Oatly Group AB, an oatmilk company, provides a range of plant-based dairy products made from oats in Sweden. It offers Barista edition oatmilk, oatgurts, frozen desserts, ice-creams, and yogurts; ready-to-go drinks, such as cold brew latte, mocha latte, matcha latte, and mini oat drink in original and chocolate flavors; and cooking products, including Cooking Cream, in regular and organic, Crème Fraiche, Whipping Cream, Vanilla Custard and Spreads in a variety of flavors. The company was formerly known as Havre Global AB and changed its name to Oatly Group AB in March 2021. The company was founded in 1994 and is headquartered in Malmö, Sweden.

Oatly Group AB

Oatly is a company built on the idea of change. We exist to make it easy for people to eat better and live healthier lives without recklessly taxing the planet’s resources in the process. This is why we come to work every day. Headquartered in Malmö, Sweden, the Oatly brand is available in more than 20 countries across Europe, North America and Asia. 

Visit oatly.com to learn more. 

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Oatly

When we invented oat drink we wanted to create a drink that almost everyone could use instead of milk from a cow. Although most agreed this was a genius move, people in the US quickly became discerning oat drink connoisseurs. They asked if we could make more versions of the original light blue oat drink that could come in different color-coded packages, to respond to different people's tastes. Like maybe an unsweetened one with zero sugar, or a really super basic one with only four ingredients (water, oats, salt & citrus zest fiber), or one with more fat or perhaps less fat and a chocolate version and also more cats in our socials, and we were like, "wow hold your horses demanding consumers! You had us at color-coded packaging.”

More people are likely to think that the Royal Family are extra-terrestrial reptiles than think vegan cheese contains ingredients derived from a cow.* Still, the Food Standards and Information Focus Group (FSIFG) has recommended banning dairy-free producers from using words and expressions like "Alternative to cheese", "dairy free yogurt" or "not-milk" on their packaging. They even suggested what to call things in the future! Instead of vegan mozzarella, they propose the mouthwatering and totally non-vulgar "Vegan soft white balls with a mild cheese flavour." We hope we'll never have to learn what they want to call custard. 

(*independent polling conducted by OnePoll of 2,000 UK adults in February 2024)

We've been told that brands are only accepted to do murals in Paris if they are "artfully" done and without any products or logos on the wall. In the event someone should doubt the artfulness of what we did, we paid a person with a master's degree in Art History to interpret it for us:

"By combining the Dadaist readymade and the Pop-art fondness for commercial objects, with modern day graffiti and moving sculptures, and then going full circle by borrowing the Neo-conceptualist use of text but turning it into an ad, the creators have managed to turn almost all the movements spawned by late modernism into a sacrilegious joke to sell oat drink. It can only be described as a form of art, I guess."

See, we're artists now.

Can an inspirational cliché written in cursive reverse The Dutch Government’s decision to increase taxes on plant-based alternatives to milk? Probably not. But it’s worth a try…Last week, the nearly 200% increase in the “Lemonade Tax” was voted in despite the efforts of Misty E. Mason and 40 000 other citizens plus ProVeg Nederland, Alpro, NGOs, The IkLobby and yours truly, who signed and supported her petition to stop it. Now, if you’re more than slightly confused why plant-based alternatives to milk are considered “lemonade” and subject to the tax, whilst cow’s milk isn’t, well, join the club… And if that confusion now has you questioning the logic of taxing products with a generally lower climate impact than milk, well, you can join that club too… And, as a valued club member, you should also know that despite this setback we will continue asking these questions and fighting to level the playing field for plant-based dairy alternatives. So to all policy makers out there, we’ll talk soon, yeah? 

Last Thursday, we maybe hosted the world’s largest conversation about climate footprint labelling on a Reddit AMA and invited Big Dairy Execs to co-host, but none showed up? Don’t worry Dairy Execs! You can still share your numbers with our FREE media offer! Apply at oatly.com/dairydeal. And for those of you who don’t do Reddit, no worries either! Here’s a handy audio version of the entire 1000 comment thread that should be three and a half hours long, but LinkedIn only lets us have thirty minutes so enjoy the thirty minutes! Or, maybe by now you’ve read this far and you’re wondering what a Reddit AMA thread looks like and you like long clickable links, click this long clickable link to the Reddit AMA thread: https://lnkd.in/eVvyXDsM. 

	Dec '19	Dec '20	Dec '21	Dec '22	Dec '23
revenue	204.05M -	421.35M 106.50%	643.19M 52.65%	722.24M 12.29%	784.78M 8.66%
cost of revenue	137.46M -	292.11M 112.50%	488.18M 67.12%	642.21M 31.55%	632.42M 1.52%
gross profit	66.58M -	129.24M 94.10%	155.01M 19.94%	80.03M 48.37%	152.36M 90.39%
selling and marketing expenses
general and administrative expenses
selling general and administrative expenses	93.44M -	167.79M 79.57%	353.93M 110.93%	412.80M 16.63%	374.08M 9.38%
research and development expenses	4.31M -	6.83M 58.49%	16.77M 145.51%	22.26M 32.74%	21.09M 5.29%
other expenses	-409K -	1.71M 519.07%	-1.94M 213.42%	40.95M 2,206.53%
cost and expenses	234.81M -	468.44M 99.50%	856.93M 82.93%	1.12B 30.49%	1.03B 8.11%
operating expenses	97.34M -	176.34M 81.15%	368.76M 109.12%	476.01M 29.09%	395.16M 16.98%
interest expense	2.50M -	11.87M 375.56%	14.98M 26.23%	1.41M 90.60%
ebitda	-22.77M -	-34.33M 50.82%	-186.52M 443.25%	-347.67M 86.40%	-190.83M 45.11%
operating income	-30.76M -	-47.09M 53.10%	-213.74M 353.87%	-395.99M 85.26%	-242.80M 38.68%
depreciation and amortization	7.99M -	12.76M 59.61%	27.22M 113.36%	48.31M 77.49%	51.97M 7.56%
total other income expenses net	-3.61M -	-10.86M 200.91%	-1.30M 87.98%	-1.41M 7.97%	-166.11M 11,689.06%
income before tax	-34.37M -	-57.95M 68.62%	-215.05M 271.09%	-397.39M 84.79%	-408.91M 2.90%
income tax expense	1.26M -	2.41M 91.65%	-2.65M 210.12%	-4.83M 81.81%	8.91M 284.61%
net income	-35.63M -	-60.36M 69.43%	-212.39M 251.87%	-392.57M 84.83%	-417.64M 6.39%
weighted average shs out	591.84M -	591.84M 0%	549.08M 7.22%	592.03M 7.82%	593.60M 0.27%
weighted average shs out dil	591.84M -	591.84M 0%	549.08M 7.22%	592.03M 7.82%	593.60M 0.27%
eps	-0.06 -	-0.10 66.11%	-0.39 290.00%	-0.66 69.23%	-0.70 6.06%
epsdiluted	-0.06 -	-0.10 66.11%	-0.39 290.00%	-0.66 69.23%	-0.70 6.06%

COM:OATLY

Oatly Group AB

Last Close

0.70

22/11 21:00

Market Cap

546.10M

Beta: -

Volume Today

5.23M

Avg: -

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