Oatly Group Ab Stock Price, News & Analysis

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.

Oatly Group AB announced a new partnership with REEF Kitchens to provide one-hour delivery of its oat-based products in Los Angeles and New York City. This initiative enables consumers to order popular items such as oatmilk and frozen desserts through delivery apps like Postmates, UberEats, DoorDash, and Grubhub. The launch reflects Oatly's strategic effort to enhance product accessibility in key markets.

This partnership comes amid growing demand for Oatly's products since its U.S. entry in 2017, emphasizing their strong consumer base in these metropolitan areas.

Oatly Group AB (Nasdaq: OTLY), the leading oat drink company, will participate in Cowen's 6th Annual Future of the Consumer Conference on May 25, 2022, at 1:25 p.m. Eastern Time. Investors can view the fireside chat via webcast on Oatly’s Investors website, where it will remain available for 30 days. Oatly has dedicated over 25 years to oat-based products, contributing to sustainable food options worldwide. The brand operates in over 20 countries, focusing on dairy alternatives like milk, ice cream, and yogurt.

Oatly Group AB (OTLY) announced Q1 2022 revenue of $166.2 million, up 18.6% year-over-year, driven by growth in EMEA and Americas, which saw increases of 10.9% and 40.3% respectively. However, the company faced challenges from COVID-19 lockdowns in Asia, impacting overall sales. Gross profit was $15.8 million, reflecting a margin decline to 9.5% due to higher production costs and supply chain disruptions. Oatly reiterated its full-year revenue guidance of $880 million to $920 million, citing increasing consumer demand, while navigating macroeconomic uncertainties.

Oatly Group AB (Nasdaq: OTLY) announced the expansion of its executive leadership team, appointing Jean-Christophe Flatin as Global President and Daniel Ordonez as Chief Operating Officer, effective June 1, 2022. Peter Bergh transitions to Chief Strategy Officer. These changes aim to enhance operational efficiency and support Oatly's growth following a 53% revenue increase in 2021. Flatin and Ordonez bring vast experience from Mars and Danone, respectively, to strengthen Oatly's market leadership and global presence in the plant-based sector.