Oatly Group Ab - OTLY STOCK NEWS

Oatly Group AB will launch its new non-dairy frozen dessert bars in the U.S. starting this December. This innovative product joins a rapidly expanding portfolio, which has made Oatly the leading oat-based ice cream brand in North America. The frozen dessert bar market is valued at $5.4 billion, providing Oatly a significant growth opportunity. The bars come in four flavors and will be available in over 3,000 retail outlets at a suggested price of $5.99 for a three-count pack, reinforcing Oatly's commitment to plant-based alternatives.

Oatly Group AB (OTLY) reported a record quarterly revenue of $171.1 million, marking a 49.2% increase year-over-year. The company aims to exceed $635 million in revenue for fiscal year 2021, reflecting strong consumer demand across regions. However, challenges such as temporary production issues and COVID-19 restrictions affected results. Gross profit was $44.9 million with a margin of 26.2%, down from last year's 31.3%. Oatly continues to scale production amid rising costs, with capital expenditures expected between $280 million and $320 million.

Oatly Group AB (Nasdaq: OTLY) has announced the opening of a new research and innovation center at Lund University, Sweden, aimed at advancing oat research and bolstering its commitment to a sustainable food system. The initiative will add approximately 30 scientists to its team in Lund, with potential expansion to nearly 100 researchers across various global hubs. The center is expected to enhance Oatly's existing oat-based products and inspire new innovations.

Construction of the Science and Innovation Center is currently underway and is anticipated for completion in 2023.

Oatly Group AB (Nasdaq: OTLY) will announce its financial results for Q3 and the first nine months of 2021 on November 15, 2021, prior to U.S. market opening. A conference call and webcast will follow at 8:30 a.m. ET on the same day to discuss the outcomes.

Oatly, a leader in oat drink production, has been committed to oats for over 25 years, developing a wide range of dairy alternatives. Their products are available in over 20 countries, showcasing their global reach and focus on sustainability and health.

TrusTrace, a Stockholm-based software firm specializing in supply chain transparency, has secured a $6 million growth investment led by Industrifonden and Fairpoint Capital. This funding aims to enhance global expansion and product development within the fashion, food, and retail sectors. TrusTrace's platform tracks over $12 billion in goods, boasting 8,000 suppliers and 250,000 products. With sustainability becoming crucial, the market for green tech is projected to reach $58 billion by 2027, positioning TrusTrace as a key player.

iNNBeauty Project, a clean skincare brand, has completed a minority investment led by Strand Equity and Beechwood Capital. The funding aims to support the brand's expansion, including its launch in Sephora stores nationwide. iNNBeauty Project has seen impressive growth, achieving 300% year-over-year, and currently offers products in 490 Sephora locations. Co-founders Alisa Metzger and Jen Shane emphasize product efficacy and sustainability, making skincare accessible for younger consumers.

Cresicor, a startup in trade promotion management (TPM) for the consumer packaged goods (CPG) sector, has secured $5.6 Million in seed funding, spearheaded by Costanoa Ventures and joined by Torch Capital. With the CPG market seeing sales of $720 billion, Cresicor targets inefficient manual TPM processes with its platform that enhances planning, analytics, and financial reporting for trade promotions, achieving a 140% revenue retention rate and reducing labor by 80-90%. The funding will bolster Cresicor’s growth and product development.

Oatly Group AB (Nasdaq: OTLY) has announced its participation in the Cowen Health, Wellness & Beauty Summit on September 14, 2021, at 8:30 a.m. Eastern Time. Investors can access the webcast through Oatly’s Investors website, where it will be archived for 30 days. Oatly is recognized as the world’s original and largest oat drink company, focusing on sustainable products derived from oats for over 25 years.

Its innovative dairy alternatives include milks, ice cream, yogurt, cooking creams, and spreads, available in over 20 countries.

Oatly Group AB (Nasdaq: OTLY) announced plans to increase its oat base capacity at its Ogden, Utah facility to meet rising consumer demand. Starting in the second half of 2021, construction will commence to add 75 million liters of capacity, raising total annual production from 150 million to 225 million liters. By the end of 2022, Oatly aims to boost overall capacity from 1,000 million to 1,075 million liters. The company expects a 200% increase in production output by year-end 2022 compared to 2020. CEO Toni Petersson emphasized strong growth and commitment to meeting global demand.