AAK AB (OSTO:AAK)

kr 304 -4.2 (-1.36%) Market Cap: 78.91 Bil Enterprise Value: 81.56 Bil PE Ratio: 24.56 PB Ratio: 4.15 GF Score: 84/100

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Q3 2019 AAK AB (publ) Earnings Call Transcript

Oct 24, 2019 / 08:00AM GMT

Release Date Price: kr171.15 (-5.29%)

Transcript

Operator

Ladies and gentlemen, welcome to the AAK Q3 report 2019. Today, I am pleased to present Johan Westman, President and CEO. (Operator Instructions)

Speaker, please begin.

Johan Westman;publ.;President;CEO

AAK AB

()-&

Thank you very much, and good morning, everyone. Welcome to the AAK Quarter 3 Investor Call. As usual, I have also our CFO, Fredrik Nilsson, with me to present a few of the slides as well as being here for the Q&A session at the end.

The agenda is on Page 2. We'll start with some comments through the third quarter, talk about a few of the strategic initiatives as well as some update on the business areas, and after that, we do a normal Q&A session.

So with that, I am turning to Page #3. Some of the highlights for the quarter. We continue to grow our EBIT. We are -- adjusted for acquisition costs, we are up 8% year-over-year with an adjusted operating profit of SEK 569 million. We have had a strong improvement within Bakery and Dairy. So Food Ingredients is up.

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