AAK AB (publ)
STO:AAK

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AAK AB (publ) Logo
AAK AB (publ)
STO:AAK
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Price: 267.2 SEK 0.45% Market Closed
Market Cap: 69.4B SEK

AAK AB (publ)
Investor Relations

AAK AB (publ), a Swedish titan in the food industry landscape, has skillfully positioned itself as a lynchpin in the global supply chain of plant-based oils and fats. Originating over a century ago, the company has leveraged its extensive experience and Scandinavian ingenuity to carve a niche in specialty ingredients, where it refines raw materials like palm, shea, and rapeseed into high-value products. These products are not just basic commodities; they are carefully crafted solutions tailored to the specific needs of various industries, including foodservice, confectionery, and cosmetics. AAK's secret sauce lies in its ability to blend science with nature, developing sustainable and innovative alternatives to traditional fats and oils, which in an age of heightened environmental awareness, appeals to increasingly conscientious consumers.

The company thrives by understanding and predicting industry trends, then tailoring its diverse and flexible product portfolio to meet these market demands. This approach enables AAK to engage in long-term partnerships, offering customized solutions that enhance both product performance and consumer appeal. Its creative collaborations with major food and cosmetics companies serve as testimonies to its pivotal role in product development and value addition. Through its global presence and robust supply chain management, AAK secures its raw materials sustainably and ethically, further strengthening its commitment to corporate responsibility. It's not merely about selling a product; for AAK, it's about creating enduring value through innovation and sustainability, presenting itself as an indispensable partner to those navigating the complexities of modern consumption.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Oct 23, 2025
AI Summary
Q3 2025

Operating Profit: Operating profit grew 9% year-on-year at fixed exchange rates, or 2% including currency headwinds, excluding the Hillside divestment.

Volumes: Volumes declined 2% year-on-year but rose 4% sequentially, with Chocolate & Confectionery Fats down 8% YoY, yet sequentially up 7%.

Margins: Operating profit per kilo increased 5% to SEK 2.47, or 12% at constant FX, supported by internal optimization, cost initiatives, and favorable market conditions.

FX Impact: Currency movements created a SEK 85 million headwind in Q3, with a total year-to-date FX headwind of SEK 251 million, mainly from the US dollar, Turkish lira, and Mexican peso.

Cash Flow & Leverage: Operating cash flow was SEK 542 million; net debt-to-EBITDA is 0.61, maintaining financial flexibility.

Strategic Moves: Announced a joint venture in Malaysia to strengthen supply of specialty palm fractions for cocoa butter alternatives.

Shea Sourcing: Export restrictions in West Africa have not materially impacted supply due to AAK's diversified sourcing and ability to source crude oil.

Cost Savings: The Fit-to-Win program is ahead of schedule, with Q3 savings likely to exceed the expected SEK 50 million for the year.

Key Financials
Operating Profit
SEK 2.47 per kilo
Operating Cash Flow
SEK 542 million
Net Debt-to-EBITDA
0.61
Return on Capital Employed
21.6%
Food Ingredients Operating Profit
SEK 766 million
Food Ingredients Operating Profit per Kilo
SEK 2.40
Chocolate & Confectionery Fats Operating Profit
SEK 525 million
Chocolate & Confectionery Fats Operating Profit per Kilo
SEK 4.3
Technical Products & Feed Operating Profit
SEK 46 million
Technical Products & Feed Operating Profit per Kilo
SEK 0.67
Free Cash Flow
SEK 221 million
CapEx
SEK 321 million
FX Headwind
SEK 85 million (Q3), SEK 251 million (YTD)
Earnings Call Recording
Other Earnings Calls

Management

Mr. Johan Westman
President & CEO
No Bio Available
Mr. Tomas Bergendahl
VP & CFO
No Bio Available
Mr. David Smith
President of Global Operations & VP
No Bio Available
Carl Ahlgren
Head of IR, Corporate Communications & Brand
No Bio Available
Mr. Octavio Diaz de Leon
President of AAK Americas & VP
No Bio Available
Mr. Tim Stephenson
President of Global Sourcing, Trading & Sustainability and VP
No Bio Available
Mr. Sten Estrup
President of AAK AMEA & Global People and VP
No Bio Available
Ms. Susanne Jaspers
President of AAK Europe & Strategic Accounts and VP
No Bio Available
Mr. Mikael Ekdahl
Secretary of the Board
No Bio Available
Mr. Niall Sands
President of Commercial Development, Innovation & Plant-based Foods and VP
No Bio Available

Contacts

Address
SKANE
Malmo
Skrivaregatan 9
Contacts
+46406278300.0
aak.com