Oatly Group (OTLY) has released an update.
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Oatly Group AB reported its financial results for the three and nine months ended September 30, 2024, showing an increase in revenue to $208 million for the quarter, up from $187.6 million in the same period last year. Despite the revenue growth, the company faced an operating loss of $28.96 million, narrowing from $67.35 million in the previous year. This financial performance highlights both the potential and challenges the company faces in the competitive plant-based market.
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