AarhusKarlshamn AB (publ) Financial Statement, January – December, 2006*

• Net sales totalled SEK 10,929 (10,515) million.
• The operating profit, excluding effects of IAS 39 of SEK 44 million and excluding non-recurring items of SEK 157 million, amounted to SEK 455 (530) million.
• In 2005 the profit from subcontracted processing within the Chocolate & Confectionery Fats business area was SEK 60 million for the full year. This activity was discontinued at the end of 2005.
• The operating profit including non-recurring items and after adjustment for IAS 39 amounted to SEK 298 million.
• Profit after tax was SEK 177 million.
• Earnings per share amounted to SEK 4.18.
• The first wave of synergies is generating SEK 175 million, per annum, with full effect
as from 2008. The total non-recurring cost for the programme is SEK 248 million
(2005: SEK 91 million and 2006: SEK 157 million).

• The Board of Directors of AAK propose a dividend of SEK 4.00 (4.00) per
share.


“I am pleased with the merger activities carried out in the Group during 2006. Additional synergies will come primarily from specialization and optimisation of the large Swedish and Danish production units. These improvements will be implemented over the next two years. Some of the synergies will however be offset by higher costs, for example energy and inflation costs”, says Jerker Hartwall, President and CEO in a comment about the report.


Interim report for the period October-December 2006

• Net sales totalled SEK 3,057 (3,008) million.
• The operating profit, excluding effects of IAS 39 of SEK 42 million and excluding non-recurring items of SEK 40 million, amounted to SEK 108 (153) million.
• 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 fourth quarter. This activity was discontinued at the end of 2005.
• The operating profit including non-recurring and after adjustment for
IAS 39 amounted to SEK 68 million.
• Profit after tax was SEK 58 million.
• Earnings per share amounted to SEK 1.38.


* Comparable figures in brackets refer to 2005 pro forma.

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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