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Oatly Group ( (OTLY) ) just unveiled an announcement.
Oatly Group AB announced amendments to its Sustainable Revolving Credit Facility and Term Loan B Credit Agreements, effective February 11, 2025, to reset financial covenants and provide asset disposal flexibility. The company also reported financial results for the fourth quarter and full year of 2024, highlighting a 5% increase in revenue and improved gross margins, alongside a strategic closure of its Singapore facility and discontinuation of construction in China. This indicates a significant transformation with expectations for the first full year of profitable growth in 2025.
More about Oatly Group
Oatly Group AB is a leading company in the oat drink industry, known as the world’s original and largest oat drink manufacturer. The company focuses on producing oat-based products and has a significant market presence in regions such as North America, Europe, and Greater China.
YTD Price Performance: -18.89%
Average Trading Volume: 2,794,029
Technical Sentiment Consensus Rating: Buy
Current Market Cap: $327.1M
For detailed information about OTLY stock, go to TipRanks’ Stock Analysis page.
