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AAK AB (publ) (AAK.ST)

AAK.ST on Stockholm Stock Exchange

638.00SEK
29 May 2017
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-2.50kr (-0.39%)
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Latest Key Developments (Source: Significant Developments)

AAK says CEO undergoing medical treatment
Monday, 8 May 2017 02:30am EDT 

May 8 (Reuters) - AAK :AAK's CEO undergoing medical treatment.Says against this background, AAK's board of directors has today decided to appoint company's CFO, Fredrik Nilsson, as acting CEO during this period.AAK’s president and CEO, Arne Frank, is currently undergoing medical treatment that is expected to last for another two to four weeks.An additional rehabilitation period may be required before Arne Frank returns to full employment.  Full Article

AAK Q1 operating profit tops forecast
Thursday, 20 Apr 2017 05:02am EDT 

April 20 (Reuters) - AAK AB (Publ) :Q1 organic volume growth of 5 percent (0).Q1 operating profit reached SEK 431 million (381), an improvement of 13 percent.Reuters poll: AAK Q1 operating profit was seen at SEK 417 million.Says 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 future.Says main drivers are continued positive underlying development in food ingredients and continued improvement in chocolate & confectionery fats.Says there has been a slight decrease in raw material prices during Q1 which will have a positive impact during second half of year.  Full Article

AAK Q4 operating profit in line with expectations
Friday, 3 Feb 2017 01:50am EST 

Aak Ab (Publ) : Says proposed dividend of SEK 8.75 (7.75), an increase by sek 1.00 or 13 percent. . Q4 operating profit, excluding non-recurring income of SEK 15 million, reached SEK 435 million . Says total volumes continued to grow nicely and were up 7 percent (6) . Says organic volume growth was 2 percent (1) . Says demand for specialty and semi-specialty products continued to be strong, generating organic volume growth of 5 percent (0) . Reuters poll: AAK Q4 operating profit was seen at SEK 434 million, dividend SEK 8.71 per share .Says China Greenfield project also continues according to plan.  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

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BRIEF-AAK Q1 operating profit tops forecast

* Q1 operating profit reached SEK 431 million (381), an improvement of 13 percent