just reported Q1 2025 results: revenue growth continued, margins improved, and the net loss narrowed further.
Management highlighted their asset-light strategy, closing the Singapore plant and halting a China facility to boost efficiency. They reiterated guidance for full-year profitability and positive adjusted EBITDA, with modest 2-4% revenue growth expected. The ADR reverse split was confirmed, but no impact on fundamentals. Overall, the tone was optimistic-Oatly seems on track for its first profitable year as a public company
Revenue was $197.5M, down 0.8% YoY (but up 0.7% at constant currency). Gross margin jumped to 31.6% (+4.5pp YoY), and net loss shrank to $12.4M from $45.8M last year. Adjusted EBITDA loss improved to $3.7M (vs. $13.2M). Greater China was the standout, up 37.6% in revenue, while North America fell 10.6%. Volume rose 9.2% to 144.6M liters. Management reiterated 2025 guidance: 2-4% constant currency revenue growth, positive adjusted EBITDA ($5-15M), and $30-35M in capex. Still on tra