Oatly Group AB American Depositary Shares - OTLY STOCK NEWS

Quinyx has completed the acquisition of Concrete, a leading platform for employee engagement and task management. This strategic move aims to enhance Quinyx’s product offerings, providing a robust AI-powered workforce management solution. The acquisition is expected to significantly improve operational efficiency for organizations like McDonald's and Bath & Body Works by bridging gaps between task execution and scheduling. Concrete will operate independently under Quinyx, with its CEO, Tristan Rogers, continuing in that role.

Oatly Group AB (Nasdaq: OTLY) has filed its Annual Report on Form 20-F for the fiscal year ending December 31, 2021, with the U.S. SEC. The report is accessible on the SEC's website and Oatly's Investor Relations site. Oatly, the world's leading oat drink company, has dedicated over 25 years to innovating oat-based products, including milk alternatives, ice cream, and yogurts. With a strong focus on sustainability and health, Oatly is available in over 20 countries globally.

Oatly Group AB (Nasdaq: OTLY) announced that its North American production facilities achieved a milestone by sourcing 100% renewable electricity for the first time in 2021. This was accomplished through renewable energy certificates (RECs) generated from oat fiber residue, wind, and solar power. Julie Kunen, Director of Sustainability, highlighted the company's commitment to reducing its carbon footprint. The initiative supports Oatly's sustainability goals as it continues to expand its product reach in a responsible manner.

Neighbor, a Phoenix-based outdoor furniture brand, has closed a Series A funding round led by Strand Equity. The capital will support new product development, team growth, and marketing efforts. Founded in 2020 by veterans of Tuft and Needle, Neighbor aims to disrupt the outdoor furniture market with modern designs and sustainable materials. The company plans to expand its product line, focusing on customer experience and profitability. This funding signifies confidence from investors in Neighbor's innovative approach and growth potential in a booming outdoor furniture industry.

Oatly Group AB reported record revenue of $185.9 million in Q4 2021, a 46.3% year-over-year increase. For the full year, revenue reached $643.2 million, up 52.6% year-over-year, surpassing expectations. Despite COVID-related challenges, Oatly expanded production capacity and increased supply. However, Q4 gross profit decreased to $29.6 million (15.9% margin) due to inflation and higher operational costs, leading to a net loss of $79.8 million. The 2022 outlook anticipates revenues between $880 million and $920 million, reflecting continued growth.

Oatly Group AB (Nasdaq: OTLY) will release its financial results for Q4 and the year ending December 31, 2021, on March 9, 2022, before U.S. market opens. A conference call and webcast will follow at 8:30 a.m. ET on the same day to discuss the results. Founded over 25 years ago, Oatly specializes in oat-based products, marketing a variety of dairy alternatives in over 20 countries. The company emphasizes sustainability and health in its offerings, leveraging its expertise in oats to innovate within the dairy alternative sector.

The Sage Group and Spayne Lindsay have announced a strategic partnership to form an independent global investment banking firm focused on the consumer sector. This alliance combines the expertise of over 50 investment banking professionals, enhancing service offerings for clients. Together, they have successfully completed over 300 transactions valued at tens of billions in the U.S. and Europe. The partnership aims to provide tailored advisory services across all consumer sub-sectors, enhancing capabilities and market reach for both firms.