Oatly Group AB American Depositary Shares - OTLY STOCK NEWS

New York City's popular frozen dessert brand, 16 Handles, has partnered with Oatly to launch a new non-dairy flavor: Chocolate Banana, available starting March 23, 2023. This treat combines natural flavors with Oatly's oatmilk, offering a creamy experience for customers. This marks Oatly's first flavor introduction of the year, following previous seasonal offerings like Pumpkin Spice. The product is vegan, non-GMO, gluten-free, and kosher. Neil Hershman, CEO of 16 Handles, expressed confidence in the appeal of this new flavor, emphasizing the brand's commitment to quality desserts.

The National Restaurant Association Show announced its 2023 Food and Beverage (FABI) Awards, recognizing a record 42 products for their innovation in taste and creativity. This year introduces the 'FABI Favorites' designation, highlighting the most groundbreaking items among the awardees. Notably, Oatly's Soft Serve is featured among both FABI Favorites and awardees. The awards underscore the increasing profitability and trendsetting nature of these products within the foodservice industry. The National Restaurant Association Show will take place from May 20-23, 2023, at McCormick Place in Chicago, offering attendees opportunities to sample these standout innovations.

Oatly Group AB (Nasdaq: OTLY) has partnered with McDonald’s Austria to introduce Oatly Barista Edition in all McCafé locations across the country. This initiative marks the first time an oat drink will be available at McCafé, aligning with Oatly's goal of promoting plant-based alternatives.

The Barista Edition is allergen-friendly and mimics the creamy taste of dairy while being more sustainable. Tanja Wallner from McDonald's Austria notes the growing demand for oat-based options. The partnership aims to expand Oatly's market reach and enhance consumer choice in plant-based beverages.

Oatly Group AB (OTLY) reported fourth-quarter 2022 revenue of $195.1 million, a 4.9% increase year-over-year, with a net loss of $125.2 million compared to $79.8 million in Q4 2021. Total revenue for 2022 reached $722.2 million, up 12.3% from the previous year. The company also secured $425 million in financing commitments to fuel growth. Oatly anticipates 23% to 28% revenue growth in 2023 and aims for improved gross margins, expecting to reach the high-20s by Q4 2023. Despite the challenges, Oatly is focused on profitability and plans to achieve positive adjusted EBITDA in fiscal 2024, underpinned by significant supply chain improvements.

Oatly Group AB (Nasdaq: OTLY) has announced a series of financing agreements totaling $425 million, including $300 million in Convertible Senior PIK Notes and a $125 million Term Loan B Credit Facility. The Notes, with a 9.25% interest rate, are due in 2028 and are being issued to existing investors such as Nativus and Blackstone. The Term Loan B will have a five-year term with an initial margin of 7.50% p.a. These financing arrangements are aimed at strengthening Oatly's business operations and supporting its global growth strategy. Oatly’s CEO expressed optimism about the company’s future and the demand for its products.

Storyblok has reported a remarkable 582% return on investment (ROI) over three years for customers utilizing its content management system (CMS), achieving payback in under six months. A study by Forrester Consulting highlighted key benefits, including a $1.6 million gain from single-source content management and a threefold productivity increase. Interviewees noted enhanced customer engagement due to improved content update efficiency. The findings suggest that transitioning from traditional CMS platforms to Storyblok's headless architecture leads to significant operational improvements and cost savings.

The global plant-based food ingredients market is experiencing significant growth, projected to reach $12,341.4 million by 2030, from $2,895.6 million in 2020, reflecting a CAGR of 15.3% from 2021 to 2030. The rise in health consciousness, shift to organic foods, and concerns for animal welfare are key drivers of this trend. Notably, the emulsifiers segment is highlighted as the largest market contributor, with an expected rise from $738.4 million in 2020 to $2,305.0 million by 2030. Companies like Tattooed Chef (TTCF), Beyond Meat (BYND), and Oatly Group (OTLY) are prominent players in this evolving market.

MALMÖ, Sweden, March 6, 2023 (GLOBE NEWSWIRE) -- Oatly Group AB (Nasdaq: OTLY) held an Extraordinary General Meeting (EGM) where key resolutions were adopted. The meeting established a share range of 500,000,000 to 2,000,000,000 shares and a share capital range of SEK 850,000 to SEK 3,400,000. Additionally, the board was authorized to issue new shares, warrants, or convertible bonds up to a maximum of USD 300,000,000, with the possibility of deviating from shareholders' preferential rights. For more details, refer to the official notice on Oatly's website.

Storyblok's recent survey of 6,000 consumers and 500 business leaders reveals a significant gap between e-commerce businesses' perceptions and consumer expectations. Key findings show that 65% of consumers prioritize ease of navigation, while only 28% of businesses see website design as a priority. Additionally, 77% of businesses believe chatbots enhance user experience, but only 27% of consumers agree. The survey highlights that fast loading speeds are crucial, with 42% of consumers leaving a site if it takes too long. The research emphasizes the need for businesses to refocus on fundamental aspects of online shopping to avoid losing sales, estimated at $72,000 per year due to poor user experiences.