financial results

Veganz Mililk

© Veganz Group

Facts & Figures

Veganz Reports Significant Loss Reduction But Decline in Revenue for 2024

German plant-based food producer Veganz Group AG has published its financial results for 2024, indicating a significant loss reduction compared to 2023. EBITDA was €-2.4 million, compared to €-6.3 million the previous year; this was due to cost-saving measures and one-off income from the capitalisation of a receivable resulting from a capital increase in 2023. Net loss for the period was €4.8 million, down from €9.5 million in 2023. In 2024, Veganz focused on transforming itself into a holding company with five brands — Veganz, Happy Cheeze, Mililk, Peas on Earth, and Orbifarm. Due to focused investment, in-house production turnover increased by 166% compared to the previous year. Decline in sales However, these portfolio optimisation measures led to a decline in sales in the old …

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Irish consumers go plant-based

© Oatly
Facts & Figures

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 …

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Beyond Meat Beyond sun sausage

© Beyond Meat
Facts & Figures

Beyond Meat Returns to Growth With Encouraging Q3 Financial Results

Beyond Meat has reported its financial results for the third quarter of 2024, demonstrating a promising return to growth. The company achieved net revenues of $81.0 million, an increase of 7.6% year-on-year. Gross profit reached $14.3 million, compared to a loss of $7.3 million in the year-ago period. Loss from operations was $30.9 million, down from $69.6 million in Q3 2023, while net loss decreased from $70.5 million to $26.6 million. Finally, adjusted EBITDA was a loss of $19.8 million, compared to a loss of $57.5 million in the year-ago period. The increase in revenues was primarily driven by a 15.8% increase in net revenue per pound achieved through lower trade discounts, price increases for certain products, and changes in product sales mix. This was …

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Irish consumers go plant-based

© Oatly
Stock market

Oatly Stock Rises Following Promising Q1 Financial Results

Leading oat milk producer Oatly has published its financial results for the first quarter of 2024, revealing an “encouraging start to the year”. The results have boosted Oatly stock, which is up 3.42% and has risen above the 200-day line. Compared to the same period last year, Oatly’s Q1 revenue rose by 1.8% to $199.2 million, while constant currency revenue increased by 1.2% due to growth in the North America and Europe & International segments. Gross margin reached 27.1%, up 9.7 percentage points. First quarter net loss was $45.8 million, an improvement of $29.8 million compared to Q1 2023; meanwhile, adjusted EBITDA loss was $13.2 million, a $36.7 million improvement. These results indicate that Oatly is moving towards break-even. For the remainder of 2024, Oatly …

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Vitasoy

© Vitasoy
Facts & Figures

Vitasoy Recovers From Last Year’s Losses to Record HK$104M Profit

Hong Kong-based plant milk brand Vitasoy has published positive results for the financial year 2022/2023, after turning around previous losses. The company recorded a profit from operations of HK$104 million for the year ending in March, compared to a loss of HK$213 million in FY 2021/2022. This was achieved in spite of the increased cost of energy and raw materials, mainly due to cost rationalizations in mainland China and an increase in government subsidies in Hong Kong. Results by region Vitasoy continues to lead the Chinese soymilk market, and registered an operating profit of RMB40 million this year versus a loss of RMB280 million in FY2021/2022. However, revenue dropped slightly by 2%. The company’s Australia and New Zealand operation saw a 3% revenue increase, with …

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