Oatly Group Ab (OTLY) has released an update.
Oatly Group AB has released its financial results for the year ended December 31, 2023, reporting a total revenue of $783.3 million across its segments, with particularly stark figures in Europe & International and North America. The company faced significant adjusted EBITDA losses totaling $157.6 million, compounded by substantial asset impairment charges and other costs of over $201 million due to discontinued construction of production facilities. These financial highlights reflect Oatly’s strategic adjustments and the challenges encountered within the reporting period.
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