Quarterly ResultApr 30, 2026, 02:01 AM
MICC Q1 Organic Sales +4.5%; Revenue €1.770B; FY Guidance Reaffirmed
AI Summary
Magnum Ice Cream Co N.V. reported a solid Q1 2026 with €1.770 billion in revenue. Organic sales grew by 4.5% year-on-year, reflecting healthy contributions from both volume (+2.9%) and price (+1.6%) across all regions. Reported revenue, however, declined by 1.2% due to a significant -5.5% negative foreign exchange translation impact. The company completed acquisitions in India and Portugal and is on track with its productivity program. MICC reaffirmed its full-year 2026 outlook, expecting organic sales growth of 3-5% and an underlying Adjusted EBITDA margin improvement of 40-60bps.
Key Highlights
- Q1 2026 Revenue: €1.770 billion (Q1 2025: €1.792 billion).
- Organic Sales Growth (OSG): +4.5% YoY, driven by +2.9% volume and +1.6% price.
- Reported revenue growth: -1.2% YoY, impacted by -5.5% foreign exchange translation.
- Acquisitions of India and Portugal completed on March 30 and April 1, 2026.
- Reaffirmed FY 2026 outlook: OSG 3-5% and underlying Adjusted EBITDA margin improvement of 40-60bps.
- Europe & ANZ OSG: +4.0%; Americas OSG: +2.6%.