Magnum Ice Cream reaffirms FY outlook for 3%-5% organic sales growth, margin improvement

• Magnum Ice Cream reaffirmed FY 2026 organic sales growth outlook of 3%-5%.
• Adjusted EBITDA margin expected to improve 40-60 bps on a comparable perimeter basis.
• Reported Adjusted EBITDA margin improvement forecast at 0-20 bps, mainly reflecting acquisition of India business.
• Q1 revenue totaled EUR 1.77 billion, with organic sales growth of 4.5% driven by 2.9% volume growth.
• Management expects margin gains to be weighted to second half of 2026 due to TSA phasing and cocoa pricing benefits.

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