Oatly Group AB Q1 2026 Financial Results

Oatly Group AB reported its financial results for the first quarter ended March 31, 2026. Total revenue increased by 15.6% to $228.3 million, with a constant currency revenue increase of 8.1%. The company experienced a gross margin of 33.4%, a 1.9 percentage point increase year-over-year. The net loss attributable to shareholders was $12.0 million, an improvement from the $12.4 million loss in the prior year period. Adjusted EBITDA showed significant improvement, reaching $5.0 million compared to a loss of $3.7 million in the previous year. The company reiterated its 2026 outlook, expecting constant currency revenue growth between 3% and 5%, Adjusted EBITDA of $25 million to $35 million, and capital expenditures of $20 million to $30 million. Revenue in Europe & International grew by 27.1%, while North America saw a 3.8% increase. Greater China revenue slightly decreased by 2.1%. The company is continuing its strategic review of its Greater China business.