Oatly makes half a billion in loss

Oatlyfabriken i Landskrona. Arkivbild.
Oatly factory in Landskrona.

In his second quarterly report, Oatly, the oat drink manufacturer, reports a loss of USD 62 million before interest, taxes and depreciation, equivalent to SEK 637 million.

The company's CEO Toni Petersson is satisfied with a sales growth of 22 percent, but also mentions several headwinds – not least the continued Covid-related shutdowns in China.

"The global consumer demand remains as strong as before …