AAK jumps to top of STOXX after Q3 prelim numbers
10/10/2023 14:26
** AAK AAK.ST shares rise 6% to the top of pan-European
600 index .STOXX and head for their best day in 6 months after
the Swedish food processing company posted its preliminary
figures for Q3
** Its Q3 prelimnary operating profit rises 39% y/y to 1,143
million Swedish crowns ($104.60 million), driven by higher sales
of speciality solutions, productivity improvements and price
management
** It says the results are significantly boosted by currency
gains, providing a SEK 32 million tailwind
** Including Tuesday's rise the stock has gained 20.89 % YTD
($1 = 10.9272 Swedish crowns)
(Reporting by Jesus Calero)
((Jesus.calero@thomsonreuters.com))