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02/6/14 - $62.00
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aak ab (ARHUF) Details

AAK AB refines and sells vegetable oils for specialized products worldwide. It provides cocoa butter alternatives, filling fats, chocolates, compound and compound coatings, confectionery fillings, chocolate spreads, and barrier fats under ILLEXAO, AKOPOL, CEBES, SILKO, CHOCOFILL, DELIAIR NH, AKOSPREAD, and BARRIER FAT names to the chocolate and confectionery industry. The company also offers food ingredients for baking of good bread, biscuits and cookies, cakes, and laminated pastries; dairy fat alternatives for dairy applications, such as cheese, butterblends, whipped cream, or soured products; ice cream fats to complement or replace milk fat; oils for infant formulas under the InFat brand; oils/fats ingredients; and functional vegetable oils and fats for food preparation in hotels, restaurants, and fast-food chains. In addition, it provides fatty acids for use in paper chemicals, soaps, detergents, rubber, and plastic; glycerine for various applications, such as cosmetics, explosives, tobacco, and paints, as well as for the technical industry; and deinking chemicals. Further, the company vegetable proteins and fats for the animal feed industry; and natural vegetable wax solutions to candle manufacturers, wax blenders, and candle supply companies. Additionally, it provides personal care products, such as emollients that offer formulator a range of alternatives for making cosmetics; bioactives used in vegetable oils; surfactants, which enhance rinse-off formulations; structuring agents that are used to formulate stable pencils, lip balms, and sticks, as well as for stabilizing emulsions for cosmetics and personal care; and emulsifiers used in natural cosmetics. The company was formerly known as AarhusKarlshamn AB (publ) and changed its name to AAK AB in June 2014. AAK AB is headquartered in Malmö, Sweden.

2,463 Employees
Last Reported Date: 10/29/14

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aak ab (ARHUF) Key Developments

AAK AB Presents at SEB Nordic Seminar, Jan-08-2015 09:00 AM

AAK AB Presents at SEB Nordic Seminar, Jan-08-2015 09:00 AM. Venue: Hilton Copenhagen Airport Hotel, Copenhagen, Denmark.

AAK AB Announces Unaudited Earnings Results for the Nine Months Ended September 30, 2014

AAK AB announced unaudited earnings results for the nine months ended September 30, 2014. For the period, the company reported net profit amounted to SEK 588 million (USD 88 million), an increase of 15% relative to the first nine months of 2013. Record high operating profit (EBIT) of SEK 903 million (USD 135 million), which is equivalent to a 14% increase compared to the first nine months of 2013. The increase is primarily due to a significant improvement in the Chocolate & Confectionary Fats division. Net interest-bearing debt amounted to SEK 2,886 million on 30 September 2014 (SEK 2,255 million on 31 December 2013).

AAK Reports Earnings Results for the Third Quarter of 2014

AAK reported earnings results for the third quarter of 2014. For the period, the company reported high operating profit of SEK 331 million against SEK 313 million a year ago, excluding acquisition related costs and non-recurring items, was reached for the third quarter. This was an improvement of 6% compared to the corresponding quarter in 2013. Operating profit, including acquisition related costs and non-recurring items, reached SEK 344 million against SEK 303 million a year ago, an improvement of 14% compared to the corresponding quarter in 2013. Earnings per share increased by 10%, from SEK 4.86 to SEK 5.36.


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