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    OTLY   US67421J1088

OATLY GROUP AB

(OTLY)
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Oatly Group AB Announces Recall for Limited Selection of Products in Sweden

11/17/2021 | 04:08pm EST

Oatly Group AB announced that it has initiated a recall for a limited selection of products in Sweden. During a planned maintenance stop at the company?s Landskrona facility in Sweden, a small number of loose metal items were identified in a piece of processing equipment. The company has had no reports of issues related to this but, as a precaution, has initiated a recall in Sweden for around 500 units of its Vaniljs?s (vanilla sauce) products. The company has also notified relevant distributors and retailers and is working closely with local regulators. Safety and product quality are the company?s higher priorities. As a result of the quality issue, Oatly expects to discard less than one million liters of produced inventory that were contained as part of its quality control procedures. As previously communicated by the Company on November 15, 2021, it does not expect this quality issue and limited product recall will limit its ability to achieve its targeted revenue results for 2021.


© 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 -198 M - -
Net cash 2021 477 M - -
P/E ratio 2021 -19,1x
Yield 2021 -
Capitalization 4 054 M 4 054 M -
EV / Sales 2021 5,63x
EV / Sales 2022 4,15x
Nbr of Employees 1 738
Free-Float -
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Mean consensus OUTPERFORM
Number of Analysts 17
Last Close Price 6,88 $
Average target price 14,93 $
Spread / Average Target 117%
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