Oatly halts plans for second China factory [Yahoo! Finance]
Oatly Group AB - American Depositary Shares (OTLY)
Company Research
Source: Yahoo! Finance
Dean Best Wed, February 12, 2025 at 2:09 PM GMT+1 2 min read In This Article OTLY Dairy-alts group Oatly is to “discontinue” the building of its second factory in China. Alongside the publication of Oatly's 2024 results today (11 February), the business said it had “determined that the production capabilities" at its the existing manufacturing site in Ma'anshan "will be sufficient to support current customers and business growth” even allowing for any possible expansion there. The Sweden-based business said its numbers for the fourth quarter of 2024 included non-cash impairment charges of $25.1m related to the move. In December, Oatly said it would close its Singapore manufacturing facility as part of a strategy to reduce costs and take the oat-drinks business into profitability. Plans for new production facilities in the UK and the US were abandoned in 2023 in connection with Oatly's so-called “asset-light strategy”. Announcing the 2024 financials, Oatly CEO Jean
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News
- Oatly Group (NASDAQ:OTLY) was upgraded by analysts at Zacks Research from a "strong sell" rating to a "hold" rating.MarketBeat
- Oatly Group (NASDAQ:OTLY) had its "sell (e+)" rating reaffirmed by analysts at <a style="font-weight:bold" href="https://weissratings.com/">Weiss Ratings</a>.MarketBeat
- Oatly Group (NASDAQ:OTLY) was given a new $18.00 price target on by analysts at Mizuho.MarketBeat
- Is Oatly Group AB (NASDAQ:OTLY) Trading At A 50% Discount? [Yahoo! Finance]Yahoo! Finance
- Oatly Group (NASDAQ:OTLY) was given a new $14.00 price target on by analysts at DA Davidson.MarketBeat
OTLY
Earnings
- 10/29/25 - Miss
OTLY
Sec Filings
- 10/29/25 - Form 6-K
- 10/29/25 - Form 6-K
- 10/21/25 - Form 6-K
- OTLY's page on the SEC website