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Oatly Reports First Quarter 2026 Financial Results

$OTLYPress releaseApr 29, 2026, 7:00 AM ETRead the release

Oatly reported Q1 revenue of $228.3 million, up 15.6% year-over-year, driven by volume growth and a favorable foreign exchange impact. The company achieved its first positive Adjusted EBITDA of $5.0 million, reversing a prior-year loss, while gross margin expanded 190 basis points to 33.4%.

Key figures

Guidance
2026 Constant currency revenue growth +3% to +5%; Adjusted EBITDA $25 million to $35 million
Revenue Yoy
15.6%
Gross margin
33.4%
Adjusted ebitda
5000000
Gross margin expansion bps
190
Constant currency revenue growth
8.1%

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