AAK AB (publ.) Reports Earnings Results for the Fourth Quarter and Full Year Ended December 31, 2022
February 02, 2023 at 02:30 am EST
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AAK AB (publ.) reported earnings results for the fourth quarter and full year ended December 31, 2022. For the fourth quarter, the company reported sales was SEK 13,317 million compared to SEK 10,441 million a year ago. Revenue was SEK 13,351 million compared to SEK 10,490 million a year ago. Net income was SEK 515 million compared to SEK 476 million a year ago. Basic earnings per share from continuing operations was SEK 1.98 compared to SEK 1.84 a year ago. Diluted earnings per share from continuing operations was SEK 1.98 compared to SEK 1.84 a year ago.
For the full year, sales was SEK 50,425 million compared to SEK 35,452 million a year ago. Revenue was SEK 50,574 million compared to SEK 35,638 million a year ago. Net income was SEK 1,770 million compared to SEK 1,437 million a year ago. Basic earnings per share from continuing operations was SEK 6.84 compared to SEK 5.59 a year ago. Diluted earnings per share from continuing operations was SEK 6.84 compared to SEK 5.58 a year ago.
AAK publ AB, also known as AarhusKarlshamn publ AB, is a Sweden-based holding company active primarily in the food processing sector. The Company refines vegetable oils for specialized products. The Company is organized, along with its subsidiaries, into three business segments: the Food Ingredients segment includes baking fat, dairy fat alternatives, Ice cream fats, infant formulas and oil/fats ingredients, among others; the Chocolate & Confectionery Fats segment provides chocolate and confectionery advantages, ranging from products developed for better sensory, health and longer shelf life to cost efficiency, know-how, technology and service, and the Technical Products & Feed segment includes golden wax, fatty acids, glycerin, deinking chemicals and animal feed. The Company operates Kamani Oil Industries Pvt Ltd. as a majority owned subsidiary.
AAK AB 
