Magnum reported strong sales growth in the first half of 2026, with revenue reaching €4.7 billion, a 4.2 percent increase compared to the same period last year. The rise in sales was largely driven by a Europe-wide heatwave that boosted consumer demand for ice cream products, leading to gains in both volume and pricing. The company, which recently separated from Unilever, experienced growth in sales and market share across all regions.

The ice cream brand saw robust performance from several of its key product lines. Ben & Jerry’s sales increased by 9.2 percent in the second quarter, supported by the launch of new products including ice-cream cookie sandwiches. Additionally, Yasso, a line of high-protein, low-calorie frozen yoghurt, continued to experience double-digit growth, particularly following the introduction of one-pint fridge packs.

Peter ter Kulve, Magnum’s chief executive, noted that the company’s summer selling season began strongly, with growth and market share gains reported worldwide. The spin-off has also focused on cost efficiency, aiming to reduce expenses by €500 million over the medium term. During the first half of 2026, the company achieved €90 million in savings through measures such as cutting waste, streamlining supply chains, and lowering overhead costs.

Despite strong top-line performance, Magnum’s net profit fell to €115 million, down from €464 million in the comparable period last year. The decline was attributed to higher financing and restructuring charges following its separation from Unilever, as well as inflationary pressures in Turkey that contributed to devaluation of the Turkish lira.

Market analysts from ING attributed the sales success to a combination of increased volumes and improved pricing and product mix. Since its initial public offering in Amsterdam at €12.80 last December, Magnum’s shares have risen by nearly 25 percent, closing at €16.16 on the latest trading day.