Earnings Alerts

AAK (AAK) Earnings: 3Q Operating Profit Surpasses Expectations Despite Sales Shortfall

By October 24, 2024 No Comments
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  • AAK reported an operating profit of SEK 1.26 billion, surpassing the estimate of SEK 1.21 billion.
  • Earnings per share (EPS) were SEK 3.35, slightly below the projected SEK 3.42.
  • Net sales stood at SEK 11.17 billion, which was under the estimated SEK 11.63 billion.
  • The CEO highlighted a commitment to achieving an average operating profit growth of 10% over the long term.
  • The company aims to maintain a balance between value and volume amidst challenging market conditions and tough year-over-year comparisons.
  • AAK maintains a cautiously optimistic outlook for the future.
  • Market analysis includes 6 buy recommendations, 4 hold recommendations, and 2 sell recommendations.

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A look at AAK Smart Scores

FactorScoreMagnitude
Value2
Dividend2
Growth5
Resilience3
Momentum4
OVERALL SMART SCORE3.2

Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma

Looking at the Smartkarma Smart Scores for AAK AB, the company seems to have a positive long-term outlook based on its scores across different factors. With a strong score of 5 for Growth, AAK is positioned well for future expansion and development in its specialty vegetable oils and fats business. Additionally, scoring a 4 for Momentum suggests that the company is gaining traction and investor interest, signaling potential for continued advancement.

While AAK scores indicate strength in Growth and Momentum, it falls slightly behind in Value and Dividend with scores of 2 on both factors. However, its Resilience score of 3 implies a decent level of stability and capability to weather challenges. Overall, AAK AB’s diverse operations in Chocolate and Confectionery Fats, Food Ingredients, and Technical Products and Feed segments position it favorably for sustained growth and resilience in the long run.


Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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