Oatly Group (OTLY) has released an update.
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Oatly Group reported a 10.9% increase in third-quarter revenue to $208 million, driven by robust growth across its operating segments. Despite a net loss of $34.6 million, the company saw significant improvement in its adjusted EBITDA, marking a positive shift in financial performance. For the first time since its IPO, all segments reported positive adjusted EBITDA, highlighting Oatly’s progress towards consistent profitable growth.
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