Oatly Group AB - ADR

NASDAQ:OTLY  
7.98
-0.25 (-3.04%)
Other Pre-Announcement

Oatly Reports Third Quarter 2021 Financial Results

Published: 11/15/2021 12:41 GMT
Oatly Group AB - ADR (OTLY) - Oatly Reports Third Quarter 2021 Financial Results.
Q3 Revenue Rose 49 Percent to $171.1 Million.
All-time High Production Output for Month of October.company Updates Fiscal Year 2021 Outlook.
Qtrly Gross Profit of $44.9 Million.
Americas Revenue Increased $23.1 Million, Or 87.3%, to $49.5 Million for Q3 of 2021 Compared to $26.4 Million in Prior Year Period.
Environment.
in Emea, We Are Starting to Build Supply to Meet Consumer Demand.
Pace at Which Co Expects to Increase Emea Revenue in New and Existing Retailers and to Open New Markets is Slower Than We Anticipated.
In Americas, We Are Pleased With Weekly Production Output Improvements at Our Ogden, Utah Facility To-date in Q4.
For Fiscal Year 2021, Company Expects Revenue to Exceed $635 Million,.
Sees 2021 Production Capacity to Be Approximately 600 Million Liters of Finished Goods at End of Year.
Long-term, Company Expects to Generate Gross Profit Margin of Greater Than 40%.
Qtrly Loss per Share, Attributable to Shareholders of the Parent $0.07.