Magnum reported strong third quarter results, with revenue increasing by 12.1 per cent year-on-year to approximately £2.1bn.

The company’s organic sales growth increased 9.6 per cent compared to 3.3 per cent at the same time last year.

The successful performance was boosted by an extended summer in Europe with growth of an estimated 2 and 3 per cent from the prolonged higher temperatures.

The Magnum brand delivered double-digit growth, which was driven by Türkiye, France, the UK, and Mexico which was driven by continued momentum from innovation according to the business.

The company reported growth of over 9 per cent for Ben & Jerry’s as the brand expanded its customer base with additional formats across the US and Europe.

Cornetto experienced high-single-digit growth, which was supported by new product introductions, which include Cornetto Max Pistachio in Europe and fruit sorbet variants in Asia.

During the quarter the business boosted its core portfolio through upgrades and capitalising with on-trend flavours.

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The Magnum La Pistache experienced a standout performance which was ahead of the market expectation and had a positive turnover in the UK, Germany and France.

Peter ter Kulve, CEO of Magnum said: “We delivered strong performance in Q3, with volume-led growth ahead of the growing ice cream category. This performance extends our track record of share gains, reflecting the strength of our brands, the impact of our innovation, and continued improvements in execution.

“All regions continued to grow, including the US, our biggest market. Improved execution and operational rigour enabled us to capitalise on strong demand , especially in Europe , and win share.

“Our productivity programme remains firmly on track, helping offset inflationary cost pressures and creating capacity to reinvest behind our brands, capabilities, and future growth.”

Moving forward, the business plans to continue executing its business growth strategy and productivity programme.

Magnum raised its outlook for organic sales to approximately 5.5 per cent compared to the prior forecast of 3 per cent and 5 per cent.