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AAK’s Interim Report for the fourth quarter and Summarized Financial Statement, 2011

Fourth quarter 2011

Net sales in the fourth quarter increased to SEK 4,483 million (3,930), mainly due to increased raw material prices and a better product mix, partly offset by a negative currency translation impact of SEK 137 million. Volume increased by 2 percent due to increases in speciality volumes, including the impact of the Golden Foods/Golden Brands acquisition; commodity volumes were down, mainly in the UK as expected.

Operating profit amounted to SEK 265 million (251), an improvement of 6 percent. At fixed exchange rates operating profit improved by 10 percent.

Earnings per share amounted to SEK 4.82 (4.98), a decrease of 3 percent, mainly due to higher taxes.


Full year 2011

Net sales increased to SEK 16,695 million (14,808) mainly due to increased raw material prices and a better product mix, offset by a negative currency translation impact of SEK 983 million. Volume overall decreased by 1 percent due to lower commodity volumes, mainly in the UK. Speciality volumes continue to increase.

Operating profit amounted to SEK 911 million (824), an improvement of 11 percent. At fixed exchange rates operating profit improved by 18 percent.

Earnings per share amounted to SEK 14.72 (14.15), an improvement of 4 percent despite higher interest rates.

Proposed dividend SEK 4.75 (4.50) an increase of SEK 0.25 or 6 percent.

 Investor Relations contact:

Arne Frank, President and CEO
Phone: + 46 40 627 83 00

Anders Byström, Chief Financial Officer
Phone: + 46 40 627 83 00

Fredrik Nilsson, Head of Investor Relations
Phone: + 46 40 627 83 34
Mobile: + 46 708 95 22 21
E-Mail: fredrik.nilsson@aak.com

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 February 9, 2012 at 08.15 am CET.



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