AAK AB

AAK AB

17.14
EUR
+0.07
(+0.41%)
1.16EPS
17.85P/E
5.42BMarket Cap
Oct 23Next Earn
2013 Y
2014 Y
2015 Y
2016 Y
2017 Y
2018 Y
2019 Y
2020 Y
2021 Y
2022 Y
2023 Y
2024 Y
2025 Y
TTM
Revenue per Share
67.38
71.46
79.67
86.93
104.19
108.75
112.36
110
137.95
194.78
177.33
173.57
177.22
174.2
Basic EPS, GAAP
2.98
3.53
3.7
3.95
4.71
5.21
5.86
6.15
5.59
6.84
11.35
13.62
13.2
12.87
Free Cash Flow per Basic Share
3.04
0.37
2.94
0.93
1.11
1.44
2.98
5.04
-0.43
-5.02
15.68
4.26
-1.7
7.26
Dividend per Share
0.88
1
1.12
1.29
1.46
1.62
1.85
2.11
2.3
2.5
2.75
3.7
5
14.39
Book Value per Share
17.55
22.99
26
29.65
30.21
35.11
40.74
37.97
45.58
57.93
65.95
77.39
76.39
77.68
Tangible Book Value per Share
12.53
17.18
18.34
21.59
22.52
27.23
30.98
28.51
35.61
47.02
54.38
67.17
67.16
68.18
Basic Weighted Avg Shares
245
249
252
254
254
254
254
254
257
259
260
260
260
260
Sales/Revenue/Turnover
16,537
17,814
20,114
22,057
26,436
27,592
28,510
27,934
35,452
50,425
46,028
45,052
46,021
45,366
Operating Margin (%)
6.75
6.52
6.78
7.32
6.76
7.09
7.51
7.76
5.89
5.03
8.94
10.87
10.16
10
Depreciation Expense
343
381
431
464
491
552
687
755
718
818
857
862
882
842
Net Income, GAAP
732
879
933
1,003
1,194
1,322
1,487
1,563
1,437
1,770
2,946
3,536
3,429
3,352
Effective Tax Rate (%)
27.14
23.14
27.03
28.03
27.25
26.74
24.76
22.5
27.18
24.26
22.75
23.99
23.71
23.41
Profit Margin (%)
4.43
4.93
4.64
4.55
4.52
4.79
5.22
5.6
4.05
3.51
6.4
7.85
7.45
7.39
Working Capital
2,734
3,481
3,264
3,967
3,811
5,119
5,904
4,693
5,881
9,169
9,177
10,938
10,648
11,750
LT Debt
2,289
2,538
2,132
2,857
2,354
2,551
3,662
2,704
2,104
4,088
2,599
1,360
741
2,242
Total Equity
4,364
5,800
6,650
7,576
7,734
8,996
10,421
9,738
11,831
15,083
17,173
20,149
19,968
20,369
Return on Invested Capital (%)
11.64
12.34
11.17
11.04
11.37
11.7
11.11
11.01
9.76
9.69
14.08
15.91
14.28
14.07
Return on Capital (%)
11.66
12.48
11.35
10.96
11.77
12.17
11.45
11.19
9.81
9.88
14.34
16.35
14.65
14.32
Return on Common Equity (%)
17.98
17.43
15.11
14.21
15.73
15.95
15.45
15.6
13.38
13.2
18.32
19.01
17.15
16.85

Capital Structure

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
4,197
3,168
3,545
LT Borrowings
390
395
1,899
LT Finance Leases
351
339
343
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
260
261
261
Market Capitalization
68,417
63,433
60,018

Working Capital

SEK

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
21,411
23,228
22,761
Cash, Cash Equivalents & STI
1,566
1,598
1,843
Accounts Receivable, Net
5,834
6,442
6,461
Inventories
11,752
11,906
11,553
Total Current Liabilities
10,763
11,348
11,011
Payables & Accruals
- -
- -
- -
ST Debt
4,197
3,168
3,545
Deferred Revenue
- -
- -
- -

Growth Rates

SEK

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
12.09%
15.85%
-0.9%
Free Cash Flow
49.31%
67.15%
-139.84%
Net Income, GAAP
15.34%
19.71%
-3.03%
Sales/Revenue/Turnover
9.56%
12.09%
2.15%
Total Cash Common Dividend
16.75%
19.95%
35.21%

Quarterly Revenue

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
11,118
11,033
11,171
11,730
45,052
2025
11,743
11,300
- -
11,480
46,021
2026
11,388
11,198
- -
- -
- -

Quarterly Earnings Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
3.59
3.11
3.35
3.57
13.62
2025
3.59
2.47
- -
3.64
13.2
2026
3.69
3.07
- -
- -
- -

Quarterly Dividends Per Share

SEK

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
- -
3.7
- -
- -
3.7
2025
- -
5
- -
- -
5
2026
- -
9.36
- -
- -
- -

Company Description

CEO
Erik Johan Westman
Full Time Employees
4,000
Sector
Consumer non-durables
Industry
Food: specialty/candy
Address
Pulpetgatan 20 Malmö SN Sweden 215 37
IPO Date
Sep 29, 2005
Website
aak.com
Business
AAK AB (publ.) (AAK.ST) produces and supplies value-adding plant-based oils and fats for the global food, confectionery, personal care, technical products, and feed industries. The company develops specialty ingredients including baking fats, dairy and ice cream fats, chocolate and confectionery fats, plant-based food solutions, infant formula oils, foodservice fats, natural emulsifiers, fatty acids, candle waxes, and animal nutrition products; it operates through three main segments of Food Ingredients, Chocolate & Confectionery Fats, and Technical Products & Feed. AAK maintains 19 production sites, 25 regional sales offices, and 16 customer innovation centers across more than 20 countries, supporting co-development with approximately 4,000 customers worldwide. Founded in 2005 through the merger of Karlshamns AB and Aarhus United (with roots dating to 1871), the company is headquartered in Malmö, Sweden, and employs around 4,000 people. In recent developments, AAK divested its North American Foodservice facility in Hillside, New Jersey, to Stratas Foods LLC in late 2024 to optimize operations and generate approximately SEK 600 million in cash flow, while committing SEK 400 million over 2025-2026 to expand European Foodservice capabilities including a new facility in Dalby, Sweden, and modernization of the Hastings site in the UK; it launched AkoVita OptiSyn for metabolic health, opened innovation centers in Antwerp and Lund, entered a joint venture with Kuala Lumpur Kepong Berhad for specialty palm fractions, and achieved FairWild certification for its Kolo Nafaso shea program in West Africa.

Company News

  • AAK AB (publ.) (ARHUF) Q2 2026 Earnings Call Transcript

  • AAK AB (publ.) (ARHUF) Q1 2026 Earnings Call Transcript

  • AAK AB (publ.) (ARHUF) Q4 2025 Earnings Call Transcript