AAK Interim Report, First Quarter, 2009

AAK Interim Report, First Quarter, 2009

First quarter 2009			
•	Net sales were up 15 percent, SEK 4,223 million (3,683).
•	Operating profit at SEK 157 million was down 24 percent from SEK 207 million
last year due to decline in Chocolate & Confectionery Fats - mainly destocking,
lower demand and lower volumes to Eastern Europe.
•	Earnings per share was SEK 1.59 (2.41). Including the IAS adjustment and
non-recurring items, earnings per share was SEK 2.03 (5.57).
•	Positive cash flow from operating activities before investments amounted to
SEK 22 million (-330). 
 

The Group CEO comments
“Chocolate & Confectionery Fats has been negatively affected, partly by an
industry-wide destocking and lower demand; partly by exercising a very
restrictive credit policy to Eastern European countries. Food Ingredients
continues to improve and is showing strong results despite the recession. Cash
flow has improved and will continue to do so during the year.  AAK still expects
additional significant positive effects from insurance compensation,” says Group
CEO Jerker Hartwall in his comments to the report. 

Jerker Hartwall
Chief Executive	 Officer and President

This report has not been reviewed by the Company's auditors.

The information is that which AarhusKarlshamn AB (publ) is obliged to publish
under the provisions of the Stock Exchange and Clearing Operations Act and/or
the Trading in Financial Instruments Act. 
The information was released to the media for publication on 19 May 2009 at
12.00 a.m.