AAK Annual Report 2019

25 25 Solutions Our solutions within Chocolate & Confectionery Fats continue to cover a wide range of product applications, including chocolate fats and compound fats for coating and molding, filling fats, barrier fats, and spreads. Trends With our unique customer co-development approach, we are very well positioned to address the major global trends in the chocolate and confectionery industry, including premiumization, individualization, and consciousness. We are furthermore well positioned to provide sustainable solutions that go further than comparable solutions in the market. New products During 2019, we launched a global spreads campaign. Our tailor-made solutions give our customers great opportunities to work with new characteristics, flavors, and textures, and enable them to create differentiated spreads solutions that are in line with global consumer trends. The campaign has resulted in a significantly increased demand from both existing and new customers. COBAO ™ Pure, a solution that delivers excellent bloom-retarding capabilities, was another important product launch during the year. Future growth The long-term market trend for Chocolate & Confectionery Fats looks promising and the business area is well positioned to continue to grow with and above the market. Driven by our customer co-development approach, we will continue to develop new products and solutions. 2015 2016 2017 2018 2019 Volumes, thousand tons 312 367 404 430 459 Net sales, SEK million 5,315 6,117 7,354 7,611 8,076 Operating profit, SEK million 553 664 735 747 794 Operating profit per kilo, SEK 1.77 1.81 1.82 1.74 1.73 Volumes (20% of Group total) (Thousand tons) 2015 2016 2017 2018 2019 500 400 300 200 100 0 430 459 404 367 312 Operating profit (34% of Group total) (SEK million) 2015 2016 2017 2018 2019 800 700 600 500 400 300 200 100 0 747 794 735 664 553 Operating profit per kilo (SEK) 2015 2016 2017 2018 2019 2.10 1.80 1.50 1.20 0.90 0.60 0.30 0.00 1.73 1.74 1.82 1,81 1,77 Chocolate & Confectionery Fats