Business Segments AAK AB

Equities

Delayed Nasdaq Stockholm Other stock markets 20:00:00 06/03/2026 +03			5-day change	1st Jan Change
237.20 ^SEK	+0.08%		-4.12%	-10.08%

02-27	Berenberg Lowers Price Target for AAK to 273 Kronor (279), Reiterates Hold - BN	FW
02-18	Barclays Lowers Price Target for AAK to 245 Kronor (255), Reiterates Underweight - BN	FW

Breakdown by Business Segment (SEK)

Fiscal Period: December	2020	2021	2022	2023	2024
Industrial Organic Chemicals
Food Ingredients	20.71B	23.24B	32.66B	29.89B	28.76B
Total Assets	10.6B	13.85B	16.3B	14.68B	14.46B
CAPEX	-422M	-435M	-715M	-638M	-703M
D&A	437M	648M	491M	535M	527M
Operating Income	1.19B	1.08B	1.65B	2.64B	3.07B
Confectionery Products
Chocolate & Confectionery Fats	14.05B	10.12B	14.81B	13.69B	13.96B
Total Assets	8.82B	10.37B	13.05B	12.08B	15.22B
CAPEX	-293M	-160M	-477M	-548M	-411M
D&A	261M	254M	255M	283M	274M
Operating Income	782M	971M	806M	1.52B	1.98B
Animal Feed
Technical Products & Feed	1.6B	2.09B	2.95B	2.44B	2.33B
Total Assets	959M	1.36B	1.38B	1.1B	1.07B
CAPEX	-33M	-23M	-33M	-36M	-86M
D&A	44M	45M	46M	48M	48M
Operating Income	149M	214M	303M	258M	176M
Eliminations	-8.42B	-	-	-	-
Total Assets	1.81B	1.51B	2.54B	2.59B	3.12B
Corporate	-	-	-	-	-
Total Assets	-	-	-	-	-
Total Assets	92M	76M	720M	106M	523M
CAPEX	-2M	-1M	-1M	-23M	-45M
D&A	13M	11M	7M	11M	13M
Operating Income	44M	-172M	-223M	-305M	-334M

Geographical breakdown of sales (SEK)

Fiscal Period: December	2020	2021	2022	2023	2024
Rest of Europe	-	10.81B	13.22B	10.67B	10.61B
Total Assets	-	9.05B	10.4B	8.79B	10.33B
USA	-	7.39B	10.92B	10.09B	9.34B
Total Assets	-	2.1B	2.62B	2.64B	2.15B
Asia	3.24B	4.38B	6.64B	6.24B	6.92B
Total Assets	3.63B	4.58B	5.27B	4.72B	6.44B
CAPEX	-147M	-34M	-21M	-45M	-48M
Mexico	-	3.84B	5.98B	5.74B	5.75B
Rest of North and South America	-	2.71B	5.55B	5.33B	5.1B
Total Assets	-	7.5B	10.17B	8.91B	9.35B
United Kingdom	-	2.74B	3.6B	3.71B	3.52B
Total Assets	-	1.13B	1.21B	1.24B	1.36B
Sweden	-	3.17B	3.78B	3.58B	3.25B
Total Assets	-	1.02B	1.11B	1.19B	1.32B
CAPEX	-	-	-	-	-
Other Countries	356M	408M	731M	664M	558M
Total Assets	652M	427M	1.53B	1.09B	1.28B
CAPEX	-8M	-4M	-3M	-1M	-11M
Europe	13.52B	-	-	-	-
Total Assets	11.41B	-	-	-	-
CAPEX	-355M	-302M	-648M	-687M	-680M
Other Nordic Countries	-	-	-	-	-
Total Assets	-	-	-	-	-
Denmark	-	-	-	-	-
Total Assets	-	1.36B	1.69B	1.98B	2.17B
CAPEX	-	-	-	-	-
North and South America	10.82B	-	-	-	-
Total Assets	6.59B	-	-	-	-
CAPEX	-240M	-279M	-554M	-512M	-506M
Western Europe	-	-	-	-	-
Total Assets	-	-	-	-	-
CAPEX	-	-	-	-	-
Central and Eastern Europe	-	-	-	-	-
Total Assets	-	-	-	-	-