Financial Data and Key Metrics - Constant currency revenue growth accelerated to nearly 10% YoY, with all segments driving volume-led growth [10] - Adjusted EBITDA improved significantly, reporting a quarterly loss of $5 million, marking the fifth consecutive quarter of sequential improvement [11] - Gross margin improved by 1,240 basis points YoY to 29.8%, with a 60 basis point sequential improvement from Q2 [44] - Volume growth accelerated to 13% YoY, with each region reporting solid growth [13] - Free cash flow performance in Q3 was the best since the company's IPO [58] Business Segment Performance Europe and International - Revenue growth of 6% (4% on a constant currency basis), with a 46% YoY increase in adjusted EBITDA [21] - Retail volume grew by 5% and foodservice by 7% YoY [22] - Established markets grew by 5%, while expansion markets in Europe saw 25% volume growth [23] - International expansion markets, primarily Southeast Asia, saw a 4% volume decline due to increased competition [24] North America - Revenue grew by 18%, with a $11 million YoY improvement in adjusted EBITDA [36] - Retail sales grew by 16%, and foodservice by nearly 20% [37] - Market share in the plant-based milk category reached an all-time high, with dollar velocities per point of distribution nearly 3x higher than competitors [38] - Chilled oat milk distribution points increased by 45% YoY, with ACV up 500 basis points to 44% [39] Greater China - First quarter of profitable growth, with 12% constant currency sales growth and adjusted EBITDA of $2 million, an $18 million YoY improvement [40] - Oatly-based cold drinks are being promoted across major customers, with momentum expected to continue into colder months [42] Market and Competitive Landscape - The company continues to gain market share in nearly every European market, including the UK, despite sluggish category growth [25] - The Barista product line remains a strong growth driver, particularly in the coffee space, with new formats and concepts driving consumer adoption [27] - Advertising campaigns in the UK and Germany are designed to expand consumer adoption by addressing taste perceptions and leveraging local preferences [29][33] Strategic Direction and Industry Competition - The company is focused on driving structural, consistent profitable growth, with investments in branding and advertising to stimulate demand [18][19] - SG&A cost savings program is largely complete, with exits from US and UK manufacturing facilities on track [20] - The company is evaluating Asian supply chain options to optimize production and improve efficiency [20] Management Commentary on Operating Environment and Future Outlook - Management expects constant currency revenue growth to be near or slightly below the low end of the previously provided range of 6% to 10% for the full year [9] - Adjusted EBITDA is expected to be near the favorable end of the range of minus $35 million to minus $50 million, with capital expenditure below $55 million [10] - The company remains committed to achieving profitable growth, with a focus on distribution gains, market share improvement, and category creation in expansion markets [66] Other Important Information - The company ended the quarter with a strong liquidity position of $322 million, including $119 million in cash and $203 million in undrawn credit facilities [56] - The exit of US and UK manufacturing facilities resulted in a net $3 million cash inflow in Q3, with a cumulative impact of $10 million cash outflow [57] Q&A Session Summary Question: What is driving the deceleration in revenue growth to around 7% in Q4 2024, and what is the exit rate going into 2025? - The deceleration is primarily due to sluggish category growth in Europe, particularly in the UK, despite the company's focus on consumer engagement and advertising [62][63] Question: Are there any factors that could prevent the company from achieving positive adjusted EBITDA in 2025? - The company is committed to achieving profitable growth, with significant progress in gross margin and SG&A recalibration, but no specific 2025 guidance was provided [65][66][67]

For the quarter ended September 2024, Oatly Group AB Sponsored ADR (OTLY) reported revenue of $208 million, up 10.9% over the same period last year. EPS came in at -$0.06, compared to -$0.07 in the year-ago quarter.The reported revenue represents a surprise of +0.07% over the Zacks Consensus Estimate of $207.87 million. With the consensus EPS estimate being -$0.06, the company has not delivered EPS surprise.While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- a ...

The stock plunged early in the week and its earnings report didn't help. According to data from S&P Global Market Intelligence, the stock was down 17.9% for the week as of 3:18 p.m. ET on Friday. Shares of Oatly Group (OTLY 2.23%), a maker of oat-based foods and beverages, were taking a dive this week after the company reported middling results and as a rally the previous week leading into the earnings report faded. Oatly still needs to prove itself Oatly stock fell sharply in the first two trading days of ...

SECURITIES AND EXCHANGE COMMISSION For the month of July 2024 (Translation of registrant's name into English) (Address of principal executive office) Interim condensed consolidated financial statements For the three and six months ended June 30, 2024 Item 1. Financial Statements 1 2 3 9 Notes to the interim condensed consolidated financial statements (in thousands of U.S. dollars unless otherwise stated) During the year ended December 31, 2021, in connection with the initial public offering ("IPO"), the Com ...

