Magnum Generates 66.6 Billion Yuan in Annual Ice Cream Sales

Deep News

Dec 09

Magnum, the world's largest ice cream company, has successfully launched its IPO as scheduled. On December 8, the company began trading on three major exchanges: Euronext Amsterdam, the London Stock Exchange, and the New York Stock Exchange.

Following its spin-off from Unilever, Magnum has emerged as an independent ice cream giant, owning well-known brands such as Magnum, Wall's, Cornetto, and Ben & Jerry’s. According to Unilever's disclosures, the company's ice cream division generated €7.9 billion in revenue in 2024, with adjusted EBITDA reaching €1.3 billion, securing a 21% share of the global ice cream retail market.

Among the top five global ice cream brands by 2024 revenue, Magnum holds four spots: Wall's (€2.8 billion), Magnum (€1.8 billion), Ben & Jerry’s (€1.1 billion), and Cornetto (€700 million).

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