AAK AB (publ.) Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2023
October 25, 2023 at 02:30 am EDT
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AAK AB (publ.) reported earnings results for the third quarter and nine months ended September 30, 2023. For the third quarter, the company reported sales was SEK 11,619 million compared to SEK 13,306 million a year ago. Revenue was SEK 11,684 million compared to SEK 13,330 million a year ago. Net income was SEK 805 million compared to SEK 610 million a year ago. Basic earnings per share from continuing operations was SEK 3.1 compared to SEK 2.36 a year ago. Diluted earnings per share from continuing operations was SEK 3.1 compared to SEK 2.36 a year ago.
For the nine months, sales was SEK 35,193 million compared to SEK 37,108 million a year ago. Revenue was SEK 35,356 million compared to SEK 37,223 million a year ago. Net income was SEK 2,080 million compared to SEK 1,255 million a year ago. Basic earnings per share from continuing operations was SEK 8.02 compared to SEK 4.85 a year ago. Diluted earnings per share from continuing operations was SEK 8.02 compared to SEK 4.85 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 
