Oatly Group Ab (OTLY) has released an update.
Oatly Group AB has reported a promising start to 2024 with first-quarter revenue up by 1.8% to $199.2 million and a notable increase in gross margin to 27.1%. The company saw a significant reduction in net loss to $45.8 million, down from $75.6 million in the previous year, and improved Adjusted EBITDA loss by $36.7 million. Despite these positive trends, the company maintains its full-year guidance, anticipating continued growth and cost management efforts.
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