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MarketScreener Homepage  >  Equities  >  NASDAQ OMX STOCKHOLM  >  AAK AB    AAK   SE0011337708

AAK AB

(AAK)
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Real-time Estimate Quote. Real-time Estimate Cboe Europe - 01/18 11:29:50 am
163.375 SEK   -0.20%
01/13AAK : appoints Tomas Bergendahl as new Chief Financial Officer
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2020AAK : Change in number of shares and votes in AAK AB (publ.)
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2020AAK AB : Ex-dividend day for final dividend
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AAK : has acquired the remaining shares of its joint venture in India

10/22/2020 | 02:25am EST

To further strengthen its position in the strategic and fast-growing Indian market, AAK AB (publ.) has acquired the remaining 31 percent of the shares of AAK Kamani, the joint venture between AAK and Kamani Oil Industries Pvt Ltd. that was formed in September 2015. AAK now owns 100 percent of AAK Kamani.

'Working together with the founding family for the past five years, AAK is now ready to lead the next growth journey for AAK Kamani', said Sten Estrup, President AAK Asia. 'Since engaging in the joint venture, we have together with Prakash Chawla and his family continuously expanded and developed AAK Kamani based on its strong heritage and brand recognition.'

Kamani Oil Industries Pvt Ltd. was founded by the Chawla family more than 55 years ago. The company was a pioneer in introducing speciality oils and fats to the Indian market.

'The trust, openness, warmth and sharp focus displayed by the AAK team led to a wonderful partnership', said Prakash Chawla. 'Together, we have been able to create great value for all stakeholders and I am convinced that the company has an immensely bright future ahead in India.'

Although the ongoing pandemic has brought many challenges to business operations across the world, Dheeraj Talreja, President AAK India, emphasizes that his team has shown resilience and adaptability throughout the year.

'We are very grateful for the support and loyalty we have received from all stakeholders', he said. 'Despite the current challenges, 'Incredible India' remains one of the most exciting food ingredients markets in the world due to its sheer size, gastronomic diversity and development potential.'

The payment for the remaining shares will be completed in the coming weeks.

For further information, please contact:
Fredrik Nilsson
CFO

Mobile: +46 708 95 22 21
E-mail: fredrik.nilsson@aak.com

The information was submitted for publication at 8:15 a.m. CET on October 22, 2020.

AAK is a leading provider of value-adding vegetable oils & fats. Our expertise in lipid technology within foods and special nutrition applications, our wide range of raw materials and our broad process capabilities enable us to develop innovative and value-adding solutions across many industries - Chocolate & Confectionery, Bakery, Dairy, Plant-based Foods, Special Nutrition, Foodservice, Personal Care, and more. AAK's proven expertise is based on more than 140 years of experience within oils & fats. Our unique co-development approach brings our customers' skills and know-how together with our own capabilities and mindset for lasting results. Listed on Nasdaq Stockholm and with our headquarters in Malmö, Sweden, AAK has more than 20 different production facilities, sales offices in more than 25 countries and more than 3,900 employees. We are AAK -The Co-Development Company.

Press release (PDF)

Disclaimer

AAK AB published this content on 22 October 2020 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 22 October 2020 06:24:00 UTC


© Publicnow 2020
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Financials
Sales 2020 27 841 M 3 319 M 3 319 M
Net income 2020 1 539 M 184 M 184 M
Net Debt 2020 2 774 M 331 M 331 M
P/E ratio 2020 27,1x
Yield 2020 1,33%
Capitalization 41 786 M 4 982 M 4 982 M
EV / Sales 2020 1,60x
EV / Sales 2021 1,46x
Nbr of Employees 3 990
Free-Float 69,6%
Chart AAK AB
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Technical analysis trends AAK AB
Short TermMid-TermLong Term
TrendsBearishNeutralNeutral
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 198,43 SEK
Last Close Price 163,70 SEK
Spread / Highest target 58,8%
Spread / Average Target 21,2%
Spread / Lowest Target 8,74%
EPS Revisions
Managers and Directors
NameTitle
Erik Johan Westman President & Chief Executive Officer
Carl Georg Brunstam Chairman
David Smith Vice President & President-Global Operations
Fredrik Nilsson CFO, Head-Corporate Communications & IT
Karsten Nielsen Chief Technology Officer & Vice President
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