Earnings Call Summary | Oatly Group AB(OTLY.US) Q1 2024 Earnings Conference
Earnings Call Summary | Oatly Group AB(OTLY.US) Q1 2024 Earnings Conference
The following is a summary of the Oatly Group AB (OTLY) Q1 2024 Earnings Call Transcript:
以下是Oatly Group AB（OTLY）2024年第一季度财报电话会议记录摘要：
Financial Performance:
财务业绩：
Oatly Group reported a solid Q1 financial performance, with gross margins expanding nearly 1000 basis points YoY, owing to operational improvements.
Volume growth accelerated to 3% in Q1, while gross margin increased to 27%; significant improvement from the 11% in the full year of 2022.
They reported 1.2% constant currency revenue growth for Q1, indicating steady financial growth.
However, the adjusted EBITDA was reported at a loss of $13 million, and cash balance decreased by $14 million in the quarter.
The company expects 2024 constant currency revenue growth of 5% to 10% and projects adjusted EBITDA to be a loss between $35 million and $16 million.
Oatly集团报告了稳健的第一季度财务业绩，由于运营改善，毛利率同比增长了近1000个基点。
第一季度销量增长加速至3％，毛利率增至27％；与2022年全年11％相比显著改善。
他们报告称，第一季度恒定货币收入增长了1.2％，表明财务稳步增长。
但是，调整后的息税折旧摊销前利润报告亏损1300万美元，本季度现金余额减少了1400万美元。
该公司预计，2024年固定货币收入将增长5％至10％，预计调整后的息税折旧摊销前利润将亏损3500万至1600万美元。
Business Progress:
业务进展：
The company's strategic pillars for 2024 highlight expansion, resource calibration, and a strong focus on execution.
New strategic partnerships are driving better growth opportunities, and the company has made significant progress with its resource calibration efforts, including a reduction in SG&A fixed cost by $85 million.
The company expanded its partnership with China's largest coffee chain and launched products targeting specific economic factors in the Greater China region.
Oatly reported the international growth, particularly in Europe and North America, where they saw retail growth accelerating revenue to 5%.
In China, they are making progress with the second phase of their plan to maximize growth within a defined perimeter after completing the first phase of reset.
Their U.S. business reported close to 50% growth in total distribution points (TDPs), indicating progress in market penetration.
The CapEx guidance remains below $75 million for 2024 due in large part to a project in Southern Ireland.
该公司2024年的战略支柱重点是扩张、资源调整和对执行的高度关注。
新的战略合作伙伴关系正在推动更好的增长机会，该公司在资源调整方面取得了重大进展，包括将销售和收购固定成本减少了8500万美元。
该公司扩大了与中国最大的咖啡连锁店的合作伙伴关系，并推出了针对大中华地区特定经济因素的产品。
Oatly报告了国际增长，特别是在欧洲和北美，他们看到零售增长使收入加速至5％。
在中国，他们的计划第二阶段正在取得进展，即在完成第一阶段的重置后，在规定的范围内实现最大增长。
他们的美国业务报告称，总分销点（TDP）增长了近50％，这表明市场渗透率有所提高。
2024年的资本支出预期仍低于7500万美元，这在很大程度上要归因于南爱尔兰的一个项目。
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