Oatly Group Ab - OTLY STOCK NEWS

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.

Oatly Group AB (OTLY) to report Q1 2024 financial results on April 30, 2024. Conference call and webcast scheduled for 8:30 a.m. ET.

Oatly, the world's largest oatmilk company, announces a corporate sponsorship with Minor League Baseball, introducing The Malmö Oat Milkers as the league's 121st team. All existing 120 teams will play a game as the Oat Milkers this season, showcasing unique pink accented jerseys. The partnership highlights Oatly's commitment to plant-based, non-dairy products and its home city of Malmö, Sweden.

Oatly Group AB (OTLY) partners with Virgin Voyages to offer Oatly Barista Edition oatmilk on their cruise ships, expanding its reach to over 2,700 guests per trip. The oatmilk is now the official choice for all cafes on Virgin Voyages' fleet, providing a sustainable alternative to cow's milk with a lower climate impact.

Oatly Group AB (OTLY) partners with Barry's to introduce its new Unsweetened Oatmilk at Fuel Bar menus across 40 US locations. The partnership includes unique studio activations and themed classes for Barry's clients. Oatly's Unsweetened oatmilk is a low-calorie, sugar-free option, rich in nutrients like calcium, riboflavin, and vitamins B12 and D, catering to health-conscious consumers. The collaboration aims to enhance post-workout nutrition and introduce Oatly's innovative product to a wellness-focused community.

Oatly Group AB announces the launch of Oatly Oatmilk Creamers in the US, offering four classic flavors to enhance at-home coffee experiences. The plant-based creamers aim to tap into the growing market demand, with a suggested retail price of $5.99.

Oatly Group AB (OTLY) announced financial results for Q4 and full year 2023, highlighting revenue growth, gross profit improvements, and strategic re-calibration. Despite revenue growth, net loss increased, EBITDA and Adjusted EBITDA improved. The company aims for solid top-line growth and profitable growth in 2024.

Oatly Group AB announces a national partnership with Carvel, offering non-dairy frozen desserts at nearly 300 Carvel shoppes across 18 states in the U.S. The partnership introduces Oatly's oatmilk-based menu items to Carvel's classic ice cream shoppe, providing guests with a dairy-free alternative. The new menu items include Oatly Strawberry Soft Serve, Oatly Cookies & Cream Scooped, Oatly Chocolate Peanut Butter Scooped, Flying Saucer Sandwiches made with Oatly, and Frozen Dessert Cakes made with Oatly. Select locations will also offer Oatly Chocolate, Mint, and Cold Brew Soft Serve. This collaboration aims to cater to guests with dairy allergies or specific dietary preferences, expanding Carvel's offerings while preserving its classic flavors and nostalgia.