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A

AAK AB (publ) AAK.ST · SEK

Consumer Staples · Nasdaq Stockholm · 🇸🇪 Sweden

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182.00

-0.33%

Close of 9 Nov 2026, in SEK

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At a glance

Figures in SEK, from our data supplier.

FY2025

Revenue

SEK 46.02bn

FY2016FY2025

Net income

SEK 3.43bn

FY2016FY2025

Free cash flow

−SEK 441.0m

FY2016FY2025

Shareholders' equity

SEK 19.90bn

FY2016FY2025

Income statement

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
RevenueSEK 46.02bnSEK 45.05bnSEK 46.03bnSEK 50.42bnSEK 35.45bnSEK 27.93bnSEK 28.51bnSEK 27.59bnSEK 26.44bnSEK 22.06bn
Gross profitSEK 11.90bnSEK 13.00bnSEK 11.73bnSEK 9.76bnSEK 7.75bnSEK 7.36bnSEK 7.77bnSEK 6.87bnSEK 6.22bnSEK 5.70bn
Operating incomeSEK 4.46bnSEK 4.90bnSEK 4.12bnSEK 2.54bnSEK 2.09bnSEK 2.17bnSEK 2.14bnSEK 1.96bnSEK 1.79bnSEK 1.61bn
Net incomeSEK 3.43bnSEK 3.54bnSEK 2.95bnSEK 1.77bnSEK 1.44bnSEK 1.56bnSEK 1.49bnSEK 1.32bnSEK 1.19bnSEK 1.00bn
Diluted earnings per share13.1613.5611.336.825.556.135.865.214.713.95

Balance sheet

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Total assetsSEK 32.62bnSEK 34.39bnSEK 30.55bnSEK 33.99bnSEK 27.17bnSEK 22.28bnSEK 22.92bnSEK 18.04bnSEK 16.89bnSEK 17.18bn
Cash and short-term investmentsSEK 1.57bnSEK 1.91bnSEK 1.50bnSEK 1.51bnSEK 1.00bnSEK 1.20bnSEK 982.0mSEK 737.0mSEK 480.0mSEK 586.0m
Total liabilitiesSEK 12.65bnSEK 14.24bnSEK 13.38bnSEK 18.91bnSEK 15.34bnSEK 12.54bnSEK 12.50bnSEK 9.04bnSEK 9.16bnSEK 9.61bn
DebtSEK 4.95bnSEK 3.58bnSEK 4.50bnSEK 7.26bnSEK 4.58bnSEK 4.40bnSEK 4.65bnSEK 3.22bnSEK 2.99bnSEK 3.08bn
Shareholders' equitySEK 19.90bnSEK 20.09bnSEK 17.12bnSEK 15.04bnSEK 11.78bnSEK 9.70bnSEK 10.34bnSEK 8.91bnSEK 7.66bnSEK 7.52bn
Shares outstanding261m261m260m260m259m255m254m254m254m254m

Cash flow

Fiscal years

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Cash from operationsSEK 862.0mSEK 2.35bnSEK 5.31bn−SEK 73.0mSEK 508.0mSEK 2.02bnSEK 1.56bnSEK 1.09bnSEK 1.10bnSEK 1.21bn
Capital spending−SEK 1.30bn−SEK 1.25bn−SEK 1.25bn−SEK 1.23bn−SEK 619.0m−SEK 742.0m−SEK 801.0m−SEK 725.0m−SEK 817.0m−SEK 977.0m
Free cash flow−SEK 441.0mSEK 1.11bnSEK 4.07bn−SEK 1.30bn−SEK 111.0mSEK 1.28bnSEK 757.0mSEK 365.0mSEK 282.0mSEK 236.0m
Dividends paid−SEK 1.30bn−SEK 960.0m−SEK 714.0m−SEK 646.0m−SEK 590.0m−SEK 536.0m−SEK 469.0m−SEK 412.0m−SEK 370.0m−SEK 328.0m

