Magnum Touts Sales Growth, Cost Cuts After Unilever Spinoff (4)

The Magnum Ice Cream Company expects annual organic sales growth of 3% to 5% from next year — broadly in line with the global market — and plans to focus on cost-cutting after it is spun off from parent Unilever Plc.

The maker of Ben & Jerry’s also forecast free cash flow of between €800 million ($936 million) and €1 billion in 2028 and 2029, according to a statement Tuesday, part of its first major investor presentation ahead of its listing in Amsterdam in mid-November.

Read More: Unilever Puts Amsterdam Above London for Ice Cream Spinoff

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