OTLY OATLY GROUP AB

Oatly Continues Expansion Into Food Service; Coffee Fellows to Bring Oatly Barista to All Locations Across Europe

Oatly Continues Expansion Into Food Service; Coffee Fellows to Bring Oatly Barista to All Locations Across Europe

MALMÖ, Sweden, Oct. 30, 2023 (GLOBE NEWSWIRE) -- Oatly Group AB (Nasdaq: OTLY)(“Oatly” or the “Company”), the world’s original and largest oat drink company, today announced that one of Germany’s largest coffee chains, Coffee Fellows, will make Oatly Barista available in 275 of its locations across Germany, Austria, Belgium, Luxembourg and the Netherlands. Coffee Fellows’ customers can now enjoy all its coffee specialties dairy-free at no extra charge.

“Our guests can help make a meaningful contribution to reducing their impact on the climate by choosing oat drink over cow’s milk. We process around 1.3 million liters of cow's milk into coffee specialties every year. Through our cooperation with Oatly, we would like to change that and are aiming to double our sales of oat drink by the end of 2024,” says Sybille Stauch, Director of Marketing & Sustainability at Coffee Fellows.

Oatly Barista Edition is the most popular plant-based milk alternative in Germany1. It delivers a delicious, allergen-friendly milk alternative that has the same creamy taste, frothy feel, and functionality as traditional dairy, and in general, is better for the climate compared to cow’s milk2.

“We’re excited to be working with one of Germany’s largest coffee shop chains to offer Oatly Barista to their customers across Europe,” says Isabel Groß, Oatly’s Head of Out of Home & New Business for DACH & Poland. “Coffee Fellows shares our love for coffee culture and our commitment to sustainability and will help support our efforts to make consumers’ switch to a more sustainable, plant-focused diet as easy as possible by offering it at no extra charge.”

1 Source: NielsenIQ; Avg. Selling Stores, Num. ROS; MAT & L12 & last months; w/e 35 2023 DE

2 Poore, J., & Nemecek, T. (2018). Reducing food’s environmental impacts through producers and consumers. Science, 360(6392), 987-992.

About Oatly

We are the world’s original and largest oat drink company. For over 25 years, we have exclusively focused on developing expertise around oats: a global power crop with inherent properties suited for sustainability and human health. Our commitment to oats has resulted in core technical advancements that enabled us to unlock the breadth of the dairy portfolio, including alternatives to milks, ice cream, yogurt, cooking creams, spreads and on-the-go drinks. Headquartered in Malmö, Sweden, the Oatly brand is available in more than 20 countries globally.

Forward Looking Statements

This press release contains forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. Any express or implied statements contained in this press release that are not statements of historical fact may be deemed to be forward-looking statements, including, without limitation, the distribution expansion with Coffee Fellows, as well as statements that include the words “expect,” “intend,” “plan,” “believe,” “project,” “forecast,” “estimate,” “may,” “should,” “anticipate,” “will,” “aim,” “potential,” “continue,” “is/are likely to” and similar statements of a future or forward-looking nature. Forward-looking statements are neither promises nor guarantees, but involve known and unknown risks and uncertainties that could cause actual results to differ materially from those projected, including, without limitation: general economic conditions including high inflationary cost pressures; our history of losses and inability to achieve or sustain profitability; the impact of the COVID-19 pandemic, including the spread of variants of the virus, on our business and the international economy; any failure to obtain necessary capital when needed on acceptable terms; a cybersecurity incident or other technology disruptions; changing consumer preferences and our ability to adapt to new or changing preferences; and the other important factors discussed under the caption “Risk Factors” in Oatly’s Annual Report on Form 20-F for the year ended December 31, 2022 filed with the SEC on April 19, 2023 and other filings with the SEC as such factors may be updated from time to time. Any forward-looking statements contained in this press release speak only as of the date hereof and accordingly undue reliance should not be placed on such statements. Oatly disclaims any obligation or undertaking to update or revise any forward-looking statements contained in this press release, whether as a result of new information, future events or otherwise, other than to the extent required by applicable law.



