AAK AB

AAK

Equity

ISIN SE0011337708 / Valor 42197863

NASDAQ Nordic Exchange Stockholm, Equities (2024-11-21)

SEK 279.60+0.79%

AAK AB
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About company

AAK AB is a leading provider of plant-based oils that are essential ingredients in a wide range of consumer products. The company's expertise lies in creating value-added solutions for various industries, including food, cosmetics, and pharmaceuticals. With a focus on sustainability and innovation, AAK AB is committed to delivering high-quality products that meet the evolving needs of its customers worldwide.

Summarized from source with an LLMView SourceSector: Consumer Non-Cyclicals

Volume Growth

In the first quarter of 2024, AAK AB reported a 3% increase in volumes, reaching 556,000 metric tons compared to 541,000 in the same quarter the previous year. This growth was primarily driven by the segments of Chocolate & Confectionery Fats and Food Ingredients.

Increased Operating Profit

AAK AB's operating profit for the first quarter of 2024 saw a significant rise of 32%, totaling SEK 1,254 million compared to SEK 952 million in the first quarter of 2023. This increase was further enhanced at fixed foreign exchange rates, where the operating profit grew by 38%.

Net Sales Decline

Despite the increase in volume, AAK AB experienced a decrease in net sales by 10% in the first quarter of 2024, amounting to SEK 11,118 million compared to SEK 12,345 million in the previous year. This decline was attributed to lower raw material costs and a negative currency translation effect of SEK 85 million.

Earnings Per Share Improvement

AAK AB's earnings per share improved significantly in the first quarter of 2024, reaching SEK 3.59 compared to SEK 2.55 in the same quarter of 2023. This increase reflects the company's enhanced profitability and effective cost management strategies.

Strong Cash Flow from Operations

Although lower than the previous year, AAK AB maintained a solid cash flow from operating activities in the first quarter of 2024, which amounted to SEK 717 million compared to SEK 1,102 million in the first quarter of 2023. The decrease was mainly due to higher accounts receivables resulting from the increased volumes.

Summarized from source with an LLMView Source

Key figures

29.6%1Y

41.5%3Y

58.3%5Y

Performance

20.4%1Y

22.8%3Y

25.2%5Y

Volatility