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  • AAK AB (publ)
    Skrivaregatan 9, 215 32 Malmö
    +46 40 627 83 00
    +46 40 627 83 11
    http://www.aak.com
  • Investor Relations
    +46 709 72 31 26
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    Strong profit growth, including a sequential volume improvement

    AAK Group · Total volumes decreased by 5 percent to 529,000 MT (559,000), mainly due to declines in Chocolate & Confectionery Fats and the optimization program in Bakery.  · Including currency translation gains of SEK 32 million, operating profit increased by 39 percent, reaching SEK 1,143 million (822). At fixed foreign exchange rates, operating profit, increased by 35 percent.  · Profit for the period totalled SEK 807 million (611). · Earnings per share equalled SEK 3.10 (2.36).  · Cash flow from operating activities amounted to SEK 1,214 million (negative 40).  ·

    Preliminary results: Strong profit growth and sequential volume improvement

    AAK's diversified business maintained its strong momentum in the third quarter, resulting in a 39 percent increase in operating profit compared to the same period last year. Similar to the first half of this year, the increase in operating profit was mainly driven by higher sales of speciality solutions, productivity improvements and price management. Currencies provided a SEK 32 million tailwind in the third quarter. Volumes improved sequentially by 5 percent compared to the second quarter this year but declined by 5 percent compared to the third quarter last year. The year-on-year

    Invitation to presentation of AAK's third-quarter results

    In connection with the release of AAK’s Interim report for the third quarter of 2023, we invite investors and analysts to a conference call on October 25, 2023, at 10 a.m. CET. The conference will be chaired by Johan Westman, President and CEO, and Tomas Bergendahl, CFO.   The presentation can be followed via teleconference or webcast. If you wish to ask questions verbally, please use the teleconference alternative.   · To participate via teleconference, please register at the following link .   · To follow the

    Patrik Andersson appointed Chairman of AAK’s Board of Directors

    Patrik Andersson has been appointed Chairman of AAK’s Board of Directors until a new Chairman is elected by the General Meeting. The appointment follows the deeply saddening and sudden passing of AAK's former Chairman of the Board, Georg Brunstam. Patrik Andersson has been a valued member of AAK's Board of Directors since 2019 and currently serves as Chairman of Midsona AB, Sesol AB, and Cary Group AB, while also holding a board member position at Ecolean AB. Patrik’s operational background includes six years as President and CEO of Loomis, as well as leadership roles at Unilever,

    AAK's Chairman of the Board, Georg Brunstam, has passed away

    Press release, September 1, 2023 AAK has been reached by the deeply saddening notice that its Chairman, Georg Brunstam, has passed away. Elected as Chairman in 2018, Georg Brunstam's dedication and vision have been essential in the journey of AAK. In the interim, the Board will appoint a Chairman among its current members until a new Chairman has been elected by the General Meeting. Johan Westman, CEO of AAK: “Georg will be remembered as a warm, highly ethical and assertive leader with exceptional business acumen.” Our thoughts and heartfelt condolences are extended to Georg's

    AAK’s Interim report for the second quarter 2023: Continued strong performance driven by margin expansion

    AAK Group · Total volumes decreased by 9 percent to 505,000 MT (554,000). Excluding the Russian market, volumes declined by 7 percent. · Operating profit excluding items affecting comparability, including a positive currency translation impact of SEK 34 million, increased by 41 percent, reaching SEK 880 million (624). At fixed foreign exchange rates, operating profit excluding items affecting comparability increased by 36 percent. · Profit for the period totaled SEK 615 million (160). · Earnings per share equaled SEK 2.36 (0.60). · Cash flow from operating activities

    Invitation to presentation of AAK's second quarter results

    In connection with the release of AAK’s Interim report for the second quarter of 2023, we invite investors and analysts to a conference call on July 19, 2023, at 10 a.m. CET. The conference will be chaired by Johan Westman, President and CEO, and Tomas Bergendahl, CFO.The presentation can be followed via teleconference or webcast. If you wish to ask questions verbally, please use the teleconference alternative.   ·To participate via teleconference, please register at the following link.    ·To follow the

    AAK's response to the article regarding palm sourcing in Tesso Nilo

    Palm is part of the solution and AAK remains committed to a sustainable supply chainPalm oil is a widely debated food ingredient, often criticized for its environmental impact. However, it is important to recognize that palm oil plays a significant role in feeding the world and providing sustainable nutrition to populations around the globe. Deforestation remains a challenge, including the use of protected areas for farming. AAK does not accept any cultivation in protected areas and we are firmly committed to continue to drive a sustainable supply of palm. The expansion of palm

