Oatly Group AB (NASDAQ: OTLY)

Oatly Group AB is a global producer of oat based food and beverage products. The company was founded in the early 1990s by scientists at Lund University who developed a patented enzymatic process to turn oats into liquid food. It launched the first oat milk product under the Oatly brand in 2001 and has since expanded its portfolio to include drinks creams yogurt style products and frozen desserts. Oatly Group AB focuses on creating alternatives to dairy that aim to be tasty nutritious and better for the planet. The firm operates within the plant based dairy segment of the broader food and beverage industry. Its headquarters are located in Malmö Sweden and it maintains offices in Europe North America and Asia. Over more than three decades the company has built expertise in oat sourcing processing and product formulation. This background supports its mission to deliver sustainable nutritious and delicious options to consumers worldwide.

We generate revenue primarily through the sale of our oat based drinks and related food items. Our product portfolio includes oat milk barista edition oat milk flavored oat drinks ready to drink beverages matcha oat drinks cooking creams oatgurt and frozen desserts. These goods are sold to customers through three main channels: retail stores food service outlets and e commerce platforms. In the fiscal year 2025 retail accounted for approximately sixty five point one percent of our total revenue food service contributed about thirty two point eight percent and the remaining two point one percent came from other channels. Revenue is driven by the volume of units sold the price mix of our products and the geographic mix of our sales. We also benefit from brand loyalty and repeat purchases as consumers incorporate our offerings into their daily routines.

Oatly Group AB holds a leading position as the world’s original and largest oat milk producer. The company competes against large consumer packaged goods firms such as Danone PepsiCo Coca Cola and against traditional dairy companies like Lactalis Fonterra Arla Foods Chobani Dean Foods and Lactaid. It also faces competition from other plant based dairy brands including Blue Diamond Growers Califia Farms Planet Oat Ripple Foods Oatside and Ecotone. Our competitive strengths stem from a purpose driven mission to build a sustainable food system a broad and innovative product portfolio strong brand recognition and deep expertise in oat based technology. In 2025 the Exponential Roadmap Initiative recognized Oatly as a Climate Solutions company in the food and beverage sector highlighting that the majority of our revenue comes from products with at least fifty percent lower climate impact than conventional milk. Additionally we benefit from a global patent portfolio that protects our core oat base technology and many product formulations. Our distribution model combines company owned facilities with co manufacturing and hybrid arrangements which provides flexibility and helps control costs. These factors enable us to maintain market leadership despite higher price points and limited promotional activity compared with some rivals.

We serve a diverse mix of customers that includes coffee shops cafes restaurants and other food service establishments. Retail customers consist of grocery stores supermarkets convenience stores and online shoppers who purchase our products through e commerce sites. In addition we supply institutional buyers such as schools and workplaces that seek plant based options for their menus. In the fiscal year 2025 retail accounted for approximately sixty five point one percent of our revenue food service contributed about thirty two point eight percent and other channels made up the remaining two point one percent. Our products are available in more than sixty countries across five continents reaching individual consumers businesses and institutional buyers. This broad reach allows us to meet varying tastes and preferences while supporting the transition from dairy to oat based alternatives.