AAK Interim Report Quarter 2, 2011

Second quarter 2011

• Net sales in the second quarter increased to SEK 3,907 million (3,594) mainly due to increased raw material prices and a better product mix, partly offset by a negative currency translation impact of SEK 361 million. Volumes decreased by 8 percent due to lower commodity volumes, consistent with the previous quarter. Speciality volumes continued to increase.
• Operating profit, excluding non-recurring items of SEK 3 million, amounted to SEK 196 million (164), an improvement of 20 percent. At fixed exchange rates operating profit improved by 32 percent.
• Earnings per share amounted to SEK 3.04 (2.65), an improvement of 15 percent.

First six months 2011

• Net sales in the first six months increased to SEK 7,750 million (7,104) mainly due to increased raw material prices and a better product mix, partly offset by a negative currency translation impact of SEK 640 million. Volumes decreased by 6 percent due to lower commodity volumes. Speciality volumes continued to increase.
• Operating profit excluding non-recurring items of SEK 3 million amounted to SEK 400 million (342), an improvement of 17 percent. At fixed exchange rates operating profit improved by 26 percent.
• Earnings per share amounted to SEK 6.42 (5.44), an improvement of 18 percent.

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 July 20, 2011 at 11 am CET

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

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