    Annual General Meeting of AAK AB

    At the Annual General Meeting of AAK AB (publ.) on May 4, 2023 the following was resolved. Board of Directors, auditor and fees The number of directors will be seven. The Meeting re-elected Märta Schörling Andreen, Marianne Kirkegaard, Georg Brunstam and Patrik Andersson and elected Nils-Johan Andersson, Fabienne Saadane-Oaks and Ian Roberts as directors. Gun Nilsson had declined re-election. Georg Brunstam was re-elected as Chairman of the Board. The fees to the Board of Directors shall amount to SEK 1,000,000 to the Chairman and SEK 440,000 to each of the other directors elected at

    Strong start to the year; volumes and operating profit confirmed per April 13 pre-announcement

    AAK Group · Total volumes decreased by 6 percent to 541,000 MT (575,000). Excluding the Russian market, volumes declined by 3 percent. · Operating profit, including a positive currency translation impact of SEK 64 million, increased by 43 percent, reaching SEK 952 million (664). At fixed foreign exchange rates, operating profit increased by 34 percent. · Profit for the period totaled SEK 662 million (492). · Earnings per share equaled SEK 2.55 (1.89). · Cash flow from operating activities amounted to SEK 1,102 million (negative 1,150). · Return on Capital Employed (ROCE),

    Invitation to presentation of AAK’s first quarter results

    In connection with the release of AAK’s Interim report for the first quarter of 2023, we invite investors and analysts to a conference call on Thursday, May 4, 2023, at 10 a.m. CET. The conference will be chaired by Johan Westman, President and CEO, and Tomas Bergendahl, CFO. The presentation can be followed via teleconference or webcast. If you wish to ask questions verbally, please use the teleconference alternative. · To participate via teleconference, please register at the following link . · To follow the

    Preliminary results: Strong start to the year driven by productivity improvements, speciality solutions and favorable market conditions

    AAK’s well-diversified business maintained its strong momentum from last year, resulting in record-high operating profit for the first quarter of 2023, largely driven by strong operating profit per kilo in Food Ingredients and Chocolate & Confectionery Fats. This was achieved via productivity improvements and a continued focus on speciality solutions. Additionally, the first-quarter operating profit benefitted from favorable year-over-year market conditions, including an improved ability to compensate for inflationary effects. Volumes declined, largely due to the expected effects of the

    AAK’s Annual Report for 2022 has been published

    AAK’s Annual Report for 2022 has been published and is available in English and Swedish at the AAK website, www.aak.com, and at the company’s headquarters.    For more information, please contact: Carl Ahlgren Head of IR and Corporate Communications Mobile: +46 706 81 07 34 E-mail: carl.ahlgren@aak.com     This is information that AAK AB is obliged to make public pursuant to the Securities Markets Act. The information was submitted for publication at 10:00 a.m. CET on April 5, 2023.   About AAK Everything AAK does is about Making Better Happen™. We

    AAK’s Sustainability Report for 2022 has been published

    AAK’s Sustainability Report for 2022 has been published and is available in English and Swedish at the AAK website, www.aak.com, and at the company’s headquarters.   For more information, please contact: Carl Ahlgren Head of IR and Corporate Communications Mobile: +46 706 81 07 34 E-mail: carl.ahlgren@aak.com    The information was submitted for publication at 10:30 a.m. CET on April 4, 2023.   About AAK Everything AAK does is about Making Better Happen™. We specialize in plant-based oils and fats, the value-adding ingredients in many products people love

    Invitation to the Annual General Meeting of AAK AB (publ.)

    The shareholders of AAK AB (publ.) are hereby invited to attend the Annual General Meeting to be held on Thursday, May 4, 2023 at 14:00. at the premises of Quality Hotel View, Hyllie Stationstorg 29 in Malmö, Sweden. The registration for the Annual General Meeting starts at 13:30. A.  RIGHT TO PARTICIPATE IN THE ANNUAL GENERAL MEETINGThe Board of Directors has, pursuant to Chapter 7, Section 4 a of the Swedish Companies Act (Sw. aktiebolagslagen) and the company’s Articles of Association, decided that shareholders shall also be able to exercise their voting rights by postal voting

    AAK’s Interim report for the fourth quarter and year-end report 2022 - A solid year with double-digit earnings growth driven by margin expansion

