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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.
Raiven Capital, a global early-stage technology venture fund, recently participated in the LEAP tech conference in Riyadh, Saudi Arabia, judging a
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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.
Oatly Group AB (Nasdaq: OTLY), the leading oat drink company, will participate in a fireside chat at the Citi Global Consumer Conference 2021 on December 8, 2021, at 8:00 a.m. Eastern Time. Interested investors can access the webcast on Oatly's Investors website, where it will be archived for 30 days. Oatly specializes in oat-based products, being committed to sustainability and health for over 25 years, with availability in over 20 countries.
Björn Öste, co-Founder of Oatly, invests in Raiven Capital, a global early-stage venture fund. Raiven aims to raise $100M USD for investments in AI, IoT, and DLT technologies. Öste's investment validates Raiven's global approach to deal management, highlighting a 66% internal rate of return. The fund has previously invested in six platform companies and plans to continue focusing on innovative sectors such as foodtech. Raiven's commitment to sustainable food innovation aligns with addressing global population challenges.
Quinyx, a leader in AI-powered workforce management, has secured $50M in funding led by Battery Ventures. The investment aims to bolster Quinyx's growth amidst a labor shortage affecting various industries. The company’s software enhances productivity for notable clients, including Oatly, McDonald’s, and DHL, by streamlining labor processes. CEO Erik Fjellborg emphasizes the importance of this funding for driving innovation and improving the hourly workforce’s experience. The demand for effective labor management tools has surged due to ongoing economic challenges.
Oatly Group AB will launch its new non-dairy frozen dessert bars in the U.S. starting this December. This innovative product joins a rapidly expanding portfolio, which has made Oatly the leading oat-based ice cream brand in North America. The frozen dessert bar market is valued at $5.4 billion, providing Oatly a significant growth opportunity. The bars come in four flavors and will be available in over 3,000 retail outlets at a suggested price of $5.99 for a three-count pack, reinforcing Oatly's commitment to plant-based alternatives.
Oatly Group AB (OTLY) reported a record quarterly revenue of $171.1 million, marking a 49.2% increase year-over-year. The company aims to exceed $635 million in revenue for fiscal year 2021, reflecting strong consumer demand across regions. However, challenges such as temporary production issues and COVID-19 restrictions affected results. Gross profit was $44.9 million with a margin of 26.2%, down from last year's 31.3%. Oatly continues to scale production amid rising costs, with capital expenditures expected between $280 million and $320 million.
Oatly Group AB (Nasdaq: OTLY) has announced the opening of a new research and innovation center at Lund University, Sweden, aimed at advancing oat research and bolstering its commitment to a sustainable food system. The initiative will add approximately 30 scientists to its team in Lund, with potential expansion to nearly 100 researchers across various global hubs. The center is expected to enhance Oatly's existing oat-based products and inspire new innovations.
Construction of the Science and Innovation Center is currently underway and is anticipated for completion in 2023.
Oatly Group AB (Nasdaq: OTLY) will announce its financial results for Q3 and the first nine months of 2021 on November 15, 2021, prior to U.S. market opening. A conference call and webcast will follow at 8:30 a.m. ET on the same day to discuss the outcomes.
Oatly, a leader in oat drink production, has been committed to oats for over 25 years, developing a wide range of dairy alternatives. Their products are available in over 20 countries, showcasing their global reach and focus on sustainability and health.
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