Oatly Group AB (OTLY) Earnings Call Transcripts

Oatly Group AB's Latest Earnings Call - May 20, 2026

In the Q1 2026 earnings call, Oatly Group AB reported a revenue of $862 million, reflecting a 15.6% year-over-year growth, while adjusted EBITDA improved to $5 million. The company emphasized its ongoing transformation, which has led to stronger margins and a focus on sustainable growth. Management maintained a positive outlook, indicating confidence in achieving structurally positive free cash flow in the near future, though cash flow for the quarter was negative at $11.7 million.

Reported metrics

Guidance from management

Management remains confident in achieving structurally positive free cash flow in the near future, emphasizing the importance of improving both the P&L and working capital.

What management said

Board of Directors. I really want to welcome you to the 2026 Annual General Meeting of Oatly Group AB, and I hereby declare the general meeting open. Before we move on, I would like to introduce the people with me on the podium. With me, I've got to my left, Jean-Christophe Flatin, the CEO of Oatly.

What analysts pressed on

Analysts expressed concerns regarding the negative cash flow reported for the quarter and the need for Oatly to demonstrate consistent profitability moving forward. There were questions about how the company plans to manage working capital effectively to achieve positive cash flow.

Main topics on the call

• Revenue Growth — Oatly reported a revenue of $862 million for the fiscal year 2025, a 15.6% increase year-over-year. CEO Jean-Christophe Flatin stated, "Our revenue grew by 15.6% or 8.1% when we look at it in constant currency."
• Improved Profitability — The company achieved an adjusted EBITDA of $5 million, representing 2.2% of net sales, which is an improvement of $8.7 million from the previous year. Flatin noted, "This combined improved performance, both on top line a...
• Cash Flow Challenges — Oatly reported a negative cash flow of $11.7 million for the quarter, although this was an $8.8 million improvement compared to the same quarter last year. Flatin emphasized the importance of achieving structurally posit...
• Margin Expansion — Gross margin improved to 33.4%, an increase of 188 basis points year-over-year. This improvement is part of Oatly's strategy to enhance profitability as they convert consumers to oat-based products.

Read the full Oatly Group AB transcript (May 20, 2026) → Summary generated from the call transcript; every figure above is stated by management on the record.

Earnings Call History

EarningsCalls.dev has 22 Oatly Group AB earnings call transcripts on record, spanning August 16, 2021 to July 22, 2026. Based on this history, Oatly Group AB reports quarterly. The most recent call on file is dated July 22, 2026. The full list is below — each row opens the complete, free-to-read transcript.

Ticker

OTLY

Exchange

NasdaqGS

Country

US

Sector

Consumer Staples

Industry

Food Products

Calls on record

22

First call

August 16, 2021

Most recent

July 22, 2026

Reporting cadence

quarterly