Edition:
United States

AAK AB (publ) (AAK.ST)

AAK.ST on Stockholm Stock Exchange

564.00SEK
7 Dec 2016
Change (% chg)

-- (--)
Prev Close
564.00kr
Open
--
Day's High
--
Day's Low
--
Volume
--
Avg. Vol
47,564
52-wk High
658.50kr
52-wk Low
491.70kr

Latest Key Developments (Source: Significant Developments)

AAK Q3 operating profit beats forecast
Wednesday, 26 Oct 2016 02:50am EDT 

AAK AB (Publ) : Q3 operating profit, excluding acquisition costs of SEK 15 million, reached SEK 431 million vs year-ago 376 million . Q3 total volumes continued to grow nicely and were up 11 percent . Says Q3 organic volume growth was 4 percent . Says "we continue to remain prudently optimistic about future" .Reuters poll: AAK Q3 operating profit was seen at SEK 409 million.  Full Article

AAK Q2 operating profit in line with forecasts
Friday, 15 Jul 2016 05:00am EDT 

AAK Publ AB : Q2 total volumes 6 percent (12) . Q2 organic volume growth 1 percent (4) . Q2 operating profit SEK 368 million (326 excluding non-recurring items), an improvement of 13 percent .Reuters poll: AAK Q2 operating profit was seen at SEK 370 million.  Full Article

AAK says acquires California based CalOils
Friday, 15 Jul 2016 02:10am EDT 

AAK Publ AB : Says has acquired the leading West Coast based vegetable oils company California Oils Corporation, also known as CalOils, from Mitsubishi Corporation . Says the acquisition price is subject to final calculation of normalized working capital and is expected to be less than 3 percent of AAK's turnover on a cash and debt free basis . Says acquisition cost is funded by existing credit facilities . Says the transaction is expected to be finalized between end of august to end of september 2016 .Says transaction is expected to start contributing to AAK's operating profit from q3, 2017.  Full Article

AAK proposes SEK 7.75/share as dividend for 2015
Wednesday, 3 Feb 2016 02:50am EST 

AAK publ AB:Proposes dividend of 7.75 Swedish crowns per share for 2015.Paid dividend of 6.75 crowns for 2014.  Full Article

AAK takes over activities of Belgian nutritional ingredient supplier
Wednesday, 4 Nov 2015 09:05am EST 

AAK publ AB:AKK has taken over the activities of Belgian nutritional ingredient supplier TLC and Belovo - both part of the BNLfood Group.AAK has entered a management agreement with the trustee in the bankruptcy of TLC and Belovo to restart the operations of TLC, an ingredient supplier to the global nutrition market.TLC has been a customer to AAK since many years and is specialized in extracting phospholipids from egg yolk.The invested amount is not material and the transaction will have a very limited impact on AAK's short term profitability. The investment is financed well within the existing credit facilities.  Full Article

Miyoshi Oil & Fat announces business alliance with AAK AB (publ.)
Monday, 5 Oct 2015 04:00am EDT 

Miyoshi Oil & Fat Co Ltd:Signed business alliance with Sweden-based company AAK AB (publ.) and to cooperate on sale and production of oil and fat for chocolate in Japan.Two entities to set up joint venture in Tokyo planned in Jan. 2016.Joint venture with registered capital of 100 mln yen and to be engaged in sale of edible oils and fats products.AAK AB (publ.) and Miyoshi Oil & Fat to hold 70 pct stake and 30 pct stake in the joint venture respectively.  Full Article

AAK publ AB acquires 51 percent of the shares in Indian Company
Friday, 25 Sep 2015 03:09am EDT 

AAK publ AB:Has acquired 51 percent of the shares of Kamani Oil Industries Pvt Ltd.Transaction is expected to be completed on October 1, 2015.Says acquisition is expected to start contributing to AAK's operating profit during the first half of 2016.  Full Article

AAK publ AB announces dividend
Tuesday, 5 May 2015 10:45am EDT 

AAK publ AB:Resolved to declare a dividend of SEK 6.75 per share.May 7, was determined as record day for the payment of dividend.  Full Article

AAK publ AB sells office building in Aarhus, Denmark
Wednesday, 1 Apr 2015 04:00am EDT 

AAK publ AB:Says it has sold the company's office building in M.P. Bruuns Gade, Aarhus, Denmark.Purchaser is the Danish hotel chain Arp-Hansen Hotel Group which is planning, with its Wake Up concept, hotel rooms in the building.  Full Article

AAK publ AB poposes dividend of 6.75 Swedish crown
Tuesday, 3 Feb 2015 02:30am EST 

AAK publ AB:Proposes dividend of 6.75 Swedish crown, an increase by 0.75 Swedish crown or 12.5 percent.  Full Article

BRIEF-AAK says takes acquisition costs of SEK 15 mln in Q3

* Says acquisition related costs will be charged to Q3 of 2016