    AAK Group, fourth quarter · Total volumes decreased by 6 percent year-on-year to 571,000 MT (610,000), largely due to exiting the Russian market and the optimization program in Bakery. Excluding Russia, volumes decreased by 3 percent. · Operating profit, including a positive currency translation of SEK 24 million, increased by 18 percent, reaching SEK 778 million (659). At fixed foreign exchange rates, operating profit increased by 14 percent. · Profit for the quarter totaled SEK 517 million (480). · Earnings per share equaled SEK 1.98 (1.84). · Cash flow from operating

    Invitation to presentation of AAK’s fourth quarter and full-year results

    In connection with the release of AAK’s Interim report for the fourth quarter and the year-end report, we invite investors and analysts to a conference call on Thursday, February 2, 2023, at 10 a.m. CET. The conference will be chaired by Johan Westman, President and CEO, and Tomas Bergendahl, CFO. The presentation can be followed via teleconference or webcast. If you wish to ask questions verbally, please use the teleconference. · To participate via teleconference, please register at the following link . · To

    AAK’s Capital Market Day 2022

    Today, AAK AB (publ.) is hosting its annual Capital Market Day for analysts, investors, and media representatives.  At this year’s hybrid event, held in Stockholm, Sweden, President and CEO Johan Westman and CFO Tomas Bergendahl share updates on AAK’s business, strategy, and financial development.     In addition, Dheeraj Talreja, President AAK India, gives a presentation on the opportunities in the region, followed by a concluding fireside chat with Susanne Jaspers, President AAK Europe, Niall Sands, President Plant-based Foods, and Tim Stephenson, President Global Sourcing and

    AAK strengthens its position in southeast India by acquiring Arani Agro Oil

    AAK AB (publ.) has acquired 100 percent of the shares in Arani Agro Oil Industries Ltd. The acquisition aligns with AAK’s strategy to expand geographically and increase its market share in India's high-value specialty oils and fats market. Arani operates out of Kakinada Port on the southeast coast of India.Over the coming years, AAK will invest an estimated total of SEK 200-300 million, including the acquisition consideration, to increase capacity and improve efficiency in the production facility. In addition, the investment will support the wider development of the region, and AAK will

    AAK’s interim report for the third quarter 2022 – strong profit growth despite challenging macro-economic climate

    AAK Group · Total volumes decreased by 4 percent, to 559,000 MT (583,000). · Operating profit, including a positive currency translation impact of SEK 148 million, increased by 28 percent, reaching SEK 822 million (642). At fixed foreign exchange rates, operating profit increased by 5 percent. · Profit for the period amounted to SEK 611 million (464). · Earnings per share amounted to SEK 2.36 (1.80). · Cash flow from operating activities amounted to negative SEK 40 million (negative 20). · Return on Capital Employed (ROCE), R12M, was 14.8 percent (15.6 at December 31,

    Invitation to AAK’s presentation of the third quarter on October 25

    In connection with the release of AAK’s Interim report for the third quarter 2022, we invite you to a press and analyst conference to be held on Tuesday, October 25, 2022, at 10 a.m. CET.The conference will be chaired by Johan Westman, President and CEO, and Tomas Bergendahl, CFO.The presentation will be held in English. The presentation can be followed by phone or via a webcast. Please note that questions may be asked by phone only.   To follow the conference by phone, please use one of the numbers below, followed by pin code 2174196.   SE: +46 8 505 163 86 UK: +44 20

    Change in number of shares and votes in AAK AB (publ.)

    The long-term incentive program for employees (“Warrants Program series 2017/2022:2”) implemented at the annual general meeting on May 17, 2017, has resulted in the number of shares and votes in the company having increased during September 2022 by 1,008,696 shares and votes, through conversion of subscription warrants into new shares in the company. As of September 30, 2022, there are in total 259,559,202 shares and votes in the company.     For more information, please contact:Johan HolmqvistActing Head of IR and Corporate CommunicationsMobile: +46 708 37 66 77E-mail:

    AAK signed a green loan of SEK 500 million

    AAK AB (publ.) has signed a bilateral green loan of SEK 500 million structured by Mizuho Bank, Ltd. The loan has a duration of 3 years.  The loan is closely linked to AAK’s sustainability targets and commitment to accelerate its reduction of greenhouse gas emissions and will be used for the previously communicated investment in biomass boilers at the AAK production plant in Aarhus, Denmark.The bio boilers are expected to reduce the plant’s CO₂ emissions by approximately 90 percent. They will also generate substantial savings as fossil fuel will be replaced by shea meal, a by-product of

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