AAK Q3 operating profit falls as demand stays subdued
AAK Q3 operating profit falls as demand stays subdued
Overview
Sweden plant-based oils maker's Q3 volumes stable yr/yr, operating profit down 8%
Net profit and EPS declined compared to last year
Operating cash flow increased sharply yr/yr
Outlook
Company did not provide specific guidance or outlook for the coming quarters or year
Result Drivers
SUBDUED DEMAND - Co said market conditions and consumer sentiment remained subdued, impacting profitability
CURRENCY EFFECT - Positive currency translation partly offset decline in operating profit
STRONG CASH FLOW - Co reported sharply higher operating cash flow compared to last year
Company press release: ID:nMFN2D6Lkd
Key Details
Metric | Beat/Miss | Actual | Consensus Estimate |
Q3 EPS |
| SEK 3.22 |
|
Q3 Net Income |
| SEK 839 mln |
|
Q3 Adjusted Free Cash Flow |
| SEK 1.50 bln |
|
Q3 ROCE |
| 19.10% |
|
Analyst Coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 6 "strong buy" or "buy", 1 "hold" and 3 "sell" or "strong sell"
The average consensus recommendation for the food processing peer group is "buy"
Wall Street's median 12-month price target for AAK AB (publ) is SEK240.00, about 25.9% above its October 22 closing price of SEK190.70
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 15 three months ago
Reuters Recommended Reads
Oct 22 - Sweden's Axfood Q3 EBIT beats on volume growth
Oct 22 - Switzerland's Nestlé maintains 2026 organic growth guidance at 3% to 4%
Oct 22 - Finland's Atria Q3 sales rise, EBIT flat on pork export ban
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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)