Oatly Reports First Quarter 2023 Financial Results
EMEA revenue increased $7.7 million, or 8.5%, to $98.2 million for the first quarter of 2023, compared to $90.5 million in the prior year period.
- EMEA revenue increased $7.7 million, or 8.5%, to $98.2 million for the first quarter of 2023, compared to $90.5 million in the prior year period.
- Approximately 84% of EMEA revenue was from the retail channel for the first quarter of 2023.
- The Asia segment was partially impacted by a COVID-19 break-out early in the quarter, which impacted both demand and our production in China during the first quarter of 2023.
- The items necessary to reconcile are not within Oatly’s control, may vary greatly between periods and could significantly impact future financial results.