AAK AB (publ)
STO:AAK

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AAK AB (publ)
STO:AAK
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Price: 267.2 SEK 0.45% Market Closed
Market Cap: 69.4B SEK
Financials Section:
Income Statement Balance Sheet Cash Flow Statement

Income Statement

Revenue
+
3Y
-3%
5Y
+65%
10Y
+135%
Operating Income
+
3Y
+94%
5Y
+122%
10Y
+237%
Net Income
+
3Y
+97%
5Y
+123%
10Y
+244%

Earnings Waterfall
AAK AB (publ)

Revenue
46.3B SEK
Cost of Revenue
-33.7B SEK
Gross Profit
12.6B SEK
Operating Expenses
-7.9B SEK
Operating Income
4.7B SEK
Other Expenses
-1.3B SEK
Net Income
3.4B SEK

Income Statement
AAK AB (publ)

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Income Statement
Currency: SEK
Sep-2006 Dec-2006 Mar-2007 Jun-2007 Sep-2007 Dec-2007 Mar-2008 Jun-2008 Sep-2008 Dec-2008 Mar-2009 Jun-2009 Sep-2009 Dec-2009 Mar-2010 Jun-2010 Sep-2010 Dec-2010 Mar-2011 Jun-2011 Sep-2011 Dec-2011 Mar-2012 Jun-2012 Sep-2012 Dec-2012 Mar-2013 Jun-2013 Sep-2013 Dec-2013 Mar-2014 Jun-2014 Sep-2014 Dec-2014 Mar-2015 Jun-2015 Sep-2015 Dec-2015 Mar-2016 Jun-2016 Sep-2016 Dec-2016 Mar-2017 Jun-2017 Sep-2017 Dec-2017 Mar-2018 Jun-2018 Sep-2018 Dec-2018 Mar-2019 Jun-2019 Sep-2019 Dec-2019 Mar-2020 Jun-2020 Sep-2020 Dec-2020 Mar-2021 Jun-2021 Sep-2021 Dec-2021 Mar-2022 Jun-2022 Sep-2022 Dec-2022 Mar-2023 Jun-2023 Sep-2023 Dec-2023 Mar-2024 Jun-2024 Sep-2024 Dec-2024 Mar-2025 Jun-2025 Sep-2025
Revenue
Interest Expense
87
102
120
145
173
204
229
251
273
285
278
253
219
164
123
94
69
59
62
69
81
94
103
108
108
102
72
65
58
81
84
90
98
97
98
97
94
99
109
124
143
159
163
150
131
112
99
102
109
124
135
138
142
133
108
106
97
114
116
108
106
97
0
0
0
203
0
0
0
280
0
0
0
221
0
0
0
Revenue
10 884
N/A
10 982
+1%
11 157
+2%
11 520
+3%
12 411
+8%
13 028
+5%
13 920
+7%
15 094
+8%
16 478
+9%
17 582
+7%
17 939
+2%
17 908
0%
16 999
-5%
15 982
-6%
15 272
-4%
14 754
-3%
14 697
0%
14 854
+1%
15 193
+2%
15 561
+2%
16 262
+5%
16 801
+3%
17 168
+2%
17 407
+1%
17 205
-1%
16 911
-2%
16 700
-1%
16 527
-1%
16 456
0%
16 537
+0%
16 655
+1%
16 735
+0%
17 244
+3%
17 814
+3%
18 521
+4%
19 361
+5%
19 704
+2%
20 114
+2%
20 241
+1%
20 377
+1%
20 997
+3%
22 057
+5%
23 771
+8%
25 293
+6%
26 168
+3%
26 436
+1%
26 396
0%
26 713
+1%
27 194
+2%
27 592
+1%
27 986
+1%
28 003
+0%
28 122
+0%
28 510
+1%
28 934
+1%
28 105
-3%
28 016
0%
27 934
0%
28 088
+1%
30 159
+7%
32 309
+7%
35 452
+10%
39 082
+10%
43 457
+11%
47 549
+9%
50 425
+6%
51 531
+2%
