Oatly Reports 5% Rise in Revenue, Expects First Full Year of Profitable Growth in 2025
Oatly has published its financial results for the fourth quarter and full year ending December 31 2024. Q4 revenue was $214.3 million, up 5% from the same period in 2023. Gross margin was 28.8%, a 5.4% increase compared to the prior year period. Fourth quarter net loss attributable to shareholders of the parent was $91.2 million, down from $298.7 million in Q4 2023. Adjusted EBITDA loss was $6.1 million, an improvement of $13.1 million on the prior year period. Oatly has also revealed that it is discontinuing the construction of a manufacturing facility in China, less than two months after announcing the closure of its Singapore facility as part of an asset-light strategy. Profitable growth expected Oatly now expects to achieve its first full year …