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Oatly Group AB (OTLY) delivers innovative oat-based food and beverages through proprietary enzyme technology developed from Lund University research. This news hub provides investors and industry observers with essential updates about the company's strategic initiatives and market position.
Access official press releases covering financial results, product innovations, sustainability milestones, and partnership announcements. Our curated collection serves as a reliable resource for tracking Oatly's progress in reshaping the plant-based food sector across three continents.
Key updates include quarterly earnings disclosures, manufacturing expansions, new market entries, and environmental impact reports. All content maintains factual accuracy while avoiding speculative analysis to support informed decision-making.
Bookmark this page for streamlined access to Oatly's latest developments in sustainable food technology. Check regularly for updates on operational achievements and industry leadership in the non-dairy sector.
Oatly Group AB (OTLY) reported Q2 2024 financial results, showing progress in strengthening its business. Key highlights include:
- Revenue increased 3.2% to $202.2 million (3.9% in constant currency)
- Gross margin improved to 29.2%, up 10 percentage points year-over-year
- Net loss narrowed to $30.4 million, an improvement of $56.3 million
- Adjusted EBITDA loss reduced to $11.0 million, improving by $41.5 million
- North America segment reported its first full quarter of positive adjusted EBITDA
The company raised its full-year 2024 outlook, now expecting:
- Constant currency revenue growth of 6-10% (up from 5-10%)
- Adjusted EBITDA loss of $35-50 million (improved from $35-60 million)
- Capital expenditures below $70 million (down from $75 million)
Oatly, the leading oatmilk company, has announced a multi-year sponsorship deal with EF Pro Cycling, a renowned professional cycling team. Oatly will serve as the “Official Performance Partner” for both the men's and women's teams and will co-title sponsor the women’s team, now named “EF-Oatly-Cannondale.”
This partnership aims to integrate Oatly’s dairy-free products into the diets of professional athletes, showcasing the benefits of plant-based nutrition. The collaboration includes naming rights for training camps, logo placements on team gear, and various fan and event activations. Both organizations will also produce content to highlight the partnership and promote Oatly's products.
The sponsorship kicks off with the EF Pro Cycling men’s team participating in the Tour de France starting June 29, while the women’s team will compete in the Tour de France Femmes beginning August 12.
Oatly Group AB (Nasdaq: OTLY), the leading oat drink company, announced it will release its financial results for the second quarter of 2024 on July 24, 2024, before the U.S. market opens.
The company will also hold a conference call and webcast at 8:30 a.m. ET to discuss the results.
Both the call and webcast will be available on Oatly’s Investors website and the webcast will be archived for 30 days.
Oatly Group AB (Nasdaq: OTLY) announced the results of its 2024 Annual General Meeting (AGM) held on May 15, 2024.
Key resolutions included the adoption of the income statement and balance sheet for 2023, with no dividend distribution and the result being carried forward.
The board and CEO were discharged from liability. The board will have ten members, including one new member, Gregory S. Christenson.
Remuneration for board members and committee chairs was set, with fees ranging from USD 10,000 to USD 60,000.
Ernst & Young was re-elected as auditor.
Amendments to the LTIP 2021-2026 incentive program were approved, including changes to allocation principles and the exchange of “underwater” stock options for new RSUs.
Share awards for board members were increased to 140,000 annually, while the value cap remained at USD 140,000.
Oatly Group AB (Nasdaq: OTLY) reported a solid start to the year with first quarter revenue of $199.2 million, a 1.8% increase compared to the prior year period. Gross margin improved to 27.1% and net loss decreased to $45.8 million. Adjusted EBITDA loss was $13.2 million. The Company reiterated its full year 2024 guidance with revenue growth of 5-10% and adjusted EBITDA loss of $(35)-$(60) million.
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