AAK operating profit rises 15%

by Jeff Gelski
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MALMO, SWEDEN — Operating profit at AAK increased 15% to 204 million Swedish krona ($33.5 million) in the first quarter. The company had first-quarter net sales of 3,843 million Swedish krona ($630.7 million) mainly due to increased raw material prices, which were offset partly by a negative currency translation impact of 253 million Swedish krona.

Volumes decreased by 4% because of lower commodity volumes. The business area of Chocolate & Confectionery Fats showed volume growth and stable margins.

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