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Oatly incurs heavy loss over decision to halt production expansion

Abandoning production facility expansion plans in Europe and North America led to a significant fourth quarter loss, although strong EMEA sales bolstered full-year revenues

Oatly’s total 2023 sales increased 8.5% year-on-year to $783m | Photo credit: Oatly

Abandoning production facility expansion plans in Europe and North America led to a significant fourth quarter loss, although strong EMEA sales bolstered full-year revenues

Oatly has indicated it will press ahead with plans to streamline its global production and supply chains after posting a $405m loss last year.

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