Financial Data and Key Metrics Changes - The company reported a 3.2% year-over-year revenue growth and a constant currency revenue growth of 3.9% for the quarter [4] - Gross margin for the quarter was 29.2%, which is 1,000 basis points higher than a year ago [4] - Adjusted EBITDA was a loss of $11 million, representing a $41.5 million improvement compared to the same quarter last year [4][32] Business Line Data and Key Metrics Changes - The North America segment achieved nearly 10% revenue growth and was profitable in the quarter [2] - The European & International segment reported constant currency revenue growth of 7.5% and adjusted EBITDA of $12.6 million [40] - The Greater China segment experienced a volume growth of over 26% in the quarter, although it faced a 15.9% constant currency decline due to strategic resets [63][65] Market Data and Key Metrics Changes - In Europe, the retail channel grew by 13%, leading to market share gains in oat milk of 370 basis points year-on-year [42] - The foodservice side of the business in North America grew by 9% in the quarter [87] - The company noted strong growth in new European markets, with triple-digit growth in Spain and Belgium [1][19] Company Strategy and Development Direction - The company is focused on bringing the Oatly magic to more people and engaging with new consumers while expanding geographically [34] - There is a commitment to maintaining cost discipline while investing in demand generation to drive growth [38] - The company plans to continue its strategic initiatives across all segments, with a focus on executional excellence [56] Management's Comments on Operating Environment and Future Outlook - Management expressed confidence in the second half of the year, updating full-year guidance to expect constant currency revenue growth in the range of 6% to 10% [31] - The company remains cautious about the consumer macroenvironment but is pleased with progress in the Greater China segment [3] - Management emphasized the importance of maintaining a focus on profitable growth as a long-term goal [10][60] Other Important Information - The company has a strong liquidity position with $335 million available to fund its business plan [23][91] - The strategic reset in Greater China is expected to yield more favorable growth rates in the upcoming quarters [45][92] - The company is actively working on SG&A cost savings and has completed two rounds of savings programs [76][107] Q&A Session Summary Question: What is the outlook for pricing in China and globally? - Management indicated that the pricing strategy will be influenced by the performance of new customer agreements and overall market conditions [5][96] Question: What are the expectations for cash burn in the second half of the year? - Management confirmed that they remain on track for a total cash outflow of no more than $20 million related to plant exits [67][104] Question: How is the company managing entry approaches in different competitive landscapes? - The company is adapting its strategies based on market maturity and competitive dynamics, focusing on brand uniqueness and consumer engagement [24][110] Question: What is the expected cadence of EBITDA progression in the back half of the year? - Management stated that while they do not provide specific quarterly guidance, they expect continued improvement in EBITDA as they focus on profitable growth [98][100]

"We're excited to welcome Oatly into our family of partners, and we look forward to working with them in a variety of ways," said Jonathan Vaughters, CEO of EF Pro Cycling. "Oatly is an innovative and irreverent brand whose products are already used by several of our riders, and they're a perfect match to what we're trying to inject into the sport. We've already begun working on some great things together and can't wait for people to see them." Forward Looking Statement: This press release contains forward- ...

Training Camp Naming Rights: EF Pro Cycling's training camps will now be known as "Oatly Performance Camps" providing ample collaboration opportunities for research and meal-planning to incorporate Oatly's dairy-free products into athletes diets. Prominent Logo Placements: Oatly's logo will now appear on team uniforms worn while racing and training, and across several EF Pro Cycling properties, including team cars, buses, trucks, chef and soigneur vans. Event-Specific Activations and Integrations: Oatly and ...

MALMÖ, Sweden, June 24, 2024 (GLOBE NEWSWIRE) -- Oatly Group AB (NASDAQ:OTLY), the world's original and largest oat drink company, will report financial results for the second quarter ended June 30, 2024, on Wednesday, July 24, 2024, before the U.S. market opens. Oatly will host a conference call and webcast at 8:30 a.m. ET on the same day to discuss the results. About Oatly For more information, please visit www.oatly.com. The conference call and simultaneous live webcast can be accessed on Oatly's Investo ...

MALMÖ, Sweden, May 15, 2024 (GLOBE NEWSWIRE) -- Oatly Group AB (NASDAQ:OTLY) ("Oatly" or the "Company"), the world's original and largest oat drink company, today announced the results of its Annual General Meeting of shareholders (the "AGM") held on May 15, 2024. The AGM adopted, inter alia, the following resolutions: Adoption of the income statement and balance sheet, disposition regarding the Company's results and discharge from liability The AGM adopted the Company's profit and loss account and the bala ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 6-K REPORT OF FOREIGN PRIVATE ISSUER PURSUANT TO RULE 13a-16 OR 15d-16 OF THE SECURITIES EXCHANGE ACT OF 1934 For the month of April 2024 Commission File Number: 001-40401 Oatly Group AB (Translation of registrant's name into English) Ångfärjekajen 8 Indicate by check mark whether the registrant files or will file annual reports under cover of Form 20-F or Form 40-F. Form 20-F ☒ Form 40-F ☐ Oatly Group AB Interim condensed consolid ...