Brief: AAK Q1 operating profit up 1% to SEK 1,261 mln

AAK AB (publ)

24/04/2025 07:50

April 24 (Reuters) - AAK AB (publ) AAK.ST:

Q1 EPS SEK 3.59

Q1 NET INCOME SEK 934 MLN

Q1 ADJUSTED FREE CASH FLOW SEK -492 MLN

Q1 ROCE 22%

Q1 OPERATING PROFIT INCREASED BY 1%, REACHING SEK 1,261 MLN

Q1 VOLUMES, EXCLUDING EFFECT FROM HILLSIDE DIVESTMENT, DECLINED BY 5% TO 503,000 MT

Q1 SALES UP 6% TO SEK 11,743 MLN (11,118)

CEO ON TARIFFS: WE DO NOT EXPECT ANY MATERIAL IMPACT ON OUR MARGINS, WE REMAIN COMMITTED TO MINIMIZING THE IMPACT

CEO: WE ARE NOW LAUNCHING A COST OPTIMIZATION PROGRAM, EXPECT TO GENERATE ANNUAL SAVINGS OF ABOUT SEK 300 MLN

CEO: AS PART OF THIS PRGRAM, WORKFORCE REDUCTION OF UP TO 5% IS EXPECTED

CEO: RESTRUCTURING ESTIMATED TO RESULT IN A ONETIME COST OF ABOUT SEK 200-250 MLN, TO BE REALIZED IN Q2

Source text: ID:nMFN1FDpyj

Further company coverage: AAK.ST

 (Gdansk Newsroom)

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