AAK AB (publ.) (AAK) Q1 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

report presentation. For the first part of the presentation, participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now I will hand the conference over to the speakers, CEO Johan Westman and CFO Tomas Bergendahl. Please go ahead. Good morning, everyone. Thank you for joining us today and for your interest in AAK. With me here today in Malmö to review our first quarter financial results is Thomas Bergendahl, our CFO. With that, let's turn to page two. This is what we will cover today. Quarterly highlights, selected events, a business and financial update, and then some concluding remarks. The presentation is scheduled for 45 minutes, including Q&A at the end as normal. on page three just a few comments there our presentation includes forward-looking statements that come with risk and uncertainties these are our views on future events and financial performance but actual results could be different so please keep that in mind when we go when we are going over the materials All right, let's get to it on slide number four, quarterly highlights for Q1 2025. Let us start with an overview of our performance in the quarter. As you see in the Q1 report published this morning, we delivered a resilient operating profit despite somewhat soft end markets. Volumes excluding the hillside divestment that we communicated earlier, was declining by five percent. This decline was primarily driven by food ingredients with lower sales of non-speciality oils and a decline in bakery. Despite the lower volumes operating profit per kilo excluding the hillside divestment increased by seven percent. This was supported by our ongoing global optimization efforts and continued favor...