AAK AB (publ.) (AAK) Q2 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

First of all, our annual general meeting was held on May 8th in Malmö, Sweden, with shareholders representing 75% of the total votes. A strong turnout with thoughtful questions from investors both ahead of and during the meeting. We highly value the dialogue with our engaged shareholders and we will continue to welcome further constructive exchange going forward. Secondly, we recently published our principal adverse impacts or PI report for 2025. It outlines AAK's ESG performance through a set of standardized metrics, helping to increase transparency and making it easier for investors to assess our progress. This marks the third year in a row that we are releasing the PI report, following positive feedback from the investment community. The report is also part of our broader effort to help investors better understand our overall sustainability approach. The full report is available on our website. I'm also pleased to announce that Neshe Tagma has been appointed president sourcing, trading and sustainability. Neshe brings extensive international experience from the agri-food sector, having held senior roles across sourcing, trading and general management in markets such as France, Turkey, Romania, Belgium and the Netherlands. She succeeds Tim Stevinsson, who is retiring after a long and successful career with AAK. We all thank Tim for his outstanding contributions and wish him all the best in his well-earned retirement. Lastly, I want to briefly address the fire that occurred at our Kalsam site on the night of June 19th. The incident affected two external tanks at the fatty acid plant, which is used for non-food production. Fortunately, the fire was quickly extinguished and the situation was very well managed. No one was injured and the damage was limited to the insul...