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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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    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

    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,

    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:

    Invitation to AAK’s Capital Market Day, November 29, 2022

    AAK AB hereby invites analysts, investors, and media to its Capital Market Day on November 29, 2022, held at Grand Hôtel in Stockholm, Sweden. President and CEO Johan Westman will, together with Tomas Bergendahl, CFO, and other senior executives of AAK, provide the financial market and media with information regarding AAK’s updated strategy and growth opportunities, as well as financial development, and progress made within selected focus areas.   At the end of the event, a roundtable discussion with selected AAK executives and managers will be held, focusing on market trends,

    Save the date – AAK’s Capital Market Day November 29, 2022

    AAK’s Capital Market Day 2022 is scheduled for November 29.  The intention is to host a physical event in Stockholm, Sweden, at Grand Hôtel, although this might change depending on potential Covid-19-related restrictions. The official program will start around lunch and end no later than 5:00 p.m. CET.  More information will follow in the official invitation, which will be sent out during the fall.     For more information, please contact:Johan HolmqvistActing Head of IR and Corporate CommunicationsMobile: +46 708 37 66 77E-mail: johan.holmqvist@aak.com   The

    AAK’s Interim report for the second quarter 2022 – strong quarter despite high volatility and a demanding macro-economic climate

    AAK Group · Total volumes increased by 1 percent, to 554,000 MT (550,000). · Operating profit, excluding items affecting comparability (adjusted operating profit), but including a positive currency translation impact of SEK 84 million, increased by 15 percent, reaching SEK 624 million (541). At fixed foreign exchange rates, operating profit was flat. · AAK reported an item affecting comparability (IAC), a cost of SEK 350 million, related to the decision to exit the Russian market. · Profit for the period amounted to SEK 160 million (103). Excluding IAC, profit for the period

    AAK invests in food tech company Green-On to accelerate improved sustainability in future food applications

    AAK AB (publ.) has decided to invest in Green-On, a food tech start-up company in Gothenburg, Sweden, whose concept is based on the so-called Power-to-X technology. With this technology, the aim is to create raw materials – in this case oils and fats for food and other applications – directly from carbon dioxide, renewable energy, and water, thereby eliminating the need for arable land, one of the scarcest resources we have. The Power-to-X technology has the potential to accelerate the development of sustainable ingredient solutions for food and technical products. “There are today,

    AAK issues bond for a total of SEK 800 million

    AAK AB (publ.) has issued a senior unsecured bond for a total of SEK 800 million with a duration of 3 years. The bond carries a floating interest rate of 3 months STIBOR plus 165 basis points. The transaction generated strong investor demand. The proceeds from the bond issue will be used to broaden AAK’s funding base and for general corporate purposes. AAK will apply for the new bond to be listed on Nasdaq Stockholm’s Corporate Bond List.  For more information, please contact:Marianne PerssonGroup TreasurerMobile: +46 733 35 82 54E-mail: marianne.persson@aak.com

    AAK’s Interim report for the first quarter 2022 – all-time high operating profit with strong development across business areas

    AAK Group · Total volumes increased by 1 percent, to 575,000 MT (569,000). · Operating profit, including a positive currency translation impact of SEK 31 million, increased by 21 percent, reaching SEK 664 million (551). At fixed foreign exchange rates, the increase was 15 percent. · Profit for the period amounted to SEK 492 million (400). · Earnings per share amounted to SEK 1.89 (1.56). · Cash flow from operating activities amounted to negative SEK 1,150 million (positive 58). · Return on Capital Employed (ROCE), R12M, was 15.4 percent (15.6 at December 31, 2021).

    AAK to leave Russia

    AAK AB (publ.) has decided to make a controlled exit from its operations and investments in Russia. In March, AAK communicated a temporary halt of deliveries to, and sales in, Russia. Since then, a careful evaluation has been carried out, resulting in a decision to permanently wind up the business in the country. The company has initiated this sensitive and difficult process, focusing on executing it in a controlled manner to ensure both legal compliance and the safety of its employees. Russia makes up for some 3 percent of AAK’s volumes, as measured in metric tons.   Part of the

    AAK’s Interim report for the fourth quarter and year-end report 2021 – record-high operating profit with strong development across the board

    AAK Group, fourth quarter · Total volumes increased by 5 percent, to 610,000 MT (580,000). · Operating profit, including a negative currency translation impact of SEK 26 million, increased by 9 percent, reaching SEK 659 million (607). · Profit for the period amounted to SEK 480 million (439). · Earnings per share amounted to SEK 1.84 (1.69). · Cash flow from operating activities amounted to SEK 239 million (1,208). · Return on Capital Employed (ROCE), R12M, was 15.6 percent (14.2 at December 31, 2020).   Business areas · Food Ingredients – operating profit

    AAK’s Capital Market Day 2021

    Today, AAK AB (publ.) is hosting its annual Capital Market Day for analysts, investors and media representatives. At this year’s event, held in Malmö, Sweden, President and CEO Johan Westman together with Tomas Bergendahl, CFO, and Anne Mette Olesen, Chief Strategy & Sustainability Officer, share updates on AAK’s strategy and business, financial development, and progress within the sustainability area.   In addition, Karsten Nielsen, Chief Technology Officer, gives a presentation on the complexity of speciality oils and fats, and René Schou, President Global Industries, discusses

    AAK’s Interim report for the third quarter 2021 – all-time high operating profit despite demanding macro-economic climate

