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Oatly Group AB (OTLY) is a pioneering company in the food and drinks industry, renowned for its innovative oat-based products. Founded in the 1990s in Sweden, Oatly leverages patented enzyme technology developed at Lund University to transform fiber-rich oats into nutritious liquid foods. The company's core mission is to provide delicious and healthy alternatives to dairy, without taxing the planet's resources.
Headquartered in Malmö, Sweden, Oatly operates a production and development center in Landskrona and has expanded its presence to over 20 countries across Europe, Asia, and North America. The company's product lineup includes Oat Drink, Chilled Oat Drink, Oatgurt, Creamy Oat, and Ice Creams, catering to diverse dietary preferences and lifestyles.
Oatly's latest product introductions, Oatly Unsweetened and Super Basic, have been designed to offer consumers more choices in non-dairy milk alternatives. These new products are available in 64 oz. chilled cartons at major retailers across the US, including Albertsons, Publix, Sprouts, and Target. All of Oatly's products in the US are free from the nine major allergens, and certified as vegan, gluten-free, non-GMO, and kosher.
Additionally, Oatly has entered into strategic partnerships to further its mission. Notably, the company has collaborated with Carvel to introduce oatmilk-based frozen desserts and with Virgin Voyages to offer its Barista Edition oatmilk on cruise ships. Oatly has also partnered with Barry's to feature its oatmilk in post-workout shakes at the fitness studio's Fuel Bars nationwide.
Financially, Oatly generates a significant portion of its revenue from the EMEA region, followed by the Americas and Asia. The company's commitment to sustainability and innovation has positioned it as a leader in the plant-based food and beverage sector.
For the latest updates and more information about Oatly's products and initiatives, visit Oatly.com.
Oatly Group AB (OTLY) reported Q3 2024 financial results with revenue of $208.0 million, up 10.9% year-over-year. The company achieved solid volume growth across all segments, with gross margin improving to 29.8%, a 12.4 percentage point increase. Net loss was $34.6 million, compared to a profit of $44.1 million in Q3 2023. For the first time since IPO, all operating segments reported positive Adjusted EBITDA. The company refined its 2024 outlook, expecting constant currency revenue growth near or slightly below 6-10%, Adjusted EBITDA near the favorable end of $(35)-$(50) million range, and capital expenditures below $55 million.
Oatly Group AB (Nasdaq: OTLY), the world's leading oat drink company, has announced it will release its third quarter 2024 financial results on Thursday, November 7, 2024, before the U.S. market opens. The company will host a conference call and webcast at 8:30 a.m. ET on the same day to discuss the results.
Investors and interested parties can access the conference call and simultaneous live webcast through Oatly's Investors website at https://investors.oatly.com under the "Events" section. For those unable to attend live, the webcast will be archived and available for 30 days following the event.
Oatly Group AB (OTLY) reported Q2 2024 financial results, showing progress in strengthening its business. Key highlights include:
- Revenue increased 3.2% to $202.2 million (3.9% in constant currency)
- Gross margin improved to 29.2%, up 10 percentage points year-over-year
- Net loss narrowed to $30.4 million, an improvement of $56.3 million
- Adjusted EBITDA loss reduced to $11.0 million, improving by $41.5 million
- North America segment reported its first full quarter of positive adjusted EBITDA
The company raised its full-year 2024 outlook, now expecting:
- Constant currency revenue growth of 6-10% (up from 5-10%)
- Adjusted EBITDA loss of $35-50 million (improved from $35-60 million)
- Capital expenditures below $70 million (down from $75 million)
Oatly, the leading oatmilk company, has announced a multi-year sponsorship deal with EF Pro Cycling, a renowned professional cycling team. Oatly will serve as the “Official Performance Partner” for both the men's and women's teams and will co-title sponsor the women’s team, now named “EF-Oatly-Cannondale.”
This partnership aims to integrate Oatly’s dairy-free products into the diets of professional athletes, showcasing the benefits of plant-based nutrition. The collaboration includes naming rights for training camps, logo placements on team gear, and various fan and event activations. Both organizations will also produce content to highlight the partnership and promote Oatly's products.
The sponsorship kicks off with the EF Pro Cycling men’s team participating in the Tour de France starting June 29, while the women’s team will compete in the Tour de France Femmes beginning August 12.
Oatly Group AB (Nasdaq: OTLY), the leading oat drink company, announced it will release its financial results for the second quarter of 2024 on July 24, 2024, before the U.S. market opens.
The company will also hold a conference call and webcast at 8:30 a.m. ET to discuss the results.
Both the call and webcast will be available on Oatly’s Investors website and the webcast will be archived for 30 days.
Oatly Group AB (Nasdaq: OTLY) announced the results of its 2024 Annual General Meeting (AGM) held on May 15, 2024.
Key resolutions included the adoption of the income statement and balance sheet for 2023, with no dividend distribution and the result being carried forward.
The board and CEO were discharged from liability. The board will have ten members, including one new member, Gregory S. Christenson.
Remuneration for board members and committee chairs was set, with fees ranging from USD 10,000 to USD 60,000.
Ernst & Young was re-elected as auditor.
Amendments to the LTIP 2021-2026 incentive program were approved, including changes to allocation principles and the exchange of “underwater” stock options for new RSUs.
Share awards for board members were increased to 140,000 annually, while the value cap remained at USD 140,000.
Oatly Group AB (Nasdaq: OTLY) reported a solid start to the year with first quarter revenue of $199.2 million, a 1.8% increase compared to the prior year period. Gross margin improved to 27.1% and net loss decreased to $45.8 million. Adjusted EBITDA loss was $13.2 million. The Company reiterated its full year 2024 guidance with revenue growth of 5-10% and adjusted EBITDA loss of $(35)-$(60) million.
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