President and CEO, Aak Ab Publ
Search every verified Johan Westman interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. Johan Westman, President and CEO of AAK, has presented strategic and financial updates at the company’s Capital Markets Days. At the 2024 event, Westman described a “positive trend” in plant-based food, technical products, and personal care, noting that AAK views replacing fossil-based ingredients in products such as candles and cosmetics as a “huge opportunity.” He stated that the company has a “strong track record” of earnings growth and has updated its EBIT per kilo target to “above 3 SEK per kilo,” having reached a prior target faster than anticipated. Westman attributed the company’s recent performance to a decentralized and agile organization that has navigated “high uncertainty, volatility, inflation, and war,” as he noted in 2022. He also highlighted investments in sustainability, including bio boilers in Aarhus, Denmark, a partnership with Mars to support women in West Africa, and commitments to no deforestation and science-based targets. Westman reaffirmed a goal of 10% annual operating profit growth, calling it a “bold target” that the company has historically achieved.
“AAK we have a strong track record delivering as a double digit earnings compounder we have a CAGR of 12% EBIT growth since 2005.”
“We are updating the EBIT per kilo Target we are now lifting that to reaching above 3 SEK per kilo we do that after having delivered faster than we thought on the doubling our value creation per kilo above two SEK we have already reached that.”
“we are certainly operating in an environment today with high uncertainty, volatility, inflation, and war. The last couple of years has been nothing else but a dramatic amount of disturbances or things to deal with.”
“we have invested in bio boilers in Aarhus, Denmark, targeting a 90% CO2 reduction in that plant alone, even to the extent that it impacts Aarhus as a city. And it is reducing our cost and it's linked actually to the supply chain of shea kernels from West Africa with the women that we just talked about picking these ker...”
“we have set a 2030 aspiration targeting a doubling of our value creation per kilo so we want to go from where we have been to a much higher margin”
“I think that some consumers or maybe investors analysts speak about fat as one ingredient but it isn't there are thousands of different ways of arriving to an ingredient that makes a difference in the product and that's why we call ourselves a multi-oil ingredient house”
“We have that growth that we have had in AAK for quite some time. Very proud of the organization, very proud how we have delivered through this.”
“We reiterate our target about growing our earnings, our EBIT or operating profit by 10% year-on-year. That is a bold target. That is an exponential growth. Those of you who have been with us for some time, you know that our track record tells us that we have done it.”
“We are aak we are making better happen.”
“This purpose has also the potential to be far more ambitious than claiming to be the best or striving to be the best. When we are really good at something we might even be the best now we will constantly ask ourselves can we make it even better can we perform even better so with that making better happen every day ever...”
“we are committing to no deforestation and we are committing to 100 traceability to plantation to prove that and we are across ak also signing up to science-based targets this to really drive better performance in sustainability as a whole”
“in spite of the short to mid-term uncertainty around cov19 those long-term underlying trends are strong and we see no reason to adjust our view on the more long-term future so with that we do remain prudently optimistic”
AAK's Capital Markets Day is a recurring event where analysts, investors, and media representatives are presented with information on AAK's business strategies as well as financial updates. On this link, watch Johan Westman, President and CEO, give a strategic update at the 2024 Capital Markets Day.
AAK's Capital Market Day is a recurring event where analysts, investors, and media representatives are presented with information on AAK's business strategies as well as financial updates. On this link, watch Johan Westman, President and CEO, give a business update at the 2022 Capital Market Day.
AAK's Capital Market Day is a recurring event where analysts, investors, and media representatives are presented with information on AAK's business strategies as well as financial updates. On this link, watch Johan Westman, President and CEO, give a strategy update at the 2022 Capital Market Day.
AAK's Capital Market Day is a recurring event where analysts, investors, and media representatives are presented with ...
AAK's Capital Market Day is a recurring event where analysts, investors, and media representatives are presented with information on AAK's business strategies as well as financial updates. In 2020, the Capital Market Day was a virtual event. On this link, watch Johan Westman, President and CEO, reveal the AAK Purpose.
AAK's Capital Market Day is a recurring event where analysts, investors, and media representatives are presented with information on AAK's business strategies as well as financial updates. In 2020, the Capital Market Day was a virtual event. On this link, watch Johan Westman, President and CEO, give a business and strategy update.
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