AarhusKarlshamn AB (publ) Financial Statement, January - December, 2006*

AarhusKarlshamn AB (publ) Financial Statement, January - December, 2006*

• Net sales totalled SEK 10,929 (10,515) million.
• The operating profit, excluding effects of IAS 39 of SEK 44 million and excluding non-recurring items of SEK 157 million, amounted to SEK 455 (530) million. 
• In 2005 the profit from subcontracted processing within the Chocolate & Confectionery Fats business area was SEK 60 million for the full year. This activity was discontinued at the end of 2005.
• The operating profit including non-recurring items and after adjustment for IAS 39 amounted to  SEK 298 million.
• Profit after tax was SEK 177 million.
• Earnings per share amounted to SEK 4.18.
• The first wave of synergies is generating SEK 175 million, per annum, with full effect  
  as from 2008. The total non-recurring cost for the programme is SEK 248 million 
  (2005: SEK 91 million and 2006: SEK 157 million).

• The Board of Directors of AAK propose a dividend of SEK 4.00 (4.00) per 
share.


“I am pleased with the merger activities carried out in the Group during 2006. Additional synergies will come primarily from specialization and optimisation of the large Swedish and Danish production units. These improvements will be implemented over the next two years. Some of the synergies will however be offset by higher costs, for example energy and inflation costs”, says Jerker Hartwall, President and CEO in a comment about the report.


Interim report for the period October-December 2006

• Net sales totalled SEK 3,057 (3,008) million. 
• The operating profit, excluding effects of IAS 39 of SEK 42 million and excluding non-recurring items of SEK 40 million, amounted to SEK 108 (153) million. 
• In 2005, the profit from subcontracted processing within the Chocolate & Confectionery Fats business area was SEK 60 million for the full year and SEK 15 million for the fourth quarter. This activity was discontinued at the end of 2005.
• The operating profit including non-recurring and after adjustment for 
  IAS 39 amounted to SEK 68 million.
• Profit after tax was SEK 58 million.
• Earnings per share amounted to SEK 1.38.


* Comparable figures in brackets refer to 2005 pro forma.