Solid results in demanding market conditions
Johan Westman, President and CEO: ”Fourth quarter operating profit increased by 7 percent year-on-year at constant exchange rates, excluding the Hillside divestment, with profitability remaining strong at SEK 2.45 per kilo. Volumes declined by 2 percent. For the full year, operating profit increased by 9 percent at constant exchange rates, excluding the Hillside divestment and the second-quarter restructuring cost, reflecting disciplined execution and a culture of Making Better Happen. As we enter 2026, we remain prudently optimistic about our long-term potential and fully committed to delivering on our 2030 Aspiration.”
AAK Group
• Volumes declined by 2 percent to 507,000 MT (515,000), excluding the effect of the Hillside divestment.
• Operating profit was in line with the same period last year, excluding the Hillside divestment and including a SEK 80 million negative currency effect.
• Profit for the period totaled SEK 948 million (928).
• Earnings per share before dilution equaled SEK 3.64 (3.57).
• Cash flow from operating activities amounted to SEK 288 million (118).
• Return on Capital Employed (ROCE), R12M, was 20.9 percent (22.4 percent on December 31, 2024), excluding items affecting comparability.
• The Board proposes an ordinary dividend of SEK 5.50 (5.00) per share for 2025, a share buyback program of SEK 1,000 million per year over 3 years for a total of SEK 3,000 million, and an extraordinary dividend of SEK 3.85 per share for 2025.
Business areas
• Food Ingredients: Operating profit, excluding the Hillside divestment, amounted to SEK 735 million (738), on par with the same period last year.
• Chocolate & Confectionery Fats: Operating profit reached SEK 524 million (520), 1 percent above the same quarter last year.
• Technical Products & Feed: Operating profit totaled SEK 64 million (69), a 7 percent decrease compared to the same quarter last year.
Conference call
The Interim report for the fourth quarter and year-end report 2025 will be presented today, February 5, 2026 at 10:00 a.m. Central European Time (CET). For participation, please see instructions under the investor tab on the AAK website, www.aak.com.