MALMÖ, Sweden, March 30, 2026 (GLOBE NEWSWIRE) -- Oatly Group AB (Nasdaq: OTLY), the world’s original and largest oat drink company, will report financial results for the first quarter ended March 31, 2026, on Wednesday April 29, 2026 before the U.S. market opens. Oatly will host a conference call and webcast at 8:00 a.m. ET on the same day to discuss the results. The conference call and simultaneous live webcast can be accessed on Oatly’s Investors website at https://investors.oatly.com under “Events.” The ...

Core Viewpoint - Oatly Group AB is investing in its Landskrona production facility to enhance production capacity by over 33% in response to rising global demand for plant-based drinks [1][3]. Company Overview - Oatly is the world's first and largest oat drink company, focusing exclusively on oat-based products for over 30 years [9]. - The company operates the Landskrona plant, which currently employs over 300 people and has a production capacity of 150 million liters per year, set to increase to 200 million liters [3][4]. Investment and Expansion - The multi-year investment aims to upgrade the Landskrona facility, with construction expected to begin in March 2026 and complete by March 2027 [8]. - The investment is part of Oatly's expected capital expenditures for 2026, following profitable growth reported in the fourth quarter and full year of 2025 [7][8]. Market Demand and Performance - European demand for plant-based drinks has increased by 6% over the last 12 months, with Oatly experiencing double-digit growth in the same period [4]. - The Out-of-Home and food service channels have surged more than 20%, driven by Oatly's innovative product offerings [4]. Sustainability and Sourcing - The Landskrona facility will source more oats from Swedish farmers post-refurbishment, with exports currently accounting for 70% of the facility's production volume [6]. - The project is expected to reduce the company's total corporate climate impact in 2026 and 2027, leveraging 100% renewable energy and improved efficiencies [3][6].

Core Insights - Oatly Group AB reported a second quarter revenue of $208.4 million, reflecting a 3.0% increase year-over-year, but a constant currency revenue decrease of 0.2% [4][5] - The company is focusing on cost efficiencies and has initiated a strategic review of its Greater China business to enhance growth and value [2][31] - Adjusted EBITDA loss improved to $3.6 million from a loss of $11.0 million in the prior year, driven by higher gross profit and reduced research and development expenses [12][14] Financial Performance - Second quarter gross margin increased to 32.5%, up 3.3 percentage points from the previous year, attributed to supply chain efficiencies [4][6] - The net loss attributable to shareholders was $55.9 million, an increase of $25.5 million compared to the prior year [4][11] - Total revenue for the first half of 2025 was $405.9 million, a slight increase from $401.4 million in the same period last year [5][49] Segment Performance - Europe & International segment revenue rose by 12.0% to $118.2 million, with a sold volume increase of 9.4% [21][22] - North America segment revenue decreased by 6.8% to $63.2 million, primarily due to a decline in sales to a major foodservice customer [23][24] - Greater China segment revenue fell by 6.4% to $27.0 million, driven by reduced sales in the foodservice channel [25][26] Cost Management - Research and development expenses decreased to $4.6 million from $10.9 million in the prior year, mainly due to prior year product launch issues [7] - Selling, general and administrative expenses slightly decreased to $84.1 million, reflecting ongoing efforts to reduce overhead costs [8] - Corporate expenses were $27.4 million, a minor decrease from the previous year [27] Cash Flow and Capital Expenditures - As of June 30, 2025, cash and cash equivalents stood at $67.9 million, with total outstanding debt of $449.6 million [28] - Capital expenditures for the first half of 2025 were $10.7 million, down from $20.4 million in the prior year [29] - Free cash flow outflow improved to $25.7 million from $106.4 million in the previous year [29] Strategic Outlook - The company has refined its 2025 outlook, expecting constant currency revenue growth to be flat to +1%, down from a previous expectation of +2% to +4% [34] - Adjusted EBITDA is still anticipated to be in the range of positive $5 million to $15 million [34] - Capital expenditures are now expected to be approximately $20 million, reduced from earlier estimates of $30 to $35 million [34]

Core Viewpoint - Oatly Group AB, the world's largest oat drink company, is set to report its financial results for Q2 2025 on July 23, 2025, before the U.S. market opens [1]. Company Overview - Oatly has been focused on oats for over 30 years, developing expertise that has led to advancements in a variety of dairy alternatives, including milk, ice cream, yogurt, cooking creams, spreads, and on-the-go drinks [3]. - The company is headquartered in Malmö, Sweden, and its products are available in more than 50 countries globally [3]. Upcoming Events - A conference call and webcast will be held on July 23, 2025, at 8:00 a.m. ET to discuss the financial results [1][2]. - The webcast will be archived for 30 days for later access [2].

Core Points - Oatly Group AB held its Annual General Meeting (AGM) on May 20, 2025, where several key resolutions were adopted [1][2][3] Financial Resolutions - The AGM adopted the income statement and balance sheet for the financial year 2024, with the decision to carry forward the company's results without distributing any dividends [2] - The board of directors and the CEO were discharged from liability for the financial year 2024 [2] Board of Directors - The number of members on the board of directors was set to ten, without deputy members, as per the nominating and corporate governance committee's proposal [3] Remuneration - Compensation for board members was approved, with specific amounts allocated to various roles, including USD 70,000 for the chairperson and USD 60,000 for each ordinary member not employed by the company [8] Auditor Appointment - Ernst & Young Aktiebolag was re-elected as the auditor for the period until the end of the next AGM, following the audit committee's recommendation [4] Incentive Program Amendments - Amendments to the LTIP 2021-2026 incentive program were approved, including changes to allocation principles and the transfer of treasury instruments related to the program [5][6] - The maximum number of share awards for board members was reduced from 140,000 to 7,000 annually, while the total value limit remained at USD 140,000 [9] Share Award Program - The AGM authorized the company to assign or dispose of warrants of Series 2021-B to fulfill commitments arising from the share awards [10] Company Overview - Oatly is recognized as the world's original and largest oat drink company, focusing on oat-based products for over 30 years, with a presence in more than 50 countries [12]