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 ...

Oatly Group AB (NASDAQ:OTLY) Q1 2024 Earnings Conference Call April 30, 2024 8:30 AM ET Company Participants Brian Kearney - Vice President of Investor Relations Jean-Christophe Flatin - Chief Executive Officer Daniel Ordonez - Chief Operating Officer Marie-Jose David - Chief Financial Officer Conference Call Participants Michael Lavery - Piper Sandler Ken Goldman - JPMorgan Max Gumport - BNP Paribas John Baumgartner - Mizuho Securities Operator Greetings, and welcome to the Oatly Group First Quarter 2024 E ...

The company's gross profit is surging at an impressive rate.Shares of alternative-milk company Oatly Group (OTLY 14.00%) soared on Tuesday after the company reported financial results for the first quarter of 2024. It's only a mild reprieve for a stock that's still 96% below its all-time high, but it was a welcome reprieve for shareholders, nonetheless, with Oatly stock up 15% as of 1:15 p.m. ET.A huge step forward with gross profitsWhen it comes to the top line, Oatly didn't turn any heads in Q1. The compa ...

This presentation contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any express or implied statements contained in this presentation that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, statements regarding our financial outlook for 2024, profitability improvement, long-term growth strategy, expected capital expenditures, anticipated supply chain performance, anticipated impact ...

UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F (Mark One) ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRANSITION REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☐ SHELL COMPANY REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF ...

Jean-Christophe Flatin, Oatly's CEO, commented, "I am proud of the progress that we made throughout 2023. It was a pivotal year where we executed a significant re-calibration of the entire organization to stabilize our business and ensure we are properly positioned for long-term success. We did this while driving solid top-line growth and significant improvements in our gross profit, selling, general, and administrative expenses, and operating cash flow." Flatin added, "As we enter 2024, our financial guida ...

