Oatly Group AB American Depositary Shares - OTLY STOCK NEWS

K2 Global, a venture capital firm founded in 2015, has successfully raised $300 million to invest in innovative tech startups, encompassing sectors like fintech and food tech. The firm has previously backed notable companies such as Oatly (NASDAQ:OTLY), Uber, and Coinbase. Led by investor Ozi Amanat, K2 Global is expanding its operations to Miami. This capital aims to support the next wave of disruptive companies while leveraging K2’s network of industry leaders for global market expansion.

Spruce Point Capital Management has issued a report stating that Saputo shares may face a 40% to 60% downside risk, equating to approximately $13.75 to $20.50 per share. The firm highlights challenges including declining EBITDA, record operational costs from environmental compliance, and limited transparency in financial disclosures. Saputo's aggressive M&A strategy could be backfiring, with substantial exposure to a £724 million pension liability exacerbated by high inflation.

Oatly Group (Nasdaq: OTLY) reported a 7.0% increase in Q3 revenue to $183.0 million, with an adjusted figure of $199.7 million in constant currency. The EMEA segment showed a 5.5% decline, while both the Americas and Asia segments posted double-digit growth of 22.7% and 16.3% respectively. Despite revenue growth, the company faced significant net losses of $107.9 million, a sharp increase from $41.2 million a year prior, driven by COVID-19 restrictions, production challenges, and high operating expenses. The company is restructuring for improved efficiency and anticipates annual savings of up to $50 million.

Quinyx, an AI-powered workforce management platform, reports a 376% ROI and $1.4M in savings over three years, according to a Forrester Consulting study. Key findings include a 50% reduction in overtime costs and significant time savings for managers and frontline workers. The study highlights that organizations experienced improved employee and customer satisfaction through better scheduling and forecasting. Quinyx aims to enhance operational efficiency and employee engagement in various sectors, including notable clients like Oatly.

Oatly Group AB (OTLY) announced the launch of its Oatly Barista Edition in 1,250 Aral petrol stations, enhancing its presence in Germany's market. Aral, the largest petrol station chain in Germany, serves over 85,000 coffees daily and plans to expand Oatly's product range in November. This collaboration aims to cater to the increasing demand for plant-based alternatives, with Oatly being the top oat drink brand in Germany, holding a 21% market share in the plant-based sector. The initiative aligns with Oatly's sustainability goals and commitment to consumer health.

Oatly Group AB (Nasdaq: OTLY) will release its third quarter financial results on Nov. 14, 2022, prior to U.S. market opening. A conference call and webcast are scheduled for 8:30 a.m. ET to discuss these results. Oatly, the leading oat drink company globally, specializes in oat-based products for over 25 years and is committed to sustainability and health. The brand is available in more than 20 countries.

Oatly Group AB (Nasdaq: OTLY) has launched a new YouTube cooking series titled "Will It Swap?" featuring real-life characters swapping dairy for Oatly products in cherished recipes. The four-episode series highlights the growing trend towards plant-based eating, supported by a survey showing that 71% of Americans would consider using plant-based products. However, 53% cited taste as a concern. The campaign includes marketing on various social platforms and aims to validate Oatly's commitment to taste and sustainability.

Einride, a freight mobility technology company, has expanded its operations into Germany, Europe's largest transportation market. Partnering with key players like Electrolux, Einride aims to revolutionize freight with its digital, electric, and autonomous shipping solutions. The company operates a fleet of electric trucks in Sweden and the U.S., promising a 92% reduction in CO2 emissions compared to diesel. As Germany faces rising fuel costs and a driver shortage, Einride plans to establish bases in Berlin, Hamburg, and the Ruhr Area, alongside building a robust charging infrastructure.