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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 Q4 2024 financial results with revenue of $214.3 million, up 5.0% year-over-year. The company achieved solid volume growth across all segments, with total sold volume increasing 9.9% to 153.2 million liters. Gross margin improved to 28.8%, a 5.4 percentage point increase from the previous year.
The company announced significant strategic changes, including the closure of its Singapore facility and discontinuation of its second manufacturing facility construction in China. Q4 net loss was $91.2 million, improving from $298.7 million in the prior year period. Adjusted EBITDA loss narrowed to $6.1 million from $19.2 million.
For 2025, Oatly expects its first full year of profitable growth as a public company, projecting constant currency revenue growth of 2-4% (impacted by -300 basis points from a North American customer sourcing change), positive adjusted EBITDA of $5-15 million, and capital expenditures of $30-35 million.
Oatly Group AB (OTLY) announced plans to change its American Depositary Receipts (ADRs) ratio from 1:1 to 1:20, effectively implementing a one-for-twenty reverse ADR split. The change will take effect on February 18, 2025, with ADRs continuing to trade on Nasdaq under the 'OTLY' symbol.
The company's underlying ordinary shares will remain unchanged, with no shares being issued or cancelled. Fractional new ADRs will not be issued; instead, they will be aggregated and sold by the depositary bank, with net proceeds distributed to affected ADR holders. While the trading price per ADR is expected to increase proportionally, Oatly provided no guarantees regarding the post-split trading price.
The company will report financial results and provide additional updates regarding the ADR ratio change during their earnings call on February 12, 2025.
Oatly Group AB (OTLY) has partnered with Nespresso to launch a -edition coffee specifically designed for oat drink enthusiasts. The Oatly Barista Edition Coffee, created exclusively for Nespresso Vertuo machines, features rich and biscuity notes that complement Oatly's oat drink.
The collaboration debuts on January 28, 2025, across more than 15 countries, including the US, UK, China, and Australia. The product will be available through Nespresso's official channels and boutiques. This partnership responds to growing consumer demand for plant-based milk alternatives, with one in two American and European consumers now using plant-based milks, and two-thirds of consumers in Asia-Pacific and Latin American regions opting for these alternatives.
Oatly Group AB (OTLY), the world's leading oat drink manufacturer, has scheduled its Q4 2024 financial results announcement for February 12, 2025, before U.S. market opening. The company will host a conference call and live webcast at 8:00 a.m. ET on the same day to discuss the results. Investors can access the event through Oatly's investor relations website, where the webcast recording will remain available for 30 days.
Oatly Group AB (OTLY) announced the closure of its Singapore manufacturing facility as part of its asset-light supply chain strategy. The closure, affecting the Europe & International segment, aims to improve cost structure and reduce future capital expenditure needs. The company's growth in the Asia-Pacific region will be supported by existing European facilities, expected to increase capacity utilization.
The closure will result in non-cash impairment charges of $20-25 million in Q4 2024 and restructuring costs leading to $25-30 million in net cash outflows through 2027. The company reports improved service rates and gross margins from recent supply chain optimizations, particularly noting significant improvements in their Greater China segment following its separation from the Asian business.
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.
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