AAK’s Interim Report for the first quarter, 2012

Chief Executive´s comments
Record high first quarter results and again strong growth in Food
Ingredients

Operating profit for the first quarter of 2012 reached SEK 220
million (204), an improvement of 8 percent compared with the corresponding
quarter in 2011.

Business Area operating profit:

  · Food Ingredients
reached a record high first quarter of SEK 137 million (104), an improvement of
32 percent.
  · Chocolate & Confectionery Fats was stable at SEK 81 million
(81).
  · Technical Products & Feed had another challenging quarter but reached
SEK 25 million (39).

Operating profit per kilo continued to improve, from SEK
0.59 to SEK 0.60 due to a higher proportion of value added products.

We also
recorded, as predicted, a record high first quarter cash flow of SEK 384
million.

Earnings per share increased, from SEK 3.38 to SEK 3.43 despite
higher interest costs.

Sales amounted to SEK 4,222 million (3,843) in the
first quarter.

 

Investor Relations contact:

Arne Frank, President and
CEO
Phone: + 46 40 627 83 00

Anders Byström, Chief Financial Officer
Phone:
+ 46 40 627 83 00

Fredrik Nilsson, Head of Investor Relations
Phone: + 46 40
627 83 34
Mobile: + 46 708 95 22 21
E-Mail: fredrik.nilsson@aak.com

The
information is that which AarhusKarlshamn AB (publ) is obliged to publish under
the provisions of the Stock Exchange and Clearing Operations Act and/or the
Trading in Financial Instruments Act. The information was released to the media
for publication on 3 May 2012 at 11.00 am CET.