News — Sweden — Oatly

Oatly narrows losses in the first quarter and names new CEO

The Swedish oat drink maker turned a profit in the EMEA region, saw losses narrow in the Americas and made progress on longstanding production and supply chain challenges

9 May 2023

2 min read

Oatly has announced Jean-Christophe Flatin (left) will take over the role of CEO from Toni Petersson (right) from 1 June 2023 | Photo credit: Oatly

The Swedish oat drink maker turned a profit in the EMEA region, saw losses narrow in the Americas and made progress on longstanding production and supply chain challenges

Oatly has said it is on track to turn a profit in 2024 after posting robust first quarter revenue growth around the world and lower overall losses.