Q4 2023 Earnings Summary
Reported on Jan 7, 2025 (Before Market Open)
Pre-Earnings Price$27.00Last close (Feb 14, 2024)
Post-Earnings Price$22.60Open (Feb 15, 2024)
Price Change
$-4.40(-16.30%)
- Oatly achieved a 4.6% year-over-year revenue growth in Q4 2023, outperforming expectations due to strong performance in the EMEA and Americas segments.
- Gross margin improved by 750 basis points versus the prior year quarter to 23.4%, indicating significant operational improvements and cost efficiencies.
- The company ended the quarter with $454 million in total liquidity, comprising $249 million in cash and equivalents and $205 million of undrawn bank facilities, demonstrating a strong financial position.
- Oatly has reduced its adjusted EBITDA guidance for 2024, indicating challenges in achieving its profitability targets.
- The company has repeatedly postponed the timing of reaching EBITDA positive, raising concerns about the reliability of its forecasts.
- Oatly incurred an impairment charge in Q4 due to discontinuing the construction of factories in the US and EMEA, suggesting operational setbacks that could impact future growth.
Research analysts covering Oatly Group.