Oatly Group sees FY22 revenue $700M-$720M, consensus $798.58M

The Company’s outlook assumes reasonable containment of COVID-19 related infection rates globally, including no further major lockdowns in Asia for the remainder of the year, and does not reflect any additional deterioration in the European macro environment, or any significant changes in the geopolitical impact of the current war in Ukraine. Based on the Company’s assessment of the current operating environment, including inflation, rising interest rates, and the impact on consumer behavior, as well as updated foreign currency exchange rates as of September 30, 2022, the Company now expects the following for the full year ending December 31, 2022: Revenue of $700 million to $720 million, an increase of 9% to 12% compared to full year 2021; Capital expenditures between $220 million and $240 million, no change from the previous guidance; Run-rate production capacity to be approximately 900 million liters of finished goods at the end of the year.