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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 (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.
TrusTrace, a Stockholm-based software firm specializing in supply chain transparency, has secured a $6 million growth investment led by
iNNBeauty Project, a clean skincare brand, has completed a minority investment led by Strand Equity and Beechwood Capital. The funding aims to support the brand's expansion, including its launch in Sephora stores nationwide. iNNBeauty Project has seen impressive growth, achieving 300% year-over-year, and currently offers products in 490 Sephora locations. Co-founders Alisa Metzger and Jen Shane emphasize product efficacy and sustainability, making skincare accessible for younger consumers.
Cresicor, a startup in trade promotion management (TPM) for the consumer packaged goods (CPG) sector, has secured
Oatly Group AB (Nasdaq: OTLY) has announced its participation in the Cowen Health, Wellness & Beauty Summit on September 14, 2021, at 8:30 a.m. Eastern Time. Investors can access the webcast through Oatly’s Investors website, where it will be archived for 30 days. Oatly is recognized as the world’s original and largest oat drink company, focusing on sustainable products derived from oats for over 25 years.
Its innovative dairy alternatives include milks, ice cream, yogurt, cooking creams, and spreads, available in over 20 countries.
Oatly Group AB (Nasdaq: OTLY) announced plans to increase its oat base capacity at its Ogden, Utah facility to meet rising consumer demand. Starting in the second half of 2021, construction will commence to add 75 million liters of capacity, raising total annual production from 150 million to 225 million liters. By the end of 2022, Oatly aims to boost overall capacity from 1,000 million to 1,075 million liters. The company expects a 200% increase in production output by year-end 2022 compared to 2020. CEO Toni Petersson emphasized strong growth and commitment to meeting global demand.
Oatly Group AB reported a record revenue of $146.2 million for Q2 2021, marking a 53.3% increase year-over-year. The company cited strong growth from existing and new production facilities despite facing some manufacturing challenges due to COVID-19. Gross profit was $38.6 million, with a 26.4% margin, down from last year’s 32.3%. Oatly expects full-year revenue to exceed $690 million, fueled by expansions in capacity and new partnerships. Noteworthy expansions include new facilities in Utah and Singapore.
Oatly Group AB (Nasdaq: OTLY) will release its financial results for the second quarter and first half of 2021 on August 16, 2021, prior to market opening. The company, renowned for being the largest oat drink producer, will also conduct a conference call and webcast at 8:30 a.m. ET to discuss the results. Oatly emphasizes its dedication to oats as a sustainable and health-focused crop, highlighted by its diverse range of dairy alternative products. Investors can access the webcast via Oatly's Investors website.
Oatly Group AB announced the pricing of its initial public offering (IPO) of 84,376,000 American Depositary Shares (ADSs) at $17.00 each. Of these, 64,688,000 ADSs are offered by Oatly, with the remaining 19,688,000 from selling shareholders. An additional 12,656,400 ADSs may also be purchased by underwriters. Trading on the Nasdaq under the symbol OTLY is set to begin on May 20, 2021, with closing anticipated on May 24, 2021, pending customary conditions.
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