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AAK accelerates optimisation in line with strategic direction to cope with COVID-19 pandemic effects.

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NORDIC BUSINESS REPORT-June 26, 2020-AAK accelerates optimisation in line with strategic direction to cope with COVID-19 pandemic effects

(C)2020 M2 COMMUNICATIONS http://www.m2.com

AAK AB (STO:AAK), a leading provider of value-adding vegetable oils and fats, announced on Thursday that in response to the COVID-19 pandemic, it is optimising its cost base in affected segments without jeopardising its long-term capabilities and strategic initiatives.

Reportedly, the COVID-19 pandemic has resulted in a negative impact on demand and earnings within most industries that AAK serves.

According to AAK, in spite of the short-term to mid-term impact from the COVID-19 pandemic, it sees no reason to adjust its view on the strong favourable underlying long-term trends in its markets and continues to remain prudently optimistic about the future.

However, in order to support its long -term ambition, it has decided to accelerate the optimisation of its structure and has initiated...

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