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    OTLY   US67421J1088

OATLY GROUP AB

(OTLY)
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Oatly Group AB Announces Plans to Open a New Research and Innovation Center at Lund University in Sweden

10/20/2021 | 04:05pm EST

Oatly Group AB announced plans to open a new research and innovation center at Lund University in Sweden to further explore the potential of oats. The new innovation center will further Oatly?s leadership around oats and enable the Company to accelerate its mission to drive a societal shift towards a plant-based food system for the benefit of people and the planet. The Company expects to add approximately 30 new scientists to its global team based in Lund over the next year, with the potential to add nearly 100 researchers across its research hubs in Europe, the Americas and Asia. Oatly?s research and innovation team will further its oat expertise making use of the unique competence and technology gathered in the academic environment at Lund University. The scientists will study oats in greater detail from various perspectives including biochemistry, biophysics, microstructure, nutritional traits and refinement. The innovation team plans to use the knowledge to enhance Oatly?s existing robust oat-based drinks and food products as well as develop new innovation to meet the needs of consumers. Construction has commenced on Oatly?s Science and Innovation Center in Science Village by Wihlborgs and is expected to be finished in 2023.


ę S&P Capital IQ 2021
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Analyst Recommendations on OATLY GROUP AB
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Financials (USD)
Sales 2021 635 M - -
Net income 2021 -197 M - -
Net cash 2021 489 M - -
P/E ratio 2021 -26,8x
Yield 2021 -
Capitalization 5 722 M 5 722 M -
EV / Sales 2021 8,24x
EV / Sales 2022 5,65x
Nbr of Employees 1 738
Free-Float 10,9%
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Mean consensus OUTPERFORM
Number of Analysts 16
Last Close Price 9,67 $
Average target price 15,96 $
Spread / Average Target 65,1%
EPS Revisions
Managers and Directors
Roy Toni Petersson Chief Executive Officer & Director
Christian Hanke Chief Financial Officer
Ann Kim Chung Independent Director
Bernard Louis Hours Independent Director
Hannah Jones Independent Director