Brief: AAK Q1 Profit For Period Up At SEK 400 Mln

AAK AB (publ)

23/04/2021 10:22

April 23 (Reuters) - AAK AB (publ)  AAK.ST :
    * AAK'S INTERIM REPORT FOR THE FIRST QUARTER 2021 -
CONTINUED
EARNINGS GROWTH IN A TIME OF VOLATILITY AND UNCERTAINTY
    * Q1 TOTAL VOLUMES FOR QUARTER WERE ON PAR WITH LAST YEAR
AND
AMOUNTED TO 569,000 MT (569,000)
    * Q1 PROFIT FOR PERIOD AMOUNTED TO SEK 400 MILLION (383), AN
INCREASE BY 4 PERCENT.
    * Q1 OPERATING PROFIT, INCLUDING A NEGATIVE CURRENCY
TRANSLATION
IMPACT OF SEK 57 MLN, INCREASED BY 2 PERCENT, REACHING SEK 551
MLN (542).
    * DESPITE ONGOING PANDEMIC AND A MATERIAL NEGATIVE CURRENCY
TRANSLATION IMPACT, WE ACHIEVED A HIGHER OPERATING PROFIT
COMPARED TO LAST YEAR
    * Q1 OF YEAR HAS BEEN CHARACTERIZED BY A STRONG CUSTOMER
DEMAND
FOR OUR SPECIALITY AND SEMI-SPECIALITY SOLUTIONS, PARTICULARLY
WITHIN CHOCOLATE & CONFECTIONERY FATS, SPECIAL NUTRITION, AND
PLANT-BASED FOODS
    * WE CONTINUE TO SEE STRONG DEVELOPMENT WITHIN OUR
SUSTAINABILITY
ACTIVITIES AND OUR CONTRIBUTIONS TOWARDS UN SUSTAINABLE
DEVELOPMENT GOALS.
    * UNCERTAINTY AND VOLATILITY, DUE TO PANDEMIC AND CURRENT
GLOBAL
LOGISTICS AND SEA FREIGHT DISTURBANCES, REMAIN HIGH. THIS MAKES
IT DIFFICULT TO PREDICT SHORT-TERM FUTURE

Source text for Eikon:  ID:nWkrhMfxz 
Further company coverage:  AAK.ST 

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