Oatly Reiterates Outlook For 2024, With Revenue Growth On Constant Currency Basis Of 5%-10%, Adjusted EBITDA Loss Of $(35)M-$(60)M
Portfolio Pulse from Benzinga Newsdesk
Oatly has reaffirmed its financial outlook for 2024, projecting a revenue growth of 5%-10% on a constant currency basis and an adjusted EBITDA loss of $35M-$60M.
April 30, 2024 | 11:08 am
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Oatly projects a revenue growth of 5%-10% on a constant currency basis and an adjusted EBITDA loss of $35M-$60M for 2024.
Oatly's reaffirmation of its 2024 financial outlook indicates stability in its business projections despite the anticipated EBITDA loss. This transparency may maintain investor confidence in the short term, balancing the impact on its stock price. The projected revenue growth is positive, but the expected EBITDA loss could raise concerns about profitability and operational efficiency.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100