PART I – FINANCIAL INFORMATION [Financial Statements](index=4&type=section&id=Item%201.%20Financial%20Statements) The company's financial statements show a Q3 profit driven by financing activities and improved liquidity [Statement of Operations](index=4&type=section&id=Interim%20condensed%20consolidated%20statement%20of%20operations) Q3 2023 shows improved gross profit and a net profit driven by significant non-operating finance income Consolidated Statement of Operations Highlights (in thousands of U.S. dollars) | Metric | Q3 2023 | Q3 2022 | Nine Months 2023 | Nine Months 2022 | | :--- | :--- | :--- | :--- | :--- | | **Revenue** | 187,595 | 183,026 | 579,227 | 527,170 | | **Gross Profit** | 32,561 | 4,982 | 104,305 | 48,974 | | **Operating Loss** | (67,348) | (104,368) | (214,397) | (270,954) | | **Finance Income/(Expenses), Net** | 112,841 | (7,491) | 99,333 | (4,507) | | **Profit/(Loss) for the period** | 44,011 | (107,949) | (118,285) | (267,398) | | **Basic EPS ($)** | 0.07 | (0.18) | (0.20) | (0.45) | [Statement of Comprehensive Income/(Loss)](index=5&type=section&id=Interim%20condensed%20consolidated%20statement%20of%20comprehensive%20income%2F%28loss%29) Q3 2023 comprehensive income improved significantly, though the nine-month period shows a comprehensive loss Comprehensive Income/(Loss) Summary (in thousands of U.S. dollars) | Metric | Q3 2023 | Q3 2022 | Nine Months 2023 | Nine Months 2022 | | :--- | :--- | :--- | :--- | :--- | | **Profit/(Loss) for the period** | 44,011 | (107,949) | (118,285) | (267,398) | | **Other Comprehensive Loss** | (6,886) | (43,223) | (100,405) | (126,389) | | **Total Comprehensive Income/(Loss)** | 37,125 | (151,172) | (218,690) | (393,787) | [Statement of Financial Position](index=6&type=section&id=Interim%20condensed%20consolidated%20statement%20of%20financial%20position) The balance sheet reflects increased assets and liabilities due to recent financing, resulting in lower total equity Financial Position Highlights (in thousands of U.S. dollars) | Metric | September 30, 2023 | December 31, 2022 | | :--- | :--- | :--- | | **Total Assets** | 1,307,835 | 1,225,197 | | Cash and cash equivalents | 283,184 | 82,644 | | Inventories | 83,537 | 114,475 | | Property, plant and equipment | 501,923 | 492,952 | | **Total Liabilities** | 716,675 | 434,054 | | Convertible Notes | 281,541 | - | | Liabilities to credit institutions | 125,503 | 52,590 | | **Total Equity** | 591,160 | 791,143 | [Statement of Changes in Equity](index=8&type=section&id=Interim%20condensed%20consolidated%20statement%20of%20changes%20in%20equity) Total equity declined significantly due to comprehensive losses from operations and financing instruments - Equity attributable to shareholders of the parent **decreased from $791.1 million** on December 31, 2022, **to $589.3 million** on September 30, 2023[10](index=10&type=chunk) - The main drivers for the equity decrease were the **net loss for the period** and other comprehensive losses, including a **$(72.7) million fair value change** on Convertible Notes due to credit risk and a **$(199.2) million foreign currency translation reserve**[10](index=10&type=chunk)[85](index=85&type=chunk) [Statement of Cash Flows](index=10&type=section&id=Interim%20condensed%20consolidated%20statement%20of%20cash%20flows) Cash position improved significantly due to strong financing inflows, offsetting operational and investment cash usage Cash Flow Summary (in thousands of U.S. dollars) | Metric | Nine Months 2023 | Nine Months 2022 | | :--- | :--- | :--- | | **Net cash flows used in operating activities** | (151,479) | (215,224) | | **Net cash flows (used in)/from investing activities** | (9,636) | 51,856 | | **Cash flows from/(used in) financing activities** | 362,033 | (9,981) | | **Net increase/(decrease) in cash** | 200,918 | (173,349) | | **Cash and cash equivalents at end of period** | 283,184 | 105,603 | [Notes to Financial Statements](index=11&type=section&id=Notes%20to%20the%20interim%20condensed%20consolidated%20financial%20statements) Notes detail segment performance, asset sales, major financing activities, legal settlements, and key subsequent events - **Segment Performance (9M 2023):** EMEA revenue grew to **$297.0M**, Americas revenue grew to **$184.4M**, while Asia revenue declined to **$97.9M**[26](index=26&type=chunk) - **YYF Transaction:** The company closed the sale of its Ogden, UT and Dallas-Fort Worth, TX facilities to Ya YA Foods (YYF) for an aggregate purchase price of approximately **$102.6 million**, including cash, a promissory note, and credits[79](index=79&type=chunk)[80](index=80&type=chunk) - **Financing:** The company issued a total of **$335 million** in 9.25% Convertible Senior PIK Notes due 2028 and entered into a new **$130 million** Term Loan B Credit Agreement[92](index=92&type=chunk)[105](index=105&type=chunk)[109](index=109&type=chunk) - **Legal Settlement:** The company reached a settlement in principle for securities class action litigation, agreeing to pay **$9.25 million**, which is contingent upon court approval[124](index=124&type=chunk) - **Subsequent Events:** The company decided to discontinue construction of new production facilities, expecting a **$110-$150 million non-cash impairment charge** in Q4 2023, and received a **Nasdaq non-compliance notice** for its stock price falling below the $1.00 minimum bid requirement[126](index=126&type=chunk)[128](index=128&type=chunk) [Management's Discussion and Analysis (MD&A)](index=36&type=section&id=Item%202.