Magnum Ice Cream Company N.V. (NYSE:MICC) is one of the best undervalued defensive stocks for 2026. Goldman Sachs downgraded Magnum Ice Cream Company N.V. (NYSE:MICC) to Sell from Neutral on March 19, bringing the price target down to EUR 13 from EUR 13.70. The firm attributed the downgrade to very low visibility on cash generation and new top-line risk, noting that the company’s cold chain distribution requirements expose earnings to higher oil prices.
In its full year 2025 results, Magnum Ice Cream Company N.V. (NYSE:MICC) reported revenue of €7.9 billion (FY 2024: €7.9 billion), with 4.2% organic sales growth (OSG) year-on-year, as well as volume growth of +1.5% and price growth of +2.6%. Operating profit was €599 million, highlighting a planned net increase of €118 million in separation and restructuring costs in 2025 vs 2024 and the forex translation effect.
Magnum Ice Cream Company N.V. (NYSE:MICC) also reported an adjusted EBITDA margin 15.9%, which was impacted by forex translation effects and previously allocated depreciation costs.
Magnum Ice Cream Company N.V. (NYSE:MICC) manufactures and sells ice cream brands and products tailored for both at-home and away-from-home consumption. The company’s operations are divided into the following geographical segments: Americas, Asia, and the Middle East, Turkey, South Asia, and Africa (METSA).
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