Unilever’s ice cream unit, led by Magnum, which it is preparing to split, forecasts an average annual 3-5% organic sales growth from 2026 onwards. The new company will include Magnum, Ben & It will encompass brands like Jerry’s and Wall’s and control more than 20% of the global ice cream market, worth approximately $88 billion, competing with rivals such as Nestlé-backed Froneri.
The spin-off, scheduled for mid-November, will be a major test as Unilever retains less than 20% of the shares. This move is central to CEO Fernando Fernandez’s strategy to simplify the company, increase efficiency, and raise profit margins. The ice cream division generated €7.9 billion in revenue and €1.2 billion in adjusted EBITDA in 2024.
Unilever’s Decoupling Focused on Magnum: 3-5% Growth Expectation
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