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Oatly Group AB develops, produces and sells oat-based dairy substitute products under the Oatly brand. Its news centers on oat drinks and adjacent oat-based alternatives, including products comparable to milk, ice cream, yogurt, cooking creams, spreads and on-the-go drinks, sold across retail, coffee shop and restaurant channels in multiple countries.
Recurring updates cover quarterly and annual financial results, interim consolidated statements, revenue and volume trends by Europe & International, North America and Greater China, product introductions such as new oat drink formats, brand collaborations and capital-structure disclosures. Company releases also report Swedish annual report publication and SEC annual-report filings for the Nasdaq-listed foreign issuer.
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.
Oatly Group AB reported a record revenue of $146.2 million for Q2 2021, marking a 53.3% increase year-over-year. The company cited strong growth from existing and new production facilities despite facing some manufacturing challenges due to COVID-19. Gross profit was $38.6 million, with a 26.4% margin, down from last year’s 32.3%. Oatly expects full-year revenue to exceed $690 million, fueled by expansions in capacity and new partnerships. Noteworthy expansions include new facilities in Utah and Singapore.
Oatly Group AB (Nasdaq: OTLY) will release its financial results for the second quarter and first half of 2021 on August 16, 2021, prior to market opening. The company, renowned for being the largest oat drink producer, will also conduct a conference call and webcast at 8:30 a.m. ET to discuss the results. Oatly emphasizes its dedication to oats as a sustainable and health-focused crop, highlighted by its diverse range of dairy alternative products. Investors can access the webcast via Oatly's Investors website.
Oatly Group AB announced the pricing of its initial public offering (IPO) of 84,376,000 American Depositary Shares (ADSs) at $17.00 each. Of these, 64,688,000 ADSs are offered by Oatly, with the remaining 19,688,000 from selling shareholders. An additional 12,656,400 ADSs may also be purchased by underwriters. Trading on the Nasdaq under the symbol OTLY is set to begin on May 20, 2021, with closing anticipated on May 24, 2021, pending customary conditions.