AAK’s Interim Report for the first quarter, 2012

Chief Executive´s comments

Record high first quarter results and again strong growth in Food Ingredients

Operating profit for the first quarter of 2012 reached SEK 220 million (204), an improvement of 8 percent compared with the corresponding quarter in 2011.

Business Area operating profit:

  • Food Ingredients reached a record high first quarter of SEK 137 million (104), an improvement of 32 percent.
  • Chocolate & Confectionery Fats was stable at SEK 81 million (81).
  • Technical Products & Feed had another challenging quarter but reached SEK 25 million (39).

Operating profit per kilo continued to improve, from SEK 0.59 to SEK 0.60 due to a higher proportion of value added products.

We also recorded, as predicted, a record high first quarter cash flow of SEK 384 million.

Earnings per share increased, from SEK 3.38 to SEK 3.43 despite higher interest costs.

Sales amounted to SEK 4,222 million (3,843) in the first quarter.

 

Investor Relations contact:

Arne Frank, President and CEO
Phone: + 46 40 627 83 00

Anders Byström, Chief Financial Officer
Phone: + 46 40 627 83 00

Fredrik Nilsson, Head of Investor Relations
Phone: + 46 40 627 83 34
Mobile: + 46 708 95 22 21
E-Mail: fredrik.nilsson@aak.com

The information is that which AarhusKarlshamn AB (publ) is obliged to publish under the provisions of the Stock Exchange and Clearing Operations Act and/or the Trading in Financial Instruments Act. The information was released to the media for publication on 3 May 2012 at 11.00 am CET.

About Us

AAK is a leading provider of value-adding vegetable oils & fats. Our expertise in lipid technology within foods and special nutrition applications, our wide range of raw materials and our broad process capabilities enable us to develop innovative and value-adding solutions across many industries – Chocolate & Confectionery, Bakery, Dairy, Special Nutrition, Foodservice, Personal Care, and more. AAK’s proven expertise is based on more than 140 years of experience within oils & fats. Our unique co-development approach brings our customers’ skills and know-how together with our own capabilities and mindset for lasting results. Listed on the NASDAQ OMX Stockholm and with our headquarters in Malmö, Sweden, AAK has 20 different production facilities, sales offices in more than 25 countries and more than 3,000 employees. We are AAK – The Co-Development Company.

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