%20Management's%20Discussion%20and%20Analysis%20of%20Financial%20Condition%20and%20Results%20of%20Operations) Management discusses strategic shifts toward profitability, improved gross margins, and enhanced liquidity [Results of Operations](index=40&type=section&id=Results%20of%20Operations) Q3 revenue growth was driven by EMEA, with significant gross margin expansion and lower operating expenses Q3 2023 vs Q3 2022 Performance | Metric | Q3 2023 | Q3 2022 | Change | Change % | | :--- | :--- | :--- | :--- | :--- | | Revenue | $187.6M | $183.0M | +$4.6M | +2.5% | | Gross Profit | $32.6M | $5.0M | +$27.6M | +553.6% | | Gross Margin | 17.4% | 2.7% | +14.7 p.p. | N/A | | SG&A Expenses | $87.1M | $103.8M | -$16.6M | -16.0% | - The increase in gross profit margin was mainly due to **price increases in EMEA** and **improved operational efficiency**, including lower inventory write-offs[166](index=166&type=chunk) - The decrease in SG&A expenses was driven by reductions in **employee-related expenses, customer distribution costs, marketing, and professional fees**[171](index=171&type=chunk) [Liquidity and Capital Resources](index=45&type=section&id=Liquidity%20and%20Capital%20Resources) Liquidity was significantly strengthened through new debt facilities and convertible note issuance - As of September 30, 2023, the company had **$283.2 million in cash** and cash equivalents and **$203.6 million available** in undrawn bank facilities[179](index=179&type=chunk)[180](index=180&type=chunk) - Financing activities in 2023 included a new **$130 million Term Loan B** Credit Agreement and the issuance of Convertible Notes totaling **$335 million** in aggregate principal amount[181](index=181&type=chunk)[184](index=184&type=chunk)[189](index=189&type=chunk) - Net capital expenditures for 2023 are projected to be **below $75 million**, reflecting a shift in capital allocation strategy[178](index=178&type=chunk) [Non-IFRS Financial Measures](index=48&type=section&id=Non-IFRS%20Financial%20Measures) Non-IFRS measures like Adjusted EBITDA and Free Cash Flow show significant year-over-year improvement Adjusted EBITDA Reconciliation (in thousands of U.S. dollars) | Metric | Q3 2023 | Q3 2022 | Nine Months 2023 | Nine Months 2022 | | :--- | :--- | :--- | :--- | :--- | | **Profit/(loss) for the period** | 44,011 | (107,949) | (118,285) | (267,398) | | Adjustments (Taxes, Finance, D&A, etc.) | (98,800) | 25,246 | (78,815) | 60,001 | | **Adjusted EBITDA** | (35,998) | (82,703) | (138,339) | (207,459) | - **Constant currency revenue was flat** in Q3 2023 compared to Q3 2022, and **grew 11.0%** for the nine-month period[208](index=208&type=chunk) [Quantitative and Qualitative Disclosures About Market Risk](index=52&type=section&id=Item%203.%20Quantitative%20and%20Qualitative%20Disclosures%20About%20Market%20Risk) The company is exposed to foreign exchange, interest rate, credit, and liquidity risks - Primary market risks are identified as **foreign exchange, interest rate, credit, and liquidity risk**[220](index=220&type=chunk) PART II – OTHER INFORMATION [Legal Proceedings](index=52&type=section&id=Item%201.%20Legal%20Proceedings) The company reports no material legal proceedings aside from a disclosed class action settlement - The company is not a party to any material legal proceedings, other than those disclosed in the financial statement notes[221](index=221&type=chunk) [Risk Factors](index=52&type=section&id=Item%201A.%20Risk%20Factors) Key risks include potential Nasdaq delisting, significant impairment charges, and ongoing litigation - **Nasdaq Listing Risk:** On November 6, 2023, the company received a notice from Nasdaq for **non-compliance with the minimum $1.00 bid price requirement**, which could result in delisting if not remedied[223](index=223&type=chunk) - **Impairment Charges:** The company expects to record non-cash impairment charges of **$110 million to $150 million** in Q4 2023 related to the discontinuation of construction at new production facilities[225](index=225&type=chunk) - **Litigation Risk:** The company is subject to securities class action lawsuits and has reached a settlement in principle for **$9.25 million**, which is pending court approval[227](index=227&type=chunk) [Unregistered Sales of Equity Securities, Use of Proceeds, and Issuer Purchases of Equity Securities](index=54&type=section&id=Item%202.%20Unregistered%20Sales%20of%20Equity%20Securities%2C%20Use%20of%20Proceeds%2C%20and%20Issuer%20Purchases%20of%20Equity%20Securities) Information regarding the use of proceeds is incorporated by reference from a prior SEC filing - Information regarding the use of proceeds is incorporated by reference from a prior SEC filing[228](index=228&type=chunk) [Defaults Upon Senior Securities](index=54&type=section&id=Item%203.%20Defaults%20Upon%20Senior%20Securities) The company reports no defaults upon its senior securities - None[229](index=229&type=chunk)

[1] Catentiliated fromewor your wallo proch 10t 10th 21 welcomers, W. Suchen, islender, Methoused, Methoused, Methoused, Methouler, Methousers, Generaly, Morey, Secure Wila based data is available. Source for UK, IRI. (2) Constant currency revenue is a nom-IFRS massure. Please sen appendix for a reconciliation to rovenue, the nearest IFRS maasure, Total-Oatly Longer-term Target THE ORIGINAL MARIE-JOSÉ DAVID, CFO 《Justor de BESTIN chould not be reseddensel as wa allancellane in a una aktimation is a producer ...