    AAK Group · Total volumes increased by 3 percent, to 583,000 MT (565,000). · Operating profit, including a negative currency translation impact of SEK 35 million, increased by 7 percent, reaching SEK 642 million (602). · Profit for the period amounted to SEK 464 million (436). · Earnings per share amounted to SEK 1.80 (1.69). · Cash flow from operating activities amounted to negative SEK 20 million (482). · Return on Capital Employed (ROCE), R12M, was 15.5 percent (14.2 at December 31, 2020).   Business areas · Food Ingredients – operating profit increased by

    Invitation to AAK’s presentation of the third quarter 2021 on October 29

    In connection with the release of AAK’s Interim report for the third quarter 2021, we invite you to a press and analyst conference to be held on Friday, October 29, 2021, at 2 p.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 following numbers: SE: +46 8 505 583 50 DK: +45 7815 0109 UK: +44 3333 009

    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 2021 by 1,644,618 shares and votes, through conversion of subscription warrants into new shares in the company. As of September 30, 2021, there are in total 258,494,556 shares and votes in the company. For more information, please contact:Gabriella GrotteHead of IR and Corporate CommunicationsMobile: +46 737 16 80 01E-mail: gabriella.grotte@

    AAK’s President and CEO has acquired additional shares in the company

    Warrants in the long-term incentive program (“Warrants Program series 2017/2022:2”) implemented at AAK AB’s (publ.) annual general meeting in May 2017 has been possible to exercise since September 2020. President and CEO Johan Westman has exercised warrants and has at the same time acquired an additional 18,000 shares in AAK. He now has a total holding of 54,000 shares.For more information, please contact:Gabriella GrotteHead of IR and Corporate Communications Mobile: +46 737 16 80 01E-mail: gabriella.grotte@aak.com The information was submitted for publication at 10:10 a.m.

    AAK’s Interim report for the second quarter 2021 – record-high second quarter despite continued volatility and uncertainty

    AAK Group · Total volumes increased by 14 percent, to 550,000 MT (481,000). · Operating profit, excluding items affecting comparability (adjusted operating profit) but including a negative currency translation impact of SEK 37 million, increased by 32 percent, reaching SEK 541 million (411). · AAK reported an item affecting comparability (IAC) of SEK 304 million, related to the proposed optimization of the company’s European bakery business. SEK 203 million of this has a non-cash flow impact. · Profit for the period amounted to SEK 103 million (324). Excluding IAC and related

    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 June 2021 by 18,000 shares and votes, through conversion of subscription warrants into new shares in the company.As of June 30, 2021, there are in total 256,513,938 shares and votes in the company. For more information, please contact:Gabriella GrotteHead of IR and Corporate Communications Mobile: +46 737 16 80 01E-mail: gabriella.grotte@aak.comThis

    AAK signs EUR 400 million sustainability-linked revolving credit facility

    AAK AB (publ.) has signed a EUR 400 million sustainability-linked revolving credit facility, renewing an undrawn EUR 400 million credit facility, signed in 2014 and amended in 2018. The renewed facility will be closely linked to a number of AAK’s sustainability targets, among them the company’s commitment to a 100 percent deforestation- and conversion-free palm supply chain by 2025. “The sustainability-linked facility is completely in line with our corporate purpose, Making Better Happen™, as well as our three focus areas within sustainability – Better Sourcing, Better Operations and

    Save the date – AAK’s Capital Market Day November 23, 2021

    AAK’s Capital Market Day 2021 is scheduled for November 23. The intention is to host a physical event in Malmö, Sweden, at the Malmö Arena Hotel, although this might change depending on potential Covid-19-related restrictions. The official program will start around lunch and end no later than 5:00 p.m. CET. More information will follow in the official invitation, which will be sent out during the fall. For more information, please contact:Gabriella GrotteHead of IR and Corporate CommunicationsMobile: +46 737 16 80 01E-mail: gabriella.grotte@aak.com The information was

    AAK and Mars partner in a ten-year sustainable shea initiative to empower women in West Africa

    AAK has joined forces with global confectionery, food, and pet care company Mars, several leading NGOs, and an impact investment fund to create a public-private partnership. This will improve the livelihoods of women working in Ghana’s shea supply chain. Running until 2030, the Women in Shea (WISH) initiative aims to reach 13,000 women shea collectors from more than 150 communities in northern Ghana. Project goalsStakeholders in the WISH initiative have the common goal to bring economic and social benefits to the 13,000 women in the program and promote environmental improvements for

    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 May 2021 by 70,500 shares and votes, through conversion of subscription warrants into new shares in the company. As of May 31, 2021, there are in total 256,495,938 shares and votes in the company.  For more information, please contact:Gabriella GrotteHead of Investor Relations and Corporate Communications Mobile: +46 737 16 80 01E-mail: gabriella.

    Annual General Meeting of AAK AB

    At the Annual General Meeting of AAK AB (publ.) on May 7, 2021 the following was resolved.Board of Directors, auditor and feesThe number of directors will be five. The Meeting re-elected Märta Schörling Andreen, Marianne Kirkegaard, Gun Nilsson, Georg Brunstam and Patrik Andersson as directors. Bengt Baron has declined re-election. Georg Brunstam was re-elected as Chairman of the Board. The fees to the Board of Directors shall amount to a total of SEK 3,095,000 (including fees for committee work). The Meeting elected the accounting firm KPMG AB, for a period of mandate of one year,

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