AAK AB (publ.) (AAK) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome to the AAK Q1 twenty twenty six Report Presentation. Today's event will last for forty five minutes. 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, and thank you for your interest in AAK. As you heard, with me here today to review our first quarter results is our CFO, Thomas Bergendahl. Please turn to page or slide number two. Today, we will cover quarterly highlights, selected events and the business and financial update followed by concluding remarks. This presentation is scheduled for forty five minutes in total, including questions and answers at the end. And with that, please turn to Page number three regarding forward looking statements. This presentation includes forward looking statements that come with risks and uncertainties. These are our views on future events and financial performance, but actual results may differ. With that, please turn to slide four, quarterly highlights. We delivered a solid start to the year with both organic volume growth and continued strong profitability. As expected, currency translation had a negative impact on reported figures. Operating profit increased by 11% year on year at fixed exchange rates. Including currency effects, growth was more modest at 2%, reflecting the headwind from FX during the quarter. Volumes amounted to five and fifteen thousand metric tons corresponding to a 3% increase year on year. This marks a return to growth following a period of softer demand supported by improved commercial execution. Profitability remained strong with operating profit per kilo reaching SEK2.49. This represents a 9% increase at fixed FX rates. The improvement was driven by continued internal optimization,...