Latest quarters

By quarter end

Jun 2026Mar 2026Dec 2025Sept 2025Jun 2025Mar 2025Dec 2024Sept 2024
RevenueSEK 11.20bnSEK 11.39bnSEK 11.48bnSEK 11.50bnSEK 11.30bnSEK 11.74bnSEK 11.73bnSEK 11.17bn
Gross profitSEK 2.94bnSEK 3.02bnSEK 2.73bnSEK 1.24bnSEK 2.98bnSEK 3.16bnSEK 3.38bnSEK 3.29bn
Operating incomeSEK 1.10bnSEK 1.28bnSEK 1.06bnSEK 1.24bnSEK 912.0mSEK 1.26bnSEK 1.27bnSEK 1.26bn
Net incomeSEK 803.0mSEK 962.0mSEK 946.0mSEK 909.0mSEK 641.0mSEK 933.0mSEK 926.0mSEK 869.0m
Diluted earnings per share3.063.673.633.492.463.583.553.33
Cash from operationsSEK 1.08bnSEK 1.40bnSEK 288.0mSEK 542.0mSEK 524.0m−SEK 492.0mSEK 118.0mSEK 515.0m
Capital spending−SEK 399.0m−SEK 290.0m−SEK 342.0m−SEK 322.0m−SEK 367.0m−SEK 272.0m−SEK 363.0m−SEK 312.0m
Free cash flowSEK 682.0mSEK 1.10bn−SEK 54.0mSEK 220.0mSEK 157.0m−SEK 764.0m−SEK 245.0mSEK 203.0m
Total assetsSEK 34.75bnSEK 34.76bnSEK 32.62bnSEK 33.17bnSEK 32.38bnSEK 32.09bnSEK 34.39bnSEK 32.01bn
Cash and short-term investmentsSEK 1.84bnSEK 1.60bnSEK 1.57bnSEK 1.48bnSEK 1.28bnSEK 1.22bnSEK 1.91bnSEK 1.26bn
DebtSEK 5.44bnSEK 3.56bnSEK 4.94bnSEK 4.91bnSEK 4.96bnSEK 3.67bnSEK 3.57bnSEK 2.82bn
Shareholders' equitySEK 20.29bnSEK 21.45bnSEK 19.90bnSEK 19.12bnSEK 18.34bnSEK 19.49bnSEK 20.09bnSEK 18.34bn

Financial ratios

Data as of 15 Sept 2026

FY2025FY2024FY2023FY2022FY2021FY2020FY2004FY2003FY2002
Gross margin25.9%28.8%25.5%19.4%21.9%26.4%———
Operating margin9.7%10.9%8.9%5.0%5.9%7.8%———
Net margin7.5%7.8%6.4%3.5%4.1%5.6%———
Return on equity17.2%17.6%17.2%11.8%12.2%16.1%———
Return on assets10.5%10.3%9.6%5.2%5.3%7.0%———
Free cash flow yield4.2%6.9%12.7%2.2%2.2%5.4%———
Revenue growth2.2%-2.1%-8.7%42.2%26.9%-2.0%———
Earnings growth-3.0%20.0%66.4%23.2%-8.1%5.1%———
Current ratio1.99x1.93x1.95x1.66x1.48x1.54x———
Debt to equity0.23x0.16x0.23x0.45x0.35x0.39x———
Equity ratio61.0%58.4%56.0%44.2%43.4%43.5%———
Interest coverage17.41x14.49x12.94x10.99x17.26x16.05x———
R&D as a share of sales——————0.8%0.9%1.2%
Buybacks as a share of market value0.1%-0.3%-0.2%-0.3%-1.4%-0.5%———

Growth per year

Compound annual rate

3 years5 years10 years
Revenue-3.0%10.5%8.6%
Operating income20.6%15.5%12.2%
Net income24.7%17.0%13.9%

Average margins

Over each period

1 year3 years5 years10 years
Gross margin27.3%24.7%24.5%24.8%
Operating margin10.3%8.5%8.1%7.8%
Net margin7.6%6.2%5.9%5.5%

Valuation history

At each fiscal year end

FY2025FY2024FY2023FY2022FY2021FY2020FY2019FY2018FY2017FY2016
Price to earnings20.123.319.826.135.227.430.423.624.925.3
Price to sales1.51.81.30.91.41.51.61.11.11.1

Dividends and splits

Per share, in the currency the company pays

Paid for 20 years. Last went ex-dividend on 11 May 2026.

FY2026FY2025FY2024FY2023FY2022FY2021FY2020FY2019
Paid in the year5.505.003.702.752.502.302.101.85
  • 6-for-1 split · 13 Jun 2018

Sources and methodology

Data on this tab
Our data supplier
Chart on the Overview
TradingView

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