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AAK Annual Report 2016

Business area Food Ingredients Our largest business area Food Ingredients primarily offers solutions to the bakery, dairy, special nutrition, and foodservice industries. All in all, the business area reported good organic growth 2016 with an increase in speciality and semi-speciality solutions, but the picture between the different segments was very mixed. Dairy and Special Nutrition, comprised of Infant, Senior and Medical Nutrition, showed good organic growth while Bakery continued to struggle. Food Ingredients (SEK million) 2012 2013 2014 2015 2016 Volumes, thousand tonnes 937 1,049 1,117 1,258 Net sales 10,729 10,798 11,509 13,556 14,707 Operating profit 703 771 803 903 996 Operating profit per kilo, SEK 0.75 0.73 0.72 0.72 2SHUDWLQJSUR¿WSHUNLOR (SEK) 0.80 0.70 0.60 0.50 0.40 0.30 0.20 0.10 0.00 0.72 2014 0.73 2013 0.75 2012 2015 2016 0.72 0.75 Volumes (69% of Group total) (Thousand tonnes) 1,400 1,200 1,000 800 600 400 200 0 1,117 2014 1,049 2013 937 2012 2015 2016 1,258 1,325 2SHUDWLQJSUR¿WRI*URXSWRWDO (SEK million) 1,000 900 800 700 600 500 400 300 200 100 0 803 2014 771 2013 703 2012 2015 2016 903 996 12


AAK Annual Report 2016
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