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AAK AB (publ) (AAK.ST)

AAK.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

AAK's CEO Arne Frank, has suddenly passed away
Tuesday, 25 Jul 2017 03:06am EDT 

July 25 (Reuters) - AAK Ab (Publ) ::AAK's Ceo and president, Arne Frank, has suddenly passed away.Fredrik Nilsson will continue as acting Ceo and president during process.  Full Article

AAK Q2 operating profit just misses forecasts
Monday, 17 Jul 2017 04:20am EDT 

July 17 (Reuters) - Aak Ab (Publ) :Q2 operating profit reached SEK 409 million (368).Q2 sales SEK 6,612 million (5,090) .Q2 total volumes were up 11 percent (6).Q2 organic volume growth was 5 percent (1).Reuters poll: AAK Q2 operating profit was seen at SEK 413 million.  Full Article

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

BRIEF-AAK's CEO Arne Frank, has suddenly passed away

* AAK's Ceo and president, Arne Frank, has suddenly passed away