AAK’s Interim report for the second quarter 2015 – high operating profit, organic volume growth and a strong cash flow


  · Again, a high and solid operating profit, excluding non-recurring items, was
achieved, reaching SEK 326 million (281), an improvement of 16 percent. The
currency translation impact was positive SEK 39 million.
- Operating profit at fixed foreign exchange rates and adjusted for last year’s
divestment of Binol improved by 4 percent.
- 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 SEK 339
million (272), an improvement of 25 percent.
  · Volumes increased by 12 percent. Organic volume growth was 4 percent.
  · Food Ingredients reached a result of SEK 221 million (198), an improvement
of 12 percent.
  · Chocolate & Confectionery Fats improved with 27 percent and reached SEK 116
million (91).
  · The operating profit for Technical Products & Feed improved with 10 percent
and reached SEK 22 million (20).
  · Operating cash flow including changes in working capital amounted to SEK 389
million (168).
  · Earnings per share increased with 30 percent, to SEK 5.38 (4.14).
  · Return on Capital Employed (ROCE), calculated on a rolling 12 months basis,
was 15.9 percent (16.0 at December 31, 2014).

Concluding remarks:
“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”, says 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.”

The Interim report for the second quarter 2015 will be presented today, July 17,
2015 at 1:00 p.m. CET at a Press & Analyst telephone conference. For
participation, please see instructions under the Investor tab at the AAK
website, www.aak.com.

For further information, please contact:
Fredrik Nilsson
CFO
Phone: +46 40 627 83 34
Mobile: +46 708 95 22 21

The information is that which AAK AB (publ.) is obliged to publish under the
provisions of the Stock Exchange and Clearing Operations Act and/or the Trading
in Financial Instruments Act. The information was released to the media for
publication on July 17, 2015 at 11:00 a.m. CET.

AAK is one of the world’s leading producers of high value-added speciality
vegetable oils and fats solutions. These oils and fats solutions are
characterized by a high level of technological content and innovation. AAK’s
solutions are used as substitute for butterfat and cocoa butter, trans-free and
low saturated solutions but also addressing other needs of our customers. AAK
has production facilities in Belgium, Colombia, Denmark, Mexico, the
Netherlands, Sweden, Great Britain, Uruguay and the US. Further, AAK has
customisation plants in Russia and Malaysia. The company is organized in three
Business Areas; Food Ingredients, Chocolate & Confectionery Fats and Technical
Products & Feed. AAK’s shares are traded on the NASDAQ OMX, Stockholm, within
the Large Cap segment. Further information on AAK can be found on the company’s
website www.aak.com.

Anhänge

Press release Interim report Q2 2015 ENG 20150717.pdf 07175092.pdf