AAK chocolate & confectionery fats business sees recovery

- Last updated on GMT

AAK improves Cocoa Butter Equivalent (CBE) margins due to high cocoa butter prices. AAK Swedish plant pictured
AAK improves Cocoa Butter Equivalent (CBE) margins due to high cocoa butter prices. AAK Swedish plant pictured

Related tags: Marketing, Cocoa butter

Swedish ingredients supplier AarhusKarlshamn (AAK) has reported record Q3 operating profit as its chocolate & confectionery fats segment made a recovery.

The chocolate & confectionery fats business grew 19% compared to last year to SEK 105m ($16.5m).

“The underlying Cocoa Butter Equivalent (CBE) margin has improved driven by the increase in cocoa butter prices which have risen significantly over the last 9–12 months,”​ said AAK in a statement.

The company’s overall operating profit, which includes chocolate & confectionery fats, food ingredients and technical products & feed businesses, was SEK 303m ($47.5m), up 11% driven by strong performance in the firm’s largest business area: food ingredients.

The food ingredients posted record high Q3 operating profit of SEK 211m ($33m), up 11%. In July, AAK acquired Turkish bakery oils and fats supplier Unipro, which aided the company’s performance in baking ingredients.

The company expects its Q4 operating profit to be lower than last year due to an exceptionally strong result in 2012. The chocolate & confectionery fats business is expected to continue its recovery.

Related news

Related products

show more

How to Enter UK’s £690M CBD Market

How to Enter UK’s £690M CBD Market

The Association for the Cannabinoid Industry | 18-Jun-2021 | Technical / White Paper

The UK has the world’s most developed regulatory framework for legal cannabinoids, such as CBD and CBG. With a 2021 market estimated to be worth £690 million...

Related suppliers

Follow us

Products

View more

Webinars