AAK Interim Report, First Quarter, 2009

First quarter 2009 • Net sales were up 15 percent, SEK 4,223 million (3,683). • Operating profit at SEK 157 million was down 24 percent from SEK 207 million last year due to decline in Chocolate & Confectionery Fats – mainly destocking, lower demand and lower volumes to Eastern Europe. • Earnings per share was SEK 1.59 (2.41). Including the IAS adjustment and non-recurring items, earnings per share was SEK 2.03 (5.57). • Positive cash flow from operating activities before investments amounted to SEK 22 million (-330). The Group CEO comments “Chocolate & Confectionery Fats has been negatively affected, partly by an industry-wide destocking and lower demand; partly by exercising a very restrictive credit policy to Eastern European countries. Food Ingredients continues to improve and is showing strong results despite the recession. Cash flow has improved and will continue to do so during the year. AAK still expects additional significant positive effects from insurance compensation,” says Group CEO Jerker Hartwall in his comments to the report. Jerker Hartwall Chief Executive Officer and President This report has not been reviewed by the Company’s auditors. 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 19 May 2009 at 12.00 a.m.