Interim Report January-September 2006*

• Net sales totalled SEK 7,872 million (7,507).

• The operating profit, before the impact of IAS 39 and excluding non-recurring items of SEK 117 million, amounted to SEK 347 million (377).

• In 2005, the profit from subcontracted processing within the Chocolate & Confectionery Fats business area was SEK 60 million for the full-year and SEK 45 million for the first nine months. This activity was discontinued at the end of 2005.

• The operating profit after adjustment for IAS 39 amounted to SEK 232 million.

• Profit after tax was SEK 119 million.

• Earnings per share amounted to SEK 2.92.


”We see continued increased share of speciality products.

Total synergies of SEK 175 million will have full year impact in 2008.

The possibility of additional synergies through cost improvements in a second wave of restructuring is promising”, says Jerker Hartwall, President and CEO in a comment about the report.


Interim report for the period July-September 2006*
• Net sales totalled SEK 2,476 million (2,255).

• The operating profit, before the impact of IAS 39 and excluding non-recurring items of SEK 10 million, amounted to SEK 127 million (141).

• In 2005, the profit from subcontracted processing within the Chocolate & Confectionery Fats business area was SEK 60 million for the full-year and SEK 15 million for the third quarter. This activity was discontinued at the end of 2005.

• The operating profit after adjustment for IAS 39 amounted to SEK 108 million.

• Profit after tax was SEK 59 million.

• Earnings per share amounted to SEK 1.44.


* Comparable figures in brackets refer to 2005 pro forma.


Jerker Hartwall
President and CEO
For further information, please call: +46 40 627 83 00

This interim report has not been examined by the Company's auditors.

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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