Q1 2026 AAK AB (publ) Earnings Call Transcript
Key Points
- AAK AB (ARHUF) reported a solid start to the year with organic volume growth and strong profitability.
- Operating profit increased by 11% year-on-year at fixed exchange rates, showcasing effective internal optimization and productivity improvements.
- The company achieved a return on capital employed of 20.7%, reflecting strong financial performance.
- AAK AB (ARHUF) was awarded a silver medal in the 2026 EcoVadis assessment, placing it in the top 12% of companies in its category for sustainability.
- Construction of the new food service facility in Staffanstorp, Sweden, is progressing well and is expected to be fully operational by the end of the year, enhancing capacity and efficiency.
- Currency translation had a negative impact on reported figures, with growth at fixed exchange rates being more modest at 2%.
- Volumes in Chocolate & Confectionery Fats declined by 1% year-on-year, with mixed performance across regions.
- Operating profit per kilo in Food Ingredients decreased by 7% year-on-year in reported numbers due to currency headwinds.
- The net debt-to-EBITDA ratio is expected to increase in Q2 2026 due to dividend payments and the initiation of a share buyback program.
- Near-term market conditions remain cautious with limited visibility, necessitating a focus on disciplined execution and operational efficiency.
Welcome to the AAK Q1 2026 report presentation. (Operator Instructions) Today's event will last for 45 minutes. Now I will hand the conference over to the speakers CEO, Johan Westman; and CFO, Tomas Bergendahl. Please go ahead.
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Good morning, everyone. Thank you for joining us, and thank you for your interest in AAK. As you heard, with me here today to review our first quarter results is our CFO, Tomas Bergendahl. Please turn to page or slide number 2. Today, we will cover quarterly highlights, selected events and the business and financial update, followed by concluding remarks. This presentation is scheduled for 45 minutes in total, including questions and answers at the end.
And with that, please turn to page number 3, regarding forward-looking statements. This presentation includes forward-looking statements that come with risks and uncertainties. These are our views on future events and financial performance, but actual results may differ.
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