Brief: AAK Q4 Operating Profit Up At SEK 562 Mln

AAK AB (publ)

30/01/2020 09:50

Jan 30 (Reuters) - AAK AB (publ)  AAK.ST :
    * AAK'S INTERIM REPORT FOR THE FOURTH QUARTER AND YEAR-END
REPORT
2019 - CONTINUED PROFIT GROWTH AND NEW STRATEGIC DIRECTION
    * PROPOSES THAT A DIVIDEND OF SEK 2.10 (1.85) PER SHARE BE
PAID
FOR FINANCIAL YEAR 2019, AN INCREASE OF 14 PERCENT.
    * Q4 SALES AMOUNTED TO SEK 7,380 MILLION (6,992), AN
INCREASE OF 6
PERCENT
    * STRATEGIC DIRECTION WILL BE FOCUSED ON OPPORTUNITIES
WITHIN
SPECIFIC INDUSTRIES WE SERVE AS WELL AS SUSTAINABILITY, HEALTH
AND NUTRITION.
    * Q4 OPERATING PROFIT, INCLUDING A POSITIVE CURRENCY
TRANSLATION
IMPACT OF SEK 12 MILLION, REACHED SEK 562 MILLION (516), AN
IMPROVEMENT OF 9 PERCENT
    * WILL STEP UP FOCUS AND INVESTMENTS WITHIN PLANT-BASED
FOODS AND
DEVELOP A HEALTH & NUTRITION PLATFORM.
    * WE CONTINUE TO SEE FAVORABLE UNDERLYING TRENDS IN OUR
MARKETS
AND WE REMAIN PRUDENTLY OPTIMISTIC ABOUT FUTURE.
    * WE ARE WELL POSITIONED WITH OUR OFFER OF PLANT-BASED,
HEALTHY,
HIGH VALUE-ADDING OILS AND FATS SOLUTIONS, USING OUR CUSTOMER
CO-DEVELOPMENT APPROACH
    * FOR SPECIAL NUTRITION AND CHOCOLATE & CONFECTIONERY FATS
WE WILL
INVEST FOR CONTINUED GROWTH WHILE FOCUSING ON OPTIMIZING OUR
PERFORMANCE WITHIN BAKERY AND DAIRY
    * WE WILL STEP UP OUR FOCUS AND INVESTMENTS WITHIN
PLANT-BASED
FOODS AND DEVELOP A HEALTH & NUTRITION PLATFORM

Source text for Eikon:  ID:nWkr7h0lSm 
Further company coverage:  AAK.ST 

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