AAK, a producer of plant-based specialty ingredients, posted revenue in line with expectations for the fourth quarter. Operating profit also matched forecasts. The board is proposing an increased regular dividend, a share buyback, and a special dividend.
Revenue fell by 2.1 percent to 11,480 million kronor (11,730). The result can be compared to Modular Finance's analyst consensus, which stood at 11,535.
Volumes decreased by 2 percent to 507,000 tons (515,000), excluding the effect of the Hillside divestment. Including the divestment, reported volumes declined by 6 percent.
Operating profit amounted to 1,242 million kronor (1,268), with expectations at 1,265. The operating margin was 10.8 percent (10.8).
Net profit after tax was 948 million kronor (928), compared to analyst consensus of 922.
Earnings per share were 3.64 kronor (3.57).
The proposed regular dividend is 5.50 kronor per share (5.00). In addition, a special dividend of 3.85 kronor is proposed. The board is also suggesting a share buyback program of 1,000 million kronor per year over three years, starting in 2026.
Cash flow from operating activities amounted to 288 million kronor (118).
AAK publ AB, also known as AarhusKarlshamn publ AB, is a Sweden-based holding company active primarily in the food processing sector. The Company refines vegetable oils for specialized products. The Company is organized, along with its subsidiaries, into three business segments: the Food Ingredients segment includes baking fat, dairy fat alternatives, Ice cream fats, infant formulas and oil/fats ingredients, among others; the Chocolate & Confectionery Fats segment provides chocolate and confectionery advantages, ranging from products developed for better sensory, health and longer shelf life to cost efficiency, know-how, technology and service, and the Technical Products & Feed segment includes golden wax, fatty acids, glycerin, deinking chemicals and animal feed. The Company operates Kamani Oil Industries Pvt Ltd. as a majority owned subsidiary.
This super rating is the result of a weighted average of the rankings based on the following ratings: Global Valuation (Composite), EPS Revisions (4 months), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Investor
Investor
This super composite rating is the result of a weighted average of the rankings based on the following ratings: Fundamentals (Composite), Global Valuation (Composite), EPS Revisions (1 year), and Visibility (Composite). We recommend that you carefully review the associated descriptions.
Global
Global
This composite rating is the result of an average of the rankings based on the following ratings: Fundamentals (Composite), Valuation (Composite), Financial Estimates Revisions (Composite), Consensus (Composite), and Visibility (Composite). The company must be covered by at least 4 of these 5 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
Quality
Quality
This composite rating is the result of an average of the rankings based on the following ratings: Capital Efficiency (Composite), Quality of Financial Reporting (Composite), and Financial Health (Composite). The company must be covered by at least 2 of these 3 ratings for the calculation to be performed. We recommend that you carefully review the associated descriptions.
