Magnum Ice Cream Company reports 7.1% sales growth in H1 2025

UK – The Magnum Ice Cream Company, a division of Unilever, has reported 7.1% sales growth, driven by innovative launches and strong demand across Europe and North America.
There was a 5.0% Volume Growth in Q2, and 5.9% USG and 3.8% across H1. The company stated that this performance and business success are powered by its 19,000 passionate colleagues worldwide.

“We’re seeing strong momentum across Europe, Australia & New Zealand, Asia, and Türkiye, while growth in the Americas was more modest due to softening market conditions. Our innovation pipeline continues to excite from Magnum Utopia and Bon Bon across Europe to Yasso Poppables in the United States and Wall’s Bites in Asia. Cornetto Max and Talenti Layers are also expanding our premium offerings to consumers,” the company stated.

Ice Cream demerger

During the H1 2025 report, Unilever stated that the Ice Cream began operating on a standalone basis on 1st July and is on track to complete the demerger in mid-November 2025.

Unilever stated that the demerger would transform it into a more focused organisation and create a world-leading Ice Cream business, The Magnum Ice Cream Company.

The Magnum Ice Cream Company (TMICC) will be led by Peter ter Kulve as CEO and Abhijit Bhattacharya as CFO. Jean-François van Boxmeer, TMICC’s Chair Designate, is in the process of appointing Non-executive Directors of the Board of TMICC, to be announced during Q3.

Additionally, TMICC will hold a Capital Markets Day in London on 9th September, where it will set out its business strategy and investment case.

In association with the demerger, Unilever will publish a Shareholder Circular in October which will set out formal information on the demerger. Prospectuses will be published around one week before the demerger and listing date, which are expected in mid-November.

Upon demerger, Unilever will retain a <20% stake in TMICC, subject to regulatory approvals, for a period of up to five years.

Over time, the retained stake will be sold down in an orderly and considered manner to pay separation costs and maintain capital flexibility through a reduction in net debt. The retained stake demonstrates our support and belief in TMICC.

Subject to shareholder approval, Unilever intends to consolidate its share capital following completion of the demerger.

This share consolidation, which will reduce the total number of shares in issue, is designed to maintain comparability between Unilever’s share price, earnings per share and dividends per share before and after the demerger.

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