50 197
-3%
48 510
-3%
46 028
-5%
44 801
-3%
44 605
0%
44 157
-1%
45 052
+2%
45 677
+1%
45 944
+1%
46 271
+1%
Gross Profit
Cost of Revenue
(9 302)
(9 256)
(9 378)
(9 627)
(10 381)
(10 806)
(11 448)
(12 507)
(14 381)
(15 903)
(16 385)
(16 040)
(14 426)
(12 872)
(12 221)
(12 104)
(12 267)
(12 440)
(12 795)
(13 050)
(13 703)
(14 427)
(14 776)
(15 036)
(14 812)
(14 561)
(14 346)
(14 167)
(14 083)
(14 057)
(14 063)
(14 064)
(14 489)
(15 082)
(15 696)
(16 409)
(16 648)
(16 841)
(16 861)
(16 917)
(17 435)
(16 362)
(19 950)
(21 353)
(22 140)
(20 216)
(22 332)
(22 570)
(22 932)
(20 723)
(23 421)
(23 251)
(23 212)
(20 743)
(22 397)
(21 308)
(20 519)
(20 572)
(20 905)
(22 693)
(24 841)
(27 697)
(30 893)
(34 847)
(38 281)
(40 661)
(41 120)
(39 314)
(37 239)
(34 296)
(32 729)
(32 091)
(31 403)
(32 056)
(32 706)
(33 132)
(33 701)
Gross Profit
1 582
N/A
1 726
+9%
1 779
+3%
1 893
+6%
2 030
+7%
2 222
+9%
2 472
+11%
2 587
+5%
2 097
-19%
1 679
-20%
1 554
-7%
1 868
+20%
2 573
+38%
3 110
+21%
3 051
-2%
2 650
-13%
2 430
-8%
2 414
-1%
2 398
-1%
2 511
+5%
2 559
+2%
2 374
-7%
2 298
-3%
2 338
+2%
2 377
+2%
2 350
-1%
2 354
+0%
2 360
+0%
2 373
+1%
2 480
+5%
2 592
+5%
2 671
+3%
2 755
+3%
2 732
-1%
2 825
+3%
2 952
+4%
3 056
+4%
3 273
+7%
3 380
+3%
3 460
+2%
3 562
+3%
5 695
+60%
3 821
-33%
3 940
+3%
4 028
+2%
6 220
+54%
4 064
-35%
4 143
+2%
4 262
+3%
6 869
+61%
4 565
-34%
4 752
+4%
4 910
+3%
7 767
+58%
6 537
-16%
6 797
+4%
7 497
+10%
7 362
-2%
7 183
-2%
7 466
+4%
7 468
+0%
7 755
+4%
8 189
+6%
8 610
+5%
9 268
+8%
9 764
+5%
10 411
+7%
10 883
+5%
11 271
+4%
11 732
+4%
12 072
+3%
12 514
+4%
12 754
+2%
12 996
+2%
12 971
0%
12 812
-1%
12 570
-2%
Operating Income
Operating Expenses
(1 406)
(1 384)
(1 399)
(1 547)
(1 568)
(1 526)
(1 600)
(1 489)
(1 507)
(1 528)
(1 573)
(1 600)
(1 624)
(1 635)
(1 603)
(1 575)
(1 577)
(1 532)
(1 505)
(1 523)
(1 500)
(1 450)
(1 462)
(1 429)
(1 424)
(1 375)
(1 357)
(1 330)
(1 313)
(1 363)
(1 430)
(1 481)
(1 524)
(1 571)
(1 529)
(1 589)
(1 661)
(1 910)
(1 911)
(1 962)
(2 024)
(4 080)
(2 156)
(2 234)
(2 263)
(4 434)
(2 249)
(2 283)
(2 351)
(4 913)
(2 569)
(2 692)
(2 813)
(5 625)
(4 353)
(4 714)
(5 375)
(5 168)
(5 006)
(5 469)
(5 431)
(5 425)
(5 987)
(6 371)
(6 849)
(7 218)
(7 585)
(7 451)
(7 518)
(7 597)
(7 654)
(7 858)
(7 985)
(8 100)
(8 068)
(8 115)
(7 869)
Selling, General & Administrative
(1 024)
(1 063)
(1 069)
(1 160)
(1 167)
(1 164)
(1 182)
(1 102)
(1 112)
(1 120)
(1 154)
(1 180)
(1 201)
(1 222)
(1 197)
(1 178)
(1 191)
