First-half profits have jumped 15% at food ingredients manufacturer AAK thanks to improved earnings across its business.

The Sweden-based company today (22 July) reported net profit of SEK311m (US$47.9m) for the six months to the end of June, up from SEK270m a year ago. EBIT was 13% higher at SEK486m.

Go deeper with GlobalData

Premium Insights

The gold standard of business intelligence.

Find out more

However, revenue was down 4.6% at SEK8.05bn as lower raw material prices and foreign exchange hit the company’s sales.

AAK said its operating profit per kilo increased thanks to a “higher proportion of speciality and semi-speciality products”.

Click here for the full statement.

See Also:

How well do you really know your competitors?

Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.

Company Profile – free sample

Thank you!

Your download email will arrive shortly

Not ready to buy yet? Download a free sample

We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form

By GlobalData
Visit our Privacy Policy for more information about our services, how we may use, process and share your personal data, including information of your rights in respect of your personal data and how you can unsubscribe from future marketing communications. Our services are intended for corporate subscribers and you warrant that the email address submitted is your corporate email address.