OTLY - Oatly: Improving Fundamentals Still Not Reflected In The Stock Price

2024-02-17 08:00:00 ET

Summary

• Oatly had a solid 2023, despite a difficult macro environment, with improved margins and stabilized growth.
• The company is cutting overheads and pursuing asset-light production, leading to reduced losses, particularly in Asia.
• While Oatly is still pursuing profitability, it appears to be increasing growth investments in 2024, pushing back the timeline for breakeven.

Oatly ( OTLY ) had a solid 2023 considering the difficult macro environment, with margins improving significantly and growth stabilizing towards the end of the year. The company has cut overheads and is pursuing asset-light production, which is beginning to pay off. In addition, Oatly has pulled back on investments in Asia, reducing losses substantially....

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