First Quarter of Profitable Growth
Oatly achieved its first quarter of profitable growth since the IPO, driven by a disciplined strategic approach and a 20% increase in sales since mid-2022.
Strong European and International Performance
The European and International segments saw a revenue growth of over 12% in Q3, with an 18% EBITDA margin, 700 basis points higher than the previous year.
Effective Growth Strategy in Germany
Germany showed a 45% growth in foodservice over five consecutive quarters, with retail growth accelerating to 14% year-on-year.
Greater China Segment Growth
The Greater China segment posted a 28.7% constant currency revenue growth, with strong performance in both foodservice and retail channels.
Positive Adjusted EBITDA
Adjusted EBITDA was a positive $3.1 million, an $8.2 million improvement compared to the previous year.
Cash Flow Improvement
Free cash flow was a net cash outflow of $5 million, which is a $22 million improvement compared to the previous year.