(1 146)
(1 127)
(1 143)
(1 121)
(1 099)
(1 113)
(1 097)
(1 102)
(1 119)
(1 140)
(1 137)
(1 145)
(1 189)
(1 221)
(1 266)
(1 324)
(1 297)
(1 352)
(1 409)
(1 460)
(1 590)
(1 626)
(1 641)
(1 660)
(3 699)
(1 771)
(1 851)
(1 890)
(4 070)
(1 886)
(1 917)
(1 969)
(4 535)
(2 154)
(2 241)
(2 355)
(5 108)
(3 825)
(4 310)
(4 929)
(4 750)
(4 569)
(4 670)
(4 652)
(4 873)
(5 162)
(5 504)
(6 008)
(6 359)
(6 718)
(6 828)
(6 847)
(6 976)
(6 985)
(7 179)
(7 284)
(7 355)
(7 387)
(7 459)
(7 165)
Depreciation & Amortization
(366)
(306)
(313)
(365)
(377)
(335)
(392)
(352)
(359)
(375)
(388)
(401)
(404)
(403)
(395)
(385)
(380)
(376)
(367)
(371)
(369)
(340)
(351)
(343)
(342)
(347)
(350)
(348)
(347)
(343)
(346)
(352)
(363)
(381)
(395)
(409)
(414)
(431)
(438)
(446)
(457)
(464)
(474)
(483)
(489)
(491)
(504)
(522)
(540)
(552)
(583)
(612)
(646)
(687)
(701)
(738)
(752)
(728)
(751)
(959)
(957)
(718)
(969)
(757)
(772)
(791)
(839)
(842)
(892)
(858)
(861)
(873)
(837)
(862)
(859)
(852)
(890)
Other Operating Expenses
(16)
(15)
(17)
(22)
(24)
(27)
(26)
(35)
(36)
(33)
(31)
(19)
(19)
(10)
(11)
(12)
(6)
(10)
(11)
(9)
(10)
(11)
2
11
20
91
133
155
179
169
137
137
163
107
218
229
213
111
153
125
93
83
89
100
116
127
141
156
158
174
168
161
188
170
173
334
306
310
314
160
178
166
144
(110)
(69)
(68)
(28)
219
221
237
192
194
136
117
178
196
186
Operating Income
176
N/A
342
+94%
380
+11%
346
-9%
462
+34%
696
+51%
872
+25%
1 098
+26%
590
-46%
151
-74%
(19)
N/A
268
N/A
949
+254%
1 475
+55%
1 448
-2%
1 075
-26%
853
-21%
882
+3%
893
+1%
988
+11%
1 059
+7%
924
-13%
930
+1%
942
+1%
969
+3%
975
+1%
997
+2%
1 030
+3%
1 060
+3%
1 117
+5%
1 162
+4%
1 190
+2%
1 231
+3%
1 161
-6%
1 296
+12%
1 363
+5%
1 395
+2%
1 363
-2%
1 469
+8%
1 498
+2%
1 538
+3%
1 615
+5%
1 665
+3%
1 706
+2%
1 765
+3%
1 786
+1%
1 815
+2%
1 860
+2%
1 911
+3%
1 956
+2%
1 996
+2%
2 060
+3%
2 097
+2%
2 142
+2%
2 184
+2%
2 083
-5%
2 122
+2%
2 194
+3%
2 177
-1%
1 997
-8%
2 037
+2%
2 330
+14%
2 202
-5%
2 239
+2%
2 419
+8%
2 546
+5%
2 826
+11%
3 432
+21%
3 753
+9%
4 135
+10%
4 418
+7%
4 656
+5%
4 769
+2%
4 896
+3%
4 903
+0%
4 697
-4%
4 701
+0%
Pre-Tax Income
Interest Income Expense
(64)
(89)
(106)
(125)
(154)
(205)
(215)
(241)
(263)
(292)
(271)
(251)
(215)
(176)
(115)
(85)
(60)
(53)
(56)
(62)
(75)
(92)
(96)
(100)
(100)
(111)
(88)
(83)
(76)
(90)
(78)
(84)
(92)
(95)
(93)
(93)
(87)
(95)
(100)
(113)
(134)
(150)
(147)
(131)
(112)
(100)
(78)
(84)
(91)
(101)
(128)
(131)
(134)
(108)
(84)
(82)
(75)
(107)
(98)
(90)
(87)
(80)
