AAK AB (publ.) Reports Earnings Results for the Third Quarter and Nine Months Ended September 30, 2022
October 25, 2022 at 02:30 am EDT
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AAK AB (publ.) reported earnings results for the third quarter and nine months ended September 30, 2022. For the third quarter, the company reported sales was SEK 13,306 million compared to SEK 9,214 million a year ago. Revenue was SEK 13,330 million compared to SEK 9,260 million a year ago. Net income was SEK 610 million compared to SEK 463 million a year ago. Basic earnings per share from continuing operations was SEK 2.36 compared to SEK 1.8 a year ago. Diluted earnings per share from continuing operations was SEK 2.36 compared to SEK 1.79 a year ago.
For the nine months, sales was SEK 37,108 million compared to SEK 25,011 million a year ago. Revenue was SEK 37,223 million compared to SEK 25,148 million a year ago. Net income was SEK 1,255 million compared to SEK 961 million a year ago. Basic earnings per share from continuing operations was SEK 4.85 compared to SEK 3.74 a year ago. Diluted earnings per share from continuing operations was SEK 4.85 compared to SEK 3.73 a year ago.
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.
AAK AB 
