Magnum Ice Cream Co. N.V. (NL:MICC)
:MICC
Want to see NL:MICC full AI Analyst Report?
Earnings Data
Report Date
Jul 30, 2026Before Open (Confirmed)
Period Ending
2026 (Q2)Consensus EPS Forecast
0.69Last Year’s EPS
0.9Same Quarter Last Year
Based on 9 Analysts Ratings
Earnings Call Summary
Earnings Call Sentiment|Positive
The call presents a constructive operational story: solid top-line performance (4.2% organic growth), positive volume growth, brand-led innovation and clear execution (market share gains and expanded cabinets), backed by a productivity program that has already delivered meaningful savings and a staged plan to reinvest for growth. Offsetting these positives are significant near-term headwinds and technical impacts: exceptional commodity inflation (380 bps) in 2025, TSA-related margin effects and separation/demerger cash costs that materially depressed reported EBITDA and free cash flow in the near term, plus acquisition-related perimeter dilution from India. Management frames most negatives as transitional or non-recurring (TSAs, separation costs, commodity normalization expected) while highlighting 2026 guidance for 3–5% organic growth and a 40–60 bps comparable adjusted EBITDA margin improvement. Given the balance of durable operational strengths and clear mitigation plans versus largely transitional and explainable near-term financial impacts, the overall tone is positive but pragmatic and execution-focused.Company Guidance
Revenue and Organic Growth
Reported full-year revenue of EUR 7.9 billion with organic sales growth of 4.2% in 2025.
Volume Growth
Volume increased by 1.5% year-on-year, demonstrating demand resilience despite macro uncertainty and input cost pressures.
Regional Market Share and Country Wins
Gained share across most markets: U.S. market share +24 basis points with U.S. organic sales growth 1.7% and volume growth 1.8%; Europe/ANZ OSG 3.3% and 37 basis points of market share gains; EMEA (Asia, Middle East & Africa) delivered double-digit growth (10.9%) with ~4.5% volume growth and share gains in markets such as China, Turkey, Pakistan and Indonesia.
Brand and Innovation Momentum
Strong performance from flagship brands and new launches (Magnum Utopia/BonBons; Ben & Jerry’s share gains; Cornetto expansion; Heartbrand multi-layer stick scaling). Better-for-you formats expanded (Yasso +30% growth; Breyers CarbSmart growth) and faster idea-to-shelf execution (example: Magnum Dubai chocolate to Turkey in 6 months).
Productivity Program Progress
Structural productivity savings continued: management reported further savings of EUR 180 million in 2025 on top of EUR 70 million in H2 2024, bringing cumulative savings to EUR 250 million toward a EUR 500 million program (CFO also referenced EUR 72 million savings as planned in specific commentary).
Gross Margin Resilience (Operationally)
Despite a 380 basis point commodity inflation headwind, supply chain productivity (170 bps) plus selective pricing (230 bps) more than offset the raw material pressure; excluding FX translation, gross margin improved ~20 basis points operationally (reported gross margin down ~30 bps due to FX).
Balance Sheet and Financing
Net debt-to-adjusted EBITDA ended 2025 at 2.4x, in line with capital allocation policy. Debut bond issuance in Nov 2025 was oversubscribed over seven times, securing competitive financing as a stand-alone company.
Capital Allocation and Availability Expansion
Cabinet fleet expanded (around 3 million cabinets); cabinet CapEx up ~10% to support availability and out-of-home growth; overall CapEx stepped up to ~4.5% of sales (from ~3.5–4%), and sales force investments completed (dedicated ice cream sales force ~1,000 people).
NL:MICC Earnings History
Report Date | Fiscal Quarter | Forecast / EPS | Last Year's EPS | EPS YoY Change | Press Release | Slides | Play Transcript |
|---|---|---|---|---|---|---|---|
Jul 30, 2026 | 2026 (Q2) | 0.9 | ― | ― | ― | ||
Feb 12, 2026 | 2025 (Q4) | 0.207 | -61.35% (-0.13) |
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
NL:MICC Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
Feb 12, 2026 | €16.40 | €13.77 | -16.03% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
FAQ
When does Magnum Ice Cream Co. N.V. (NL:MICC) report earnings?
Magnum Ice Cream Co. N.V. (NL:MICC) is schdueled to report earning on Jul 30, 2026, Before Open (Confirmed).
What is Magnum Ice Cream Co. N.V. (NL:MICC) earnings time?
Magnum Ice Cream Co. N.V. (NL:MICC) earnings time is at Jul 30, 2026, Before Open (Confirmed).
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is the P/E ratio of Magnum Ice Cream Co. N.V. stock?
The P/E ratio of Magnum Ice Cream Co. N.V. is N/A.
What is NL:MICC EPS forecast?
NL:MICC EPS forecast for the fiscal quarter 2026 (Q2) is 0.69.