AAK AB (OTCPK:ARHUF)

$ 19.26 0 (0%) Market Cap: 7.70 Bil Enterprise Value: 7.95 Bil PE Ratio: 25.09 PB Ratio: 4.24 GF Score: 83/100

Q4 2023 AAK AB (publ) Earnings Call Transcript

Feb 07, 2024 / 09:00AM GMT

Release Date Price: $19.26

Transcript

Johan Westman;publ.;President;CEO

AAK AB

()-&

Thank you, and welcome. Good morning, everyone. This is the AAK AB Q4 earnings call. As you heard together with me, as usual, I have our CFO, Tomas Bergendahl. And now we will take you through the presentation today. And then as usual, we are happy to take all your questions afterwards.

On page 2, you will see the agenda for today and with that I suggest that we jump right into Page four and start our presentation of Q4.

We are really closing the year with strength. It's been a strong year for AAK AB in total and Q4 was no exception to that. Our operating profit increased by 50% at fixed FX rates. This was very much driven by internal process optimization. We've talked about that earlier but very much in line with what we have been doing and executing throughout the year. Also better portfolio and price management, including the continued focus on selling more of our speciality solutions, and that is a focus that we'll continue with it.

Our volumes, however, declined 4% year on

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