Oatly Group Ab Stock Price, News & Analysis

Neighbor, a Phoenix-based outdoor furniture brand, has closed a Series A funding round led by Strand Equity. The capital will support new product development, team growth, and marketing efforts. Founded in 2020 by veterans of Tuft and Needle, Neighbor aims to disrupt the outdoor furniture market with modern designs and sustainable materials. The company plans to expand its product line, focusing on customer experience and profitability. This funding signifies confidence from investors in Neighbor's innovative approach and growth potential in a booming outdoor furniture industry.

Oatly Group AB reported record revenue of $185.9 million in Q4 2021, a 46.3% year-over-year increase. For the full year, revenue reached $643.2 million, up 52.6% year-over-year, surpassing expectations. Despite COVID-related challenges, Oatly expanded production capacity and increased supply. However, Q4 gross profit decreased to $29.6 million (15.9% margin) due to inflation and higher operational costs, leading to a net loss of $79.8 million. The 2022 outlook anticipates revenues between $880 million and $920 million, reflecting continued growth.

Oatly Group AB (Nasdaq: OTLY) will release its financial results for Q4 and the year ending December 31, 2021, on March 9, 2022, before U.S. market opens. A conference call and webcast will follow at 8:30 a.m. ET on the same day to discuss the results. Founded over 25 years ago, Oatly specializes in oat-based products, marketing a variety of dairy alternatives in over 20 countries. The company emphasizes sustainability and health in its offerings, leveraging its expertise in oats to innovate within the dairy alternative sector.

The Sage Group and Spayne Lindsay have announced a strategic partnership to form an independent global investment banking firm focused on the consumer sector. This alliance combines the expertise of over 50 investment banking professionals, enhancing service offerings for clients. Together, they have successfully completed over 300 transactions valued at tens of billions in the U.S. and Europe. The partnership aims to provide tailored advisory services across all consumer sub-sectors, enhancing capabilities and market reach for both firms.

Raiven Capital, a global early-stage technology venture fund, recently participated in the LEAP tech conference in Riyadh, Saudi Arabia, judging a $600,000 startup competition. This event attracts over 400 speakers and 1,000 startups as part of Saudi Vision 2030. Raiven aims to nurture entrepreneurial growth in the region. Björn Öste from Oatly highlighted the impressive commitment to tech innovation. Raiven's Mideast tour also includes meetings in Oman and Dubai to finalize plans for their regional hub.

Monos, a premium travel luggage brand, has successfully closed a $10 million Series A funding round led by venn growth partners and Strand Equity. The funding aims to enhance Monos' offline presence, recruit talent, and bolster product development.

Despite challenges in the travel industry, Monos achieved 400% year-over-year revenue growth in 2020 and continued its upward trajectory in 2021. The brand is recognized for its sustainable practices and high-quality luggage, using only top materials and undergoing rigorous durability testing.

Oatly Group AB (Nasdaq: OTLY) announced the resignation of board member Björn Öste, effective December 31, 2021, to pursue other interests. Following his departure, the board will consist of 12 directors, with 10 being independent. Eric Melloul, Chairman, expressed gratitude for Öste's contributions to Oatly, emphasizing his role in fostering innovation. Öste reflected on his tenure since the 1990s and noted the company's strong position for future growth under CEO Toni Petersson. Oatly continues to focus on sustainable oat-based products, available in over 20 countries worldwide.