AAK sees solid growth

22 Jul 2015

Specialised vegetable oils company AAK has issued its interim report for the second quarter 2015, announcing high operating profit, organic volume growth and a strong cash flow. Operating profit, excluding non-recurring items, was SEK326 million, an improvement of 16%, including an uplift from currency of SEK39 million.At fixed foreign exchange rates and adjusted for last […]

AAK sees solid growth

swedish-kroner-sek-white-6747182Specialised vegetable oils company AAK has issued its interim report for the second quarter 2015, announcing high operating profit, organic volume growth and a strong cash flow.

Operating profit, excluding non-recurring items, was SEK326 million, an improvement of 16%, including an uplift from currency of SEK39 million.At fixed foreign exchange rates and adjusted for last year’s divestment of Binol, operating profit improved by 4% – but including non-recurring items – the profit from the divestment of the office building in Aarhus, adjustments for non-recurring provisions made in this quarter and last year’s acquisition costs – operating profit reached SEK339 million, up 25%.

“Based on AAK’s customer value propositions for health and reduced costs, and our customer product co-development and solutions approach, we continue to remain prudently optimistic about the future”, said Arne Frank, CEO and President, AAK Group. “The main drivers are the continued positive underlying development in Food Ingredients and a continued improvement in Chocolate & Confectionery Fats.”