The Malmö-based company reported a net loss of $19.1 million, or 3 cents per share, representing a sharp recovery from the $91.2 million loss recorded during the same period last year. Revenue reached $233.8 million, comfortably exceeding the $216.1 million forecast by FactSet analysts. This growth was driven by consistent demand across Europe and international segments, even as the company navigated a challenging environment in the United States.

According to the earnings report, North American revenue was hampered by a reduction in orders from a major foodservice customer. Despite this regional setback, total sold volumes rose 2.9% to 157.6 million liters, while finished-good volumes jumped 11% to 161.5 million liters. The company attributed the overall performance to improved operational efficiency and a more resilient global supply chain.

Growth Outlook and Fiscal Guidance

Looking toward the full fiscal year, Oatly management issued a confident outlook, projecting adjusted EBITDA between $25 million and $35 million. This guidance slightly exceeds the $26.3 million consensus among analysts. The company expects revenue to grow between 3% and 5% on a constant currency basis as it continues to scale its production and distribution networks.

To support these growth targets, the company outlined several financial priorities for the upcoming year:

• Capital expenditures are projected to range between $20 million and $30 million.
• Focus on maintaining consistent sales momentum in the European core market.
• Strategic adjustments to the North American portfolio to recover lost foodservice volume.

Investors reacted positively to the narrowing losses and the upbeat guidance. Shares of the company climbed 2.8% to $11.50 in premarket trading following the announcement, reflecting renewed market confidence in the oat-milk pioneer’s turnaround strategy.