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Evening Standard
Evening Standard
Business
Mark Banham

Millennial favourite Oatly stirs up revenue boost

Oatly makes a range of products including ice cream

(Picture: Oatly)

Choice of the millennial tea and coffee drinker Oatly has stirred up a boost in revenues in the second quarter of the year as consumers seek vegan alternatives to milk and dairy.

However, the group that manufactures a range of products including oat-based ice cream and yoghurts said it would now expect a full-year revenue of $800 million to $830 million, missing the analyst benchmark of $886 million, but had delivered the growth despite several headwinds “including COVID-19 lockdowns in China”.

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