Oatly shares fall after wider Q4 loss outweighs upbeat sales

Oatly AB

15/02/2024 15:24

(Updates)
    ** Shares of Sweden-based Oatly Group  OTLY.O  fall as much
as 10.3% to $1.21 after vegan milk maker posts wider Q4 loss
        ** OTLY reports loss of 50 cents/share, for quarter
ended Dec. 31, while analysts expected a loss of 15 cents/share,
per LSEG data 
  
        ** Stock set for worst day since July 2023, if losses
hold 
  
    ** Co, however, reports Q4 revenue of $204.1 mln, a surprise
increase of 4.6%, compared to analysts' estimate of $191.3 mln
    ** OTLY also sees full-year 2024 revenue growth of 5%-10%,
on a constant currency basis; analysts' estimate a 6.6% rise
    ** Through last close, OTLY shares, which were down ~32% in
2023, have gained ~14% so far this year


 (Reprting by Deborah Sophia and Annett Mary Manoj in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com))