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The decline was largely attributed to a reversal of tariff frontrunning, particularly in exports to the United States, which fell nearly 30%. This sharp decrease followed a significant increase in the ...
Investing.com -- AAK AB (STO:AAK) stock jumped 12% following the company’s second quarter results that showed a 16% increase in operating profit despite a slight decline in volumes.
Jefferies analysts attributed the earnings miss to currency-related pressures. “The miss was driven by higher FX headwinds,” they said in a client note. “We expect the stock to give back yesterday’s ...