Oatly Group Reports Growth and Upbeat Forecast

Oatly Group (OTLY) has released an update.

Oatly Group AB, the leading oat drink company, has reported a 3.2% revenue increase to $202.2 million in Q2 2024, with a notable 10 percentage point gross margin improvement and a $56.3 million reduction in net loss from the same period last year. The company experienced volume growth across all segments and has raised its full-year 2024 revenue and adjusted EBITDA outlook while decreasing its capital expenditure forecast.

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