Oatly Group Ab (OTLY) has released an update.
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Oatly Group AB has reported an increase in revenue to $199,155 thousand for the first quarter of 2024, up from $195,645 thousand in the same period the previous year. Despite the revenue growth, the company faced a substantial operating loss of $28,413 thousand and a net loss of $45,844 thousand for the quarter. These financial results reflect the challenges the plant-based dairy company is facing in maintaining profitability amidst operational expenses.
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