Oatly Group Q4 Earnings Call Highlights

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MarketBeat

Wed, February 11, 2026 astatine 8:52 AM CST 8 min read

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Financial turnaround: Oatly reported its "first afloat twelvemonth of profitable growth" with full-year adjusted EBITDA of $6.8 cardinal and Q4 adjusted EBITDA of $11 million, driven by borderline enlargement (gross borderline >32%), a 23% simplification successful COGS per liter, and measurement maturation versus 2022.
Refocused maturation playbook and merchandise innovation: Management is narrowing to beverages and younger consumers with a "lead with taste" digital-first strategy, rolling retired flavored Barista lines, a Barista Cold Foam, matcha extensions and fiber-forward products portion reporting rising household penetration and expanded retail stock successful Europe.
2026 outlook and strategical priorities: Guidance calls for 3–5% constant-currency gross maturation and $25–35 cardinal adjusted EBITDA, with escaped currency travel expected to amended but stay negative, and a planned strategical reappraisal of the Greater China concern (including a imaginable carve-out).
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Oatly Group (NASDAQ:OTLY) executives highlighted what they called the company’s “first afloat twelvemonth of profitable growth” during its latest net call, pointing to affirmative adjusted EBITDA for the afloat year, improving gross margins, and aboriginal signs that a refreshed maturation strategy is gaining traction crossed markets.

Chief Executive Officer Jean-Christophe Flatin said Oatly has transitioned from “structurally unprofitable with slowing growth” to “structurally profitable with accelerating growth,” crediting a operation of ratio efforts and targeted reinvestment down a “refreshed maturation playbook.”

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Flatin said that since the turnaround began successful 2022, the institution has grown gross 19%, improved adjusted EBITDA by $275 million, and improved escaped currency travel by $436 million. In 2025, helium said Oatly sold much measurement than ever before, representing an 18% summation versus 2022, portion gross borderline improved to “over 32%,” which helium described arsenic 2,100 ground points higher than 2022.

As portion of its outgo and supply-chain work, Flatin said Oatly reduced outgo of goods sold per liter by 23% and chopped full SG&A by astir $100 million, oregon 21% of revenue. He cited respective restructuring actions, including consolidation of co-packers via a strategical concern successful North America and the closure of the Singapore facility, portion stressing the turnaround “has not conscionable been a cost-cutting exercise.”