Oatly Group AB Provides Earnings Guidance for the Year 2021
November 15, 2021 at 07:18 am EST
Oatly Group AB provided earnings guidance for the year 2021. Revenue to exceed $635 million, an increase of greater than 51% compared to fiscal year 2020 with strong growth across regions. This revenue outlook assumes nominal contribution from the Company?s Maanshan, China facility that is on-track to open this month as previously communicated. Assuming no significant changes from foreign exchange rates, the Company expects the fourth quarter exchange rates to be a single-digit tailwind on a percentage basis compared to the prior year period.