The Magnum Ice Cream Company, the Amsterdam-based maker of Magnum, Ben & Jerry's and Cornetto, raised its full-year organic sales growth forecast to about 5.5%, from a range of 3% to 5%.
Third-quarter organic sales growth was 9.6%, made up of 7.3% from volume and 2.2% from price.
Organic growth strips out currency moves, acquisitions and disposals.
Reported revenue rose 12.1% to €2.5 billion, helped by 2.6% from acquisitions in India and Portugal.
The company said an extended summer in Europe added an estimated 2% to 3% to growth in the quarter.
Peter ter Kulve, chief executive, said the performance extended a track record of share gains, driven by innovation and better execution.
Regions and brands
Europe and Australia and New Zealand grew 8.9%, with volumes up 11.6%, though the company noted some pre-buying ahead of a technology systems rollout in the UK and Ireland, Hungary and Romania.
The Americas, including the US, its biggest market, grew 3.9%.
Asia, the Middle East and Africa grew 17.6%, led by more freezer cabinets and strong growth in India and Pakistan, though China was held back by poor weather.
Magnum and the Heartbrand, which includes Wall's-style brands such as Solero, grew at double digits, helped by the Magnum La Pistache launch.
Ben & Jerry's grew more than 9%, Cornetto high single digits, and Yasso, a high-protein frozen yogurt sold in the US, more than 30%.
Margin and risks
Magnum kept its forecast for adjusted EBITDA margin improvement of 40 to 60 basis points on a comparable basis.
Reported improvement is expected to be 0 to 20 basis points, mainly because of the India acquisition.
The company said productivity savings and operating leverage should offset higher costs, mainly from oil and energy prices.
Its productivity programme remains on track to deliver €500 million of cumulative savings by 2028.
In Turkey, the competition authority's investigation into the company's freezer cabinet use in small shops is continuing.
An interim measure requires 30% of cabinet capacity in smaller outlets to go to rival products or be left empty.