Contact
Oatly Group AB
 
 
 
EN
30/10/2023

Underlying

To request access to management, click here to engage with our
partner Phoenix-IR's CorporateAccessNetwork.com

Reports on OATLY GROUP AB

 PRESS RELEASE

Oatly Group AB Announces Results of 2025 Annual General Meeting

Oatly Group AB Announces Results of 2025 Annual General Meeting MALMÖ, Sweden, May 20, 2025 (GLOBE NEWSWIRE) -- Oatly Group AB (Nasdaq: OTLY) (“Oatly” or the “Company”), the world’s original and largest oat drink company, today announced the results of its Annual General Meeting of shareholders (the “AGM”) held on May 20, 2025. The AGM adopted, inter alia, the following resolutions: Adoption of the income statement and balance sheet, disposition regarding the Company’s results and discharge from liability The AGM adopted the Company’s profit and loss account and the balance sheet as we...

 PRESS RELEASE

Oatly Reports First Quarter 2025 Financial Results

Oatly Reports First Quarter 2025 Financial Results MALMÖ, Sweden, April 30, 2025 (GLOBE NEWSWIRE) -- Oatly Group AB (Nasdaq: OTLY) (“Oatly”, the “Company” or the “Group”), the world’s original and largest oat drink company, today announced financial results for the first quarter ended March 31, 2025. Jean-Christophe Flatin, Oatly’s CEO, commented, “In the first quarter, we made progress on our 2025 priorities. We delivered the expected benefits of our cost efficiency programs, as we drove efficiencies in both the supply chain and our overhead structure. As planned, we redeployed a portio...

 PRESS RELEASE

Oatly to Report First Quarter 2025 Financial Results on April 30, 2025

Oatly to Report First Quarter 2025 Financial Results on April 30, 2025 MALMÖ, Sweden, April 02, 2025 (GLOBE NEWSWIRE) -- Oatly Group AB (Nasdaq: OTLY), the world’s original and largest oat drink company, will report financial results for the first quarter ended March 31, 2025, on Wednesday April 30, 2025 before the U.S. market opens. Oatly will host a conference call and webcast at 7:30 a.m. ET on the same day to discuss the results. The conference call and simultaneous live webcast can be accessed on Oatly’s Investors website at under “Events.” The webcast will be archived for 30 days....

 PRESS RELEASE

Oatly Reports Fourth Quarter and Full Year 2024 Financial Results

Oatly Reports Fourth Quarter and Full Year 2024 Financial Results MALMÖ, Sweden, Feb. 12, 2025 (GLOBE NEWSWIRE) -- Oatly Group AB (Nasdaq: OTLY) (“Oatly” or the “Company”), the world’s original and largest oat drink company, today announced financial results for the fourth quarter and twelve months ended December 31, 2024. Jean-Christophe Flatin, Oatly’s CEO, commented, “Over the past two years, we have executed a significant transformation of our company. We have overhauled our supply chain, our overhead structure, and our mindset. We now have a much healthier business with clear strate...

 PRESS RELEASE

Oatly Announces Plan to Implement ADR Ratio Change

Oatly Announces Plan to Implement ADR Ratio Change MALMÖ, Sweden, Jan. 31, 2025 (GLOBE NEWSWIRE) -- Oatly Group AB (Nasdaq: OTLY) (“Oatly” or the “Company”), the world’s original and largest oat drink company, today announced that it plans to change the ratio of its American Depositary Receipts (“ADRs”) to ordinary shares from one ADR representing one ordinary share to one ADR representing twenty ordinary shares. This ratio change will have the same effect as a one-for-twenty reverse ADR split for Oatly’s ADR holders. There will be no change to Oatly’s underlying ordinary shares, and no ...

ResearchPool Subscriptions

Get the most out of your insights

Get in touch