The Magnum Ice Cream Company (MICC) Conference presentation summary

Market overview and growth trends

• Global ice cream market valued at €80bn, growing at a 3-4% CAGR, and forms part of the €645bn global snacking market.

• Category is resilient with a long runway for structural growth, supported by increasing per capita consumption, especially in emerging markets.

• Three structural trends shaping the next decade: consumption headroom, GLP-1 reshaping consumption, and agentic commerce.

Leadership, brands, and distribution

• Holds #1 global leadership position with strong presence across key markets and leading brands such as Magnum, Ben & Jerry's, and Cornetto.

• Achieved €8bn revenue in FY25, with robust omni-channel distribution and leading positions in major retailers and rapid delivery platforms.

Financial performance and outlook

• Delivered 4.2% organic sales growth in FY25 and 4.7% in H1 2026, with positive growth across all regions.

• 2026 outlook reaffirmed: organic sales growth of 3-5%, adjusted EBITDA margin improvement of +40-60bps, and net finance cost of ~€160m.

• Targeting €0.8-1.0bn FCF in 2028 and 2029, with ROIC at 20%.