Brief: AAK Q4 Operating Profit Up At SEK 607 Mln

AAK AB (publ)

28/01/2021 07:54

Jan 28 (Reuters) - AAK AB (publ)  AAK.ST :
    * Q4 OPERATING PROFIT 607 MILLION SEK
    * Q4 EARNINGS PER SHARE 1.69 SEK
    * AAK'S INTERIM REPORT FOR THE FOURTH QUARTER AND YEAR-END
REPORT
2020 - STRONG FINISH TO AN UNPRECEDENTED YEAR
    * Q4 TOTAL VOLUMES FOR QUARTER WERE ON PAR WITH LAST YEAR
AND
AMOUNTED TO 580,000 MT (582,000).
    * BOARD OF DIRECTORS PROPOSES THAT A DIVIDEND OF SEK 2.30
(2.10)
PER SHARE BE PAID FOR FINANCIAL YEAR 2020
    * Q4 TOTAL VOLUMES 580,000 MT VERSUS 582,000 MT YEAR AGO
    * Q4 OPERATING PROFIT, INCLUDING A NEGATIVE CURRENCY
TRANSLATION
IMPACT OF SEK 62 MILLION, INCREASED BY 8 PERCENT, REACHING SEK
607 MILLION (562)
    * SEQUENTIAL INCREASE IN VOLUMES CONTINUED IN BEGINNING OF
Q4 BUT
SOFTENED TOWARDS END DUE TO ADDITIONAL RESTRICTIONS IN MANY
COUNTRIES.
    * IN LINE WITH OUR STRATEGIC DIRECTION, WE CONTINUE TO DRIVE
YEAR-OVER-YEAR VOLUME GROWTH FOR OUR HIGH-END SPECIALITY
SOLUTIONS.
    * CHOCOLATE & CONFECTIONERY FATS REPORTED VOLUME GROWTH IN
ALL
PRODUCT CATEGORIES
    * BUSINESS DYNAMICS WITHIN FOOD INGREDIENTS WERE MIXED
    * IT WAS ALSO A VERY GOOD QUARTER FOR TECHNICAL PRODUCTS &
FEED,
MAINLY DRIVEN BY OUR FEED BUSINESS AND A GOOD PERFORMANCE IN OUR
CRUSHING OPERATIONS.
    * GOING INTO 2021, UNCERTAINTY AND VOLATILITY REMAIN VERY
HIGH
MAKING IT DIFFICULT TO PREDICT SHORT-TERM FUTURE
    * WE SEE NO REASON TO ADJUST OUR VIEW ON STRONG FAVORABLE
UNDERLYING LONG-TERM TRENDS IN OUR MARKETS

Source text for Eikon:  ID:nWkr6xjyHh 
Further company coverage:  AAK.ST 

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