(75)
(61)
(57)
(141)
(247)
(309)
(375)
(205)
(238)
(218)
(234)
(131)
(258)
(249)
(191)
Non-Reccuring Items
0
0
0
0
0
(50)
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(10)
0
0
0
0
0
0
0
0
0
0
0
101
0
0
0
46
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
0
(27)
0
0
0
(241)
0
0
0
(8)
0
0
0
(75)
0
0
0
(62)
0
0
0
Total Other Income
(2)
15
16
10
5
7
(15)
(14)
(15)
4
(35)
(35)
(22)
(1)
10
10
5
(1)
1
(7)
(36)
(6)
(11)
(8)
12
2
(20)
(22)
(23)
(10)
(25)
(22)
(17)
(13)
(16)
(15)
(20)
(19)
(25)
(21)
(19)
(20)
(26)
(25)
(28)
(20)
(25)
(28)
(27)
(26)
(5)
(4)
2
(23)
(52)
(56)
(55)
(20)
(19)
(17)
(20)
(22)
(20)
(15)
(12)
(47)
0
0
0
(31)
0
0
0
(43)
0
0
0
Pre-Tax Income
110
N/A
268
+144%
290
+8%
231
-20%
313
+35%
448
+43%
642
+43%
843
+31%
312
-63%
(137)
N/A
(325)
-137%
(18)
+94%
712
N/A
1 298
+82%
1 343
+3%
1 000
-26%
798
-20%
828
+4%
838
+1%
919
+10%
948
+3%
816
-14%
823
+1%
834
+1%
881
+6%
866
-2%
889
+3%
925
+4%
961
+4%
1 017
+6%
1 059
+4%
1 084
+2%
1 122
+4%
1 154
+3%
1 187
+3%
1 255
+6%
1 288
+3%
1 295
+1%
1 344
+4%
1 364
+1%
1 385
+2%
1 445
+4%
1 492
+3%
1 550
+4%
1 625
+5%
1 666
+3%
1 712
+3%
1 748
+2%
1 793
+3%
1 829
+2%
1 863
+2%
1 925
+3%
1 965
+2%
2 011
+2%
2 048
+2%
1 945
-5%
1 992
+2%
2 040
+2%
2 060
+1%
1 890
-8%
1 930
+2%
1 987
+3%
2 107
+6%
2 163
+3%
2 350
+9%
2 350
N/A
2 579
+10%
3 123
+21%
3 378
+8%
3 824
+13%
4 180
+9%
4 438
+6%
4 535
+2%
4 660
+3%
4 645
0%
4 448
-4%
4 510
+1%
Net Income
Tax Provision
(37)
(91)
(91)
(79)
(102)
(129)
(182)
(246)
(87)
133
185
96
(118)
(455)
(466)
(364)
(303)
(202)
(200)
(216)
(224)
(212)
(217)
(225)
(243)
(219)
(226)
(237)
(243)
(276)
(286)
(291)
(305)
(267)
(273)
(286)
(288)
(350)
(366)
(374)
(388)
(405)
(426)
(452)
(475)
(454)
(458)
(457)
(458)
(489)
(488)
(498)
(499)
(498)
(504)
(439)
(448)
(459)
(461)
(512)
(524)
(540)
(568)
(567)
(607)
(570)
(629)
(718)
(777)
(870)
(954)
(1 018)
(1 051)
(1 118)
(1 103)
(1 072)
(1 094)
Income from Continuing Operations
73
177
199
152
211
319
460
597
225
(4)
(140)
78
594
843
877
636
495
626
638
703
724
604
606
609
638
647
663
688
718
741
773
793
817
887
914
969
1 000
945
978
990
997
1 040
1 066
1 098
1 150
1 212
1 254
1 291
1 335
1 340
1 375
1 427
1 466
1 513
1 544
1 506
1 544
1 581
1 599
1 378
1 406
1 447
1 539
1 596
1 743
1 780
1 950
2 405
2 601
2 954
3 226
3 420
3 484
3 542
3 542
3 376
3 416
Income to Minority Interest
(5)
(6)
(5)
(6)
(7)
(5)
(4)
(4)
7
5
(4)
(8)
(19)
(17)
(8)
(2)
(1)
(2)
(2)
(4)
(3)
(2)
(2)
(2)
(6)
(7)
(8)
(8)
(7)
