Brief: AAK Q2 Operating Profit Rises To SEK 541 Million
16/07/2021 12:27
July 16 (Reuters) - AAK AB (publ) AAK.ST :
* AAK'S INTERIM REPORT FOR THE SECOND QUARTER 2021 -
RECORD-HIGH
SECOND QUARTER DESPITE CONTINUED VOLATILITY AND UNCERTAINTY
* Q2 TOTAL VOLUMES 550,000 MT VERSUS 481,000 MT YEAR AGO
* PANDEMIC STILL IMPACTS OUR BUSINESS NEGATIVELY, ESPECIALLY
IN
INDIA AND TURKEY, WHILE WE HAVE SEEN FAST IMPROVEMENTS IN OTHER
GEOGRAPHIES, SUCH AS USA AND PARTS OF EUROPE
* Q2 OPERATING PROFIT SEK 541 MILLION VERSUS SEK 411 MILLION
YEAR
AGO
* PROPOSED CONSOLIDATION IMPLIES A TRANSFER OF PRODUCTION
FROM
MERKSEM, BELGIUM TO OUR SITES IN HULL, UNITED KINGDOM AND
ZAANDIJK, NETHERLANDS, AFTER WHICH SITE IN MERKSEM WOULD BE
CLOSED
* CHOCOLATE & CONFECTIONERY FATS REPORTED STRONG VOLUME
GROWTH,
DRIVEN BY OUR CUSTOMER CO-DEVELOPED SOLUTIONS
Source text for Eikon: ID:nWkrbSwDtm
Further company coverage: AAK.ST
(Gdansk Newsroom)
((gdansk.newsroom@thomsonreuters.com; +48 58 772 0920;))