Oatly Group Ab - OTLY STOCK NEWS

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.

Oatly Group AB (OTLY) reported a 21.8% revenue increase to $178.0 million in Q2 2022, aided by strong demand despite COVID-19 impacts. Revenue in constant currency rose 29.7% to $189.6 million. However, the company posted a net loss of $72.0 million, worsening from a $59.1 million loss last year. Gross profit fell to $28.1 million, reflecting a 15.8% margin. Adjusted EBITDA loss increased to $53.4 million. Oatly revised its 2022 revenue forecast to $800-$830 million, anticipating challenges from inflation and supply chain issues.

Oatly Group AB (Nasdaq: OTLY) will announce its second-quarter financial results for the period ending June 30, 2022, on August 2, 2022, before U.S. market opens. The company will hold a conference call and webcast at 8:30 a.m. ET on the same day to discuss the results. Oatly, recognized as the world's original and largest oat drink manufacturer, has dedicated over 25 years to oat innovation, focusing on sustainable dairy alternatives. The company operates globally, with its products available in over 20 countries.

Oatly Group AB (OTLY) held its Annual General Meeting on June 16, 2022, where key resolutions were adopted. The AGM approved the balance sheets and profit and loss accounts for the financial year 2021, with no dividend distribution. Twelve members were confirmed for the board of directors, with various remuneration structures set for committee members. Ernst & Young was re-elected as auditor. Notably, the board received authorization to issue new shares up to 20% of registered capital, impacting potential shareholder dilution. The company remains focused on its sustainable oat drink offerings.

Oatly Group AB (Nasdaq: OTLY) announced the launch of electric-powered, heavy-duty trucks in North America, expanding its sustainable transport initiative already in place in Europe. This initial fleet of five trucks is expected to save approximately 400,000 kg of CO2 over the next year, representing an 87% reduction in carbon emissions on selected routes compared to diesel trucks. Oatly aims to achieve 100% sustainable ground transport by 2029 and collaborates with Einride for electric freight solutions.

IRI's 2021 New Product Pacesetters report reveals that new product launches generated $6 billion in sales despite a challenging year marked by the pandemic. The top food and beverage innovations included Oatly, which ranked fifth, alongside popular drinks like Dr Pepper & Cream Soda. Key trends focused on consumer demand for cleanliness and varied flavors. The report indicates that innovative products contribute notably to growth, representing 44% of store expansion. Sustainability is increasingly important for consumers, impacting their purchase decisions.