(9)
(9)
(10)
(9)
(8)
(8)
(8)
(8)
(12)
(24)
(31)
(39)
(37)
(24)
(24)
(24)
(18)
(20)
(18)
(13)
(18)
(24)
(18)
(23)
(26)
(19)
(19)
(16)
(18)
(18)
(20)
(14)
(10)
(10)
(12)
(12)
(10)
(9)
(5)
(6)
(7)
(7)
(7)
(7)
(6)
(6)
(7)
(7)
Net Income (Common)
68
N/A
171
+151%
194
+13%
146
-25%
204
+40%
314
+54%
456
+45%
593
+30%
232
-61%
1
-100%
(144)
N/A
70
N/A
575
+721%
826
+44%
869
+5%
634
-27%
494
-22%
624
+26%
636
+2%
699
+10%
721
+3%
602
-17%
604
+0%
607
+0%
632
+4%
640
+1%
655
+2%
680
+4%
711
+5%
732
+3%
764
+4%
783
+2%
808
+3%
879
+9%
906
+3%
961
+6%
992
+3%
933
-6%
954
+2%
959
+1%
958
0%
1 003
+5%
1 042
+4%
1 074
+3%
1 126
+5%
1 194
+6%
1 234
+3%
1 273
+3%
1 322
+4%
1 322
N/A
1 351
+2%
1 409
+4%
1 443
+2%
1 487
+3%
1 525
+3%
1 487
-2%
1 528
+3%
1 563
+2%
1 581
+1%
1 358
-14%
1 392
+3%
1 437
+3%
1 529
+6%
1 584
+4%
1 731
+9%
1 770
+2%
1 941
+10%
2 400
+24%
2 595
+8%
2 946
+14%
3 218
+9%
3 412
+6%
3 476
+2%
3 536
+2%
3 536
N/A
3 369
-5%
3 409
+1%
EPS (Diluted)
0.28
N/A
0.7
+150%
0.8
+14%
0.6
-25%
0.83
+38%
1.28
+54%
1.86
+45%
2.42
+30%
0.95
-61%
0
N/A
-0.58
N/A
0.29
N/A
2.35
+710%
3.37
+43%
3.54
+5%
2.58
-27%
2.01
-22%
2.54
+26%
2.59
+2%
2.85
+10%
2.94
+3%
2.45
-17%
2.46
+0%
2.47
+0%
2.57
+4%
2.53
-2%
2.63
+4%
2.73
+4%
2.88
+5%
2.94
+2%
3.07
+4%
3.1
+1%
3.22
+4%
3.53
+10%
3.59
+2%
3.78
+5%
3.91
+3%
3.7
-5%
3.77
+2%
3.79
+1%
3.79
N/A
3.95
+4%
4.11
+4%
4.24
+3%
4.44
+5%
4.71
+6%
4.86
+3%
5.01
+3%
5.21
+4%
5.21
N/A
5.33
+2%
5.56
+4%
5.69
+2%
5.86
+3%
6.01
+3%
5.86
-2%
6.02
+3%
6.16
+2%
6.16
N/A
5.29
-14%
5.38
+2%
5.58
+4%
5.91
+6%
6.12
+4%
6.66
+9%
6.84
+3%
7.47
+9%
9.24
+24%
9.99
+8%
11.35
+14%
12.4
+9%
13.15
+6%
13.39
+2%
13.57
+1%
13.62
+0%
12.97
-5%
13.13
+1%

See Also

Summary
AAK intrinsic value, competitors valuation, and company profile.
DCF Valuation
AAK stock valuation using Discount Cash Flow valuation method.
Relative Valuation
AAK stock valuation using valuation multiples.
Wall Street Estimates
AAK price targets and financial estimates made by Wall st analysts.
Profitability Analysis
Detailed analysis of the company's profitability.
Solvency Analysis
Analysis of the financial position and solvency of the company.
Financials
Income Statement, Balance Sheet, Cash Flow Statement.
Discount Rate
AAK stock discount rate: cost of equity and WACC.
Summary
DCF Valuation
Relative Valuation
Wall Street Estimates
Profitability Analysis
Solvency Analysis
Financials
Discount Rate
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