Quarterly ResultApr 29, 2026, 07:07 AM
OTLY Q1 Revenue +15.6% to $228.3M; Adj. EBITDA $5.0M (from loss)
AI Summary
Oatly Group AB reported a strong first quarter for 2026, with revenue increasing by 15.6% to $228.3 million. The company achieved a positive Adjusted EBITDA of $5.0 million, a significant improvement from a loss of $3.7 million in the prior year period. Operating loss narrowed by 38.9% to $11.3 million, and net loss for the period decreased to $12.1 million.
Key Highlights
- Revenue increased 15.6% to $228.3 million in Q1 2026 from $197.5 million in Q1 2025.
- Adjusted EBITDA turned positive at $5.0 million in Q1 2026, up from a $(3.7) million loss.
- Operating loss narrowed by 38.9% to $(11.3) million in Q1 2026 from $(18.6) million.
- Net loss for the period decreased to $(12.1) million in Q1 2026 from $(12.5) million.
- Basic loss per ADS improved to $(0.38) in Q1 2026 from $(0.42) in Q1 2025.
- Europe & International revenue grew to $136.8 million from $107.7 million.
- Net cash used in operating activities significantly reduced to $(5.2) million from $(13.6) million.
- Restructuring costs decreased to $(0.3) million in Q1 2026 from $(0.8) million.