Oatly shares sour after wider Q4 loss outweighs upbeat sales

Oatly AB

15/02/2024 13:17

** Shares of Sweden-based Oatly Group  OTLY.O  slump ~17% to
$1.12 premarket after vegan milk maker posts wider Q4 loss
        ** Reports loss of 50 cents/share, for quarter ended
Dec. 31, while analysts expected a loss of 15 cents/share, per
LSEG data 
  
    ** 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


 (Reporting by Deborah Sophia in Bengaluru)
 ((DeborahMary.Sophia@thomsonreuters.com))