Last kr406.50 SEK
Change Today -0.60 / -0.15%
Volume 20.9K
AAK On Other Exchanges
Symbol
Exchange
Stockholm
OTC US
OTC US
As of 11:29 AM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

aak ab (AAK) Snapshot

Open
kr410.00
Previous Close
kr407.10
Day High
kr410.00
Day Low
kr405.20
52 Week High
06/23/14 - kr450.00
52 Week Low
08/28/13 - kr360.50
Market Cap
16.9B
Average Volume 10 Days
26.8K
EPS TTM
kr19.06
Shares Outstanding
41.7M
EX-Date
05/9/14
P/E TM
21.3x
Dividend
kr6.00
Dividend Yield
1.48%
Current Stock Chart for AAK AB (AAK)

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aak ab (AAK) Details

AAK AB refines and sells vegetable oils for specialized products worldwide. It provides cocoa butter alternatives, filling fats, chocolates, compound and compound coatings, confectionery fillings, chocolate spreads, and barrier fats under ILLEXAO, AKOPOL, CEBES, SILKO, CHOCOFILL, DELIAIR NH, AKOSPREAD, and BARRIER FAT names to the chocolate and confectionery industry. The company also offers food ingredients for baking of good bread, biscuits and cookies, cakes, and laminated pastries; dairy fat alternatives for dairy applications, such as cheese, butterblends, whipped cream, or soured products; ice cream fats to complement or replace milk fat; oils for infant formulas under the InFat brand; oils/fats ingredients; and functional vegetable oils and fats for food preparation in hotels, restaurants, and fast-food chains. In addition, it provides fatty acids for use in paper chemicals, soaps, detergents, rubber, and plastic; glycerine for various applications, such as cosmetics, explosives, tobacco, and paints, as well as for the technical industry; and deinking chemicals. Further, the company offers lubricants under the Binol and BioSafe brands for the metalworking, forestry, and construction industries; vegetable proteins and fats for the animal feed industry; and natural vegetable wax solutions to candle manufacturers, wax blenders, and candle supply companies. Additionally, it provides personal care products, such as emollients that offer formulator a range of alternatives for making cosmetics; bioactives used in vegetable oils; surfactants, which enhance rinse-off formulations; structuring agents that are used to formulate stable pencils, lip balms, and sticks, as well as for stabilizing emulsions for cosmetics and personal care; and emulsifiers used in natural cosmetics. The company was formerly known as AarhusKarlshamn AB (publ) and changed its name to AAK AB in June 2014. AAK AB is headquartered in Malmö, Sweden.

2,221 Employees
Last Reported Date: 07/17/14

aak ab (AAK) Top Compensated Officers

Chief Executive Officer, President and Direct...
Total Annual Compensation: kr8.4M
Compensation as of Fiscal Year 2012.

aak ab (AAK) Key Developments

AAK Reports Consolidated Earnings Results for the Second Quarter and Consolidated and Parent Earnings Results for the Six Months Ended June 30, 2014; Provides Earnings Guidance for the Year 2014

AAK reported consolidated earnings results for the second quarter and consolidated and parent earnings results for the six months ended June 30, 2014. For the quarter, on consolidated basis, the company reported sales of SEK 4,114 million compared to SEK 4,034 million a year ago. The increase was mainly due to the positive impact of the Unipro acquisition. Operating profit was SEK 272 million compared to SEK 244 million a year ago. Total operating income was SEK 4,144 million against SEK 4,066 million a year ago. Result before tax was SEK 241 million against SEK 216 million a year ago. Net result attributable to parent company shareholders was SEK 172 million against SEK 153 million a year ago. Cash flow from operating activities was SEK 168 million against SEK 576 million a year ago. Earnings per share including full dilution was SEK 4.07 against SEK 3.62 a year ago. Net interest-bearing debt as at June 30, 2014 was SEK 2,482 million against SEK 2,328 million a year ago. EBITDA was SEK 364 million against SEK 330 million a year ago. For the six months, on consolidated basis, the company reported net sales of SEK 8,243 million against SEK 8,045 million a year ago. Total operating income was SEK 8,295 million against SEK 8,131 million a year ago. Operating profit was SEK 559 million against SEK 486 million a year ago. Result before tax was SEK 502 million against SEK 435 million a year ago. Net results attributable to parent company shareholders was SEK 359 million against SEK 308 million a year ago. Cash flow from operating activities was SEK 249 million against SEK 789 million a year ago. Earnings per share including full dilution was SEK 8.54 against SEK 7.28 a year ago. EBITDA was SEK 742 million against SEK 660 million a year ago. For the six months, on parent company basis, the company reported net sales of SEK 36 million against SEK 29 million a year ago. Total operating income was SEK 36 million against SEK 29 million a year ago. Operating loss was SEK 37 million against SEK 26 million a year ago. Loss before tax was SEK 46 million against profit before tax of SEK 77 million a year ago. Net loss attributable to parent company shareholders was SEK 36 million against net profit attributable to parent company shareholders of SEK 77 million a year ago. For 2014, operating profit is expected to be stable or to improve slightly compared to the prior year.

AAK AB, Q2 2014 Earnings Call, Jul 17, 2014

AAK AB, Q2 2014 Earnings Call, Jul 17, 2014

AAK Signs New Committed Credit Facilities

AAK has signed new committed credit facilities. The facilities will replace existing committed facilities, which mature early 2016, and will be used to finance current operations and potential acquisitions. The new credit facilities are partly a five year club deal of EUR 400 million (approximately SEK 3,600 million), partly two committed three year bilateral facilities, totaling SEK 1,500 million. All facilities include an extension option of one plus one year. The new committed credit facilities have been obtained at more favourable conditions than the previous facilities. Altogether the company has committed credit facilities of approximately SEK 5,600 million. The transaction will imply some one-off costs in the second quarter, which will be reported under financial items.

 

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Valuation AAK Industry Range
Price/Earnings 21.3x
Price/Sales 1.0x
Price/Book 3.5x
Price/Cash Flow 14.9x
TEV/Sales 0.8x
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