AAK: Rises after strong Q4 despite pandemic

AAK AB (publ)

28/01/2021 08:49

** Shares in Stockholm AAK  AAK.ST  rise 4.1% after the food
processing company reports strong Q4 results  urn:newsml:reuters.com:*:nASN000RKA
    ** Posts an all-time high Q4 operating profit of SEK 607
million, up 8 % from year ago, and quarterly volumes on par with
last year
    ** It was a "strong finish to an unprecedented year," the
company says, despite the COVID-19 pandemic and a material
negative currency translation impact
    ** "We see no reason to adjust our view on the strong
favorable underlying long-term trends in our markets," CEO adds

 ((marta.frackowiak@thomsonreuters.com))