Magnum Ice Cream Company offered summer boost with results gains

Magnum invested significantly in facilities at its Gloucester Walls ice cream site, which is a key location for its British operations. Pic: Magnum Ice Cream Company
The Magnum Ice Cream Company has unveiled its half-year results, which have show revenues of €4.6 billion for the first half of 2026, with growth of 4.2%, as consumer demand for premium ranges rises, writes Neill Barston.
Significantly, the group completed its much-observed de-merged from parent group Unilever in December 2025, with this year’s performance being the first as a stand alone business.
With major brands including Magnum, Ben & Jerry’s, Walls and Cornetto within its portfolio, the company has projected confidence in its continued expansion around the world.
As the business noted, all three of its core operating regions contributed to an upturn in performance, including Europe, up 4.1%, America, 3.2% and even greater results for Asia and Africa, with results up 7.6%.
Moreover, with significant investments in the business, including for its Walls production location in Gloucester, with a £50 million extension to the 1950s founded site opening towards the end of last year for the site, which delivers some 600 million ice creams a year.
Peter ter Kulve, CEO, believed its enhanced underlying organic growth figures were an encouraging sign for the remainder of the year.
HE commented: ““We delivered another solid performance for the first half, achieving growth of 4.7%, balancing volume and value to outperform the growing global ice cream category.
“Growth in the first half continued to be powered by market-making innovation and our occasion-led demand creation model. Each of our four leading brands – Magnum, Ben & Jerry’s, Cornetto, and the Heartbrand – grew, with innovation across flavours and formats, exciting consumers and customers. Ben & Jerry’s grew mid-single-digit and had an outstanding second quarter with 9.2% growth. Yasso, our high-protein, low-calorie offering, continued to grow double-digit after its successful expansion from sticks to pints.
“Our key summer selling season got off to a strong start. We grew and gained share in all regions, including the US – our biggest market – supported by improved operational rigour.”
He added that its productivity programme remains on track, helping the business deliver underlying margin improvement and providing fuel for growth across its operations.
In his view, this demonstrated the strength of our frontline-first model and ownership culture, which is driving better delivery of results, which he believed would continue on an upward trajectory.






