· Net sales during 2011 increased to SEK 16,695 million (14,808) mainly
due to increased raw material prices and a better product mix partly
offset by a negative currency translation impact of SEK 983 million.

· Volume decreased by 1 percent due to lower commodity volumes, mainly
in the UK. Specialty volumes continue to increase.

· Operating profit, amounted to SEK 911 million (824), an improvement of
11 percent. At fixed exchange rates operating profit improved by 18
percent.

· The largest business area, Food Ingredients, reported record high
operating profit at SEK 518 million (454) an improvement by 14 percent.
At fixed exchange rates the improvement was 22 percent. Operating profit
per kg increased from SEK 0.53 to SEK 0.62, an improvement by 17 percent.

· The business area Chocolate & Confectionery Fats showed volume
increase by 7 percent and margins continued to be stable. Operating
result improved from SEK 341 million to SEK 378 million or by 11
percent. At fixed exchange rates the improvement was 18 percent.

· The smallest business area, Technical Products & Feed operating profit
reached SEK 103 million (118) and the main reason is challenging markets
conditions and high raw material prices.

· The AAK Acceleration program has developed in accordance with plan.

· During January 2011 the long term refinancing of SEK 4,200 million was
finalized and the company has committed facilities of SEK 6,000 million
for four years or more at the end of 2011.

· During the first quarter 2011 the company announced an additional
rationalization program for the UK operations in order to fully focus on
the speciality strategy.

· In the beginning of the third quarter, 2011 the company acquired
Golden Foods/Golden Brands (renamed AAK Louisville) and the integration
has continued according to plan.

· Earnings per share amounted to SEK 14.72 (14.15), an increase of 4
percent despite higher interest rates.

· Proposed dividend SEK 4.75 (4.50) an increase by SEK 0.25 or 6 percent.

Fourth quarter 2011

AarhusKarlshamn AB – Another quarter of strong improvements and AAK
Acceleration on track

· Net sales in the fourth quarter increased to SEK 4,483 million (3,930)
mainly due to increased raw material prices and a better product mix
partly offset by a negative currency translation impact of SEK 137
million.

· Volume increased by 2 percent due to increases in speciality volumes,
including the impact of the Golden Foods/Golden Brands acquisition;
commodity volumes were down, mainly in the UK as expected.

· Operating profit, amounted to SEK 265 million (251), an improvement of
6 percent. At fixed exchange rates operating profit improved by 10
percent.

· The largest business area, Food Ingredients, reported record high
quarterly operating profit and increased volume of 5 percent. Continued
increases in volumes of high-value products and a consequently more
profitable product mix enhanced the result.

· The business area Chocolate & Confectionery Fats showed volume
increase by 5 percent and margins continued to be stable.

· The smallest business area, Technical Products & Feed continued to
experienced challenging markets conditions and high raw material prices.

· The integration of the acquired Golden Foods/Golden Brands continue to
develop according to plan.

· Earnings per share amounted to SEK 4.82 (4.98), a decrease of 3
percent, mainly due to higher taxes.

· Concluding remarks:

“The impact on our industry from the more difficult general economy in
Europe is difficult to predict. However, with dramatic food price
inflation in 2010 at least for now, behind us, AAK’s customer value
propositions for health and reduced costs and the AAK Acceleration
program, we remain prudently optimistic for the future mainly driven by
the Food Ingredients business”, says CEO and President Arne Frank.

The Summarised Financial Statement 3022 and the Interim report for the
fourth quarter 2011 will be presented today, 9 February 2012 at 1 pm CET
at a telephone conference. For participation, please see instructions
under the Investor tab at the AAK website, http://www.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 9 February 2012
at 08.15 am CET.

AarhusKarlshamn is the world’s leading producer of high value-added
speciality vegetable fats. These fats are characterized by a high
technological content and are used as substitute for butter-fat and
cocoa butter, transfree solutions for fillings in chocolate and
confectionery products, and in the cosmetics industry. AarhusKarlshamn
has production facilities in Denmark, Mexico, the Netherlands, Sweden,
Great Britain, Uruguay and the US. The company is organised in three
Business Areas; Food Ingredients, Chocolate and Confectionery Fats and
Technical Products & Feed. Further information on AarhusKarlshamn can be
found on the company’s website www.aak.com.

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