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Oatly Group AB (OTLY) is the world’s largest oatmilk company, specializing in the development and sale of oat-based products. With over 25 years of expertise, the company focuses on providing plant-based dairy alternatives that promote sustainability and health. Oatly's product portfolio includes oatmilk, ice creams, yogurts, cooking creams, spreads, and on-the-go drinks, catering to a global market through retail, e-commerce, and foodservice channels.
- Europe & International - Generates revenue from the sale of oatmilk and other oat-based products in markets such as the United Kingdom, Germany, and Sweden, making it the largest contributor to the business.
- North America - Focuses on the distribution of oatmilk and related products, with the United States being the primary market.
- Greater China - Drives sales of oat-based products in China and surrounding regions, leveraging a foodservice-led strategy.
- Oatmilk - Represents the core product category, accounting for the majority of the company’s consolidated revenue.
- Other Oat-Based Products
- Ice Creams - Offers plant-based frozen desserts made from oats.
- Yogurts - Produces oat-based alternatives to traditional yogurt.
- Cooking Creams - Supplies oat-based cooking solutions for culinary use.
- Spreads - Provides plant-based spreads for various applications.
- On-the-Go Drinks - Delivers convenient, ready-to-drink oat-based beverages.
| Name | Position | External Roles | Short Bio | |
|---|---|---|---|---|
Daniel Ordoñez Executive | Chief Operating Officer | None | COO since June 2022; previously held leadership roles at Danone and Unilever, with over 30 years of experience in consumer goods. | |
Jean-Christophe Flatin Executive | Chief Executive Officer | None | CEO since June 2023; previously Global President of Oatly (2022-2023) and held leadership roles at Mars, Inc. for over 30 years. | View Report → |
Marie-José David Executive | Chief Financial Officer | None | CFO of Oatly; no additional details provided in the documents. | |
Ann Chung Board | Board Member | Managing Director at The Blackstone Group; Board Member at Spanx LLC, Supergoop LLC. | Board member since July 2020; independent director with expertise in entrepreneurial management and private equity. | |
Bernard Hours Board | Board Member | President of Andros España and Chef Sam; President of Medved Limited; Board Member at Verlinvest. | Board member since March 2019; former COO of Danone S.A. and board member of Essilor International. | |
Calvin Tuen-Muk Lai Shu Board | Board Member | CFO of China Resources Enterprise; Board Member at several private companies. | Board member since November 2022; extensive experience in corporate finance and treasury management. | |
Eric Melloul Board | Board Member | Senior Advisor to Verlinvest; Board Member at Vita Coco, Hint Inc., Mutti S.p.A.. | Board member since 2016; previously served as Chairman of the Board and is a member of the Remuneration Committee. | |
Eric Xin Wang Board | Board Member | CEO and Chairman of CR Consumer Fund; Board Member at CR CCT, China Structural Reform Fund, and others. | Board member since June 2023; appointed by China Resources, with over 20 years of experience in investment and asset management. | |
Frances Rathke Board | Board Member | Board Member at Planet Fitness, Green Mountain Power, Northern New England Energy, John Hancock Investment Management, Flynn Center, Citizen Cider. | Board member since May 2021; Chairperson of the Audit Committee; previously CFO of Green Mountain Coffee Roasters. | |
Lillis Hård Board | Board Member (Employee Representative) | None | Employee representative on the board since February 2023; process operator at Oatly since 2019. | |
Martin Brok Board | Board Member | Founder/CEO of mb Capital Advisors B.V.; Operating Partner at Advent International; Board Member at Revlon, Tous S.L., Self Esteem Brands. | Board member since May 2023; former Global President and CEO of Sephora and held senior roles at Starbucks, Nike, and Coca-Cola. | |
Toni Petersson Board | Co-Chairman of the Board | None | Former CEO (2012-2023); transitioned to Co-Chairman in June 2023, focusing on strategic initiatives and advising on Oatly's China business. | |
Yawen Wu Board | Board Member | CEO of CR Verlinvest Health Investment; Board Member at Comvita Limited and several private companies. | Board member since January 2021; General Manager of Asset Management at China Resources Enterprise. |
- Given the recent category sluggishness in Europe, most notably in the UK , what specific strategies are you implementing to reignite growth in this key market, and what gives you confidence that these initiatives will be effective?
- With your guidance now expecting constant currency revenue growth to be near or slightly below the low end of your previously provided range of 6% to 10% , what are the main factors contributing to this downward revision, and how do you plan to address these challenges going forward?
- While you have achieved significant improvements in gross margin, increasing by 1,240 basis points year-over-year to 29.8% , how sustainable are these margin improvements, and what key initiatives will drive further margin expansion in the future?
- Despite the progress in adjusted EBITDA, with a loss of $5 million this quarter and all three segments turning profitable , what are the main obstacles preventing you from achieving positive adjusted EBITDA in 2025, and when can investors expect to see sustained profitability?
- You mentioned exiting your U.S. and U.K. manufacturing facilities and evaluating Asian supply chain options , how will these actions impact your cost structure and supply chain efficiency, and what risks do you foresee in executing these transitions?
Recent press releases and 8-K filings for OTLY.
- Revenue & Margin: Q1 2025 revenue hit $197.5M (0.8% decline, 0.7% increase constant currency) with a gross profit of ~$62.3M and a 31.6% gross margin .
- EBITDA & Loss Improvement: Adjusted EBITDA loss narrowed to $3.7M while operating loss stood at approximately $18.6M and net loss compressed to around $12.4‑12.5M from $45.8M in the prior year .
- Margin Expansion & Cost Efficiencies: Gross margin expanded by 450 basis points, COGS per liter was reduced by 15% YoY, and total costs dropped by $10M .
- Operational Metrics: The quarter achieved a 9.2% volume growth offset by an 8.5% decline in price/mix, with a 1.5% headwind from foreign exchange .
- FY Guidance & Strategic Outlook: Full-year guidance remains unchanged with targets of 2‑4% constant currency revenue growth, adjusted EBITDA of $5‑15M, and CAPEX of $30‑35M, alongside efforts to expand in Europe, Greater China, and boost North American performance .
- Financial Position: As of March 31, 2025, total assets were approximately $793M, with equity of roughly $121.9M and liabilities around $671.1M .
- The report presents the consolidated 2024 financial statements prepared in USD and SEK, detailing Oatly Group AB’s performance and strategic direction for the fiscal year.
- Revenue increased by $40.3M to $823.7M, driven by volume growth amid restructuring activities including discontinued production facilities.
- The company has undertaken significant operational restructuring, reducing its employee count by 66 and revising its operating segments, while forecasting capital expenditures of $30M–$35M for 2025.