summer temperatures.
Magnum Ice Cream Company reported first-half earnings above expectations, driven by cost cuts and a heatwave-fueled surge in demand. Revenue climbed to €4.7 billion from €4.5 billion a year earlier, with organic sales growth of 4.7% across all regions. Adjusted EBIT increased 7.5% to €716 million, though net profit fell to €349 million due to separation costs from Unilever.
Ben & Jerry’s led growth with a 9.2% rise in the second quarter, supported by new product formats and sustained heat across Europe. The company’s productivity program, launched in 2024, delivered €90 million in first-half savings, bolstering margins. All core brands, including Magnum and Cornetto, posted gains, while Yasso maintained double-digit growth.
The results reflect broader seasonal trends in cooling-related stocks, with the company’s frontline-first operating model credited for the performance.