Oatly(US:OTLY)2025-04-30 11:11Financial Performance - Oatly's Q1 2025 revenue decreased by 08% year-over-year, but constant currency revenue grew by 07%[74] - Gross margin was 316% in Q1 2025, an increase of 450 basis points compared to the prior year[74] - Adjusted EBITDA was negative $37 million in Q1 2025, an improvement of $95 million compared to the prior year[74] - Free cash flow improved from negative $4527 million to negative $2051 million[85, 110] Segment Performance - Europe & International revenue remained relatively flat with 00% constant currency growth[82] - North America revenue decreased by 106% in constant currency[82] - Greater China revenue increased significantly by 392% in constant currency[82] - Adjusted EBITDA for Europe & International was $155 million, North America was $11 million, and Greater China was $16 million[82] Cost Efficiency and Outlook - COGS per liter decreased by 15% year-over-year[64] - The company is on track to deliver its first full year of profitable growth as a public company[19] - Full year 2025 guidance remains unchanged, with constant currency revenue growth of 2½% to 4½% and adjusted EBITDA of $5 to $15 million[19]