The Magnum Ice Cream Co NV
MICC: XLON (GBR)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| LOCK|&tN | LOCK|kxc | LOCK|@J%#?! |
The Magnum Ice Cream Company Earnings: Separation Costs Weigh on Margin; Shares Undervalued
TMICC reported its first stand-alone results, with organic sales growth of 4.2%, driven by pricing of 2.6% and volumes of 1.5%. Adjusted EBITDA margin declined more than expected due to reclassification of service agreement charges to Unilever from D&A. Shares fell 14% at the market open on Feb. 12.
