Oatly: FY 2021 revenues up 52%, Ukraine conflict generating "additional uncertainty"
Oatly - which was showcasing its new frozen novelties at the show - is also facing higher costs thanks to surging oat prices, and still dealing with capacity constraints as it ramps up production at its new manufacturing site in Ogden, Utah, with demand continuing to outstrip supply.
Full year 2021 revenues were up 52.6% to $643.2m, with net losses topping $215m, said the Malmö-based firm, which said the conflict in Ukraine "brings additional uncertainty with energy prices increasing and the broader implications of Ukraine being a large exporter of grains, as well as vegetable oils."