In the face of various fluctuations in the environment, oat drink giant oatly has made a cautious judgment recently.
The financial report shows that the company, of which the exchange rate led to a negative impact of US $16.8 million., Among them, the exchange rate led to a negative impact of US $11.7 million.
“The results of the second quarter show that we still have significant growth opportunities in the future, and will continue to pursue to become the world’s first plant-based enterprise.” Petersson said at the performance meeting held tonight.
Xiaoshidai noticed that while announcing its performance, oatly also updated its 2022 performance guidelines. Petersson said that the latest guidance is based on the “challenging business environment” under the epidemic, inflation and supply chain pressure. Let’s have a look.
First, let’s pay attention to China’s market. In the first half of this year, Asia was the fastest growing market for oatly. The financial report showed that its revenue in Asia in the first half of the year increased by 41.5% year-on-year to $72.4 million (about 490 million yuan), of which the exchange rate led to a negative impact of $600000. At a fixed exchange rate, Asian revenue increased 42.6% year-on-year to $72.9 million (about 493 million yuan). In the second quarter, the revenue of oatly Asia increased by 66.3% year-on-year to US $43.7 million (about 296 million yuan), of which the exchange rate led to a negative impact of US $1million. At a fixed exchange rate, its Asian revenue increased by 70.1% year-on-year to US $44.7 million (about 302 million yuan).
In that quarter, the proportion of Asian market in oatly’s revenue has risen to 25%,
In Asia, the income structure of oatly has also changed.
oatly reported that in the second quarter, revenue growth in Asia was affected by the different levels of closures imposed by the emergence of new coronavirus variant strains in China in the first quarter, and the closures continued for most of the second quarter. In that quarter, about 58% of Asia’s revenue came from catering service channels, and e-commerce channels also made an important contribution. After reading the conference materials, xiaoshidai found that by the second quarter of this year, “other channels”（
“The company’s e-commerce sales in China have experienced strong growth.” Oatly reported. According to the data recently disclosed by the company, in 618 this year, on the platforms of tmall, Maochao and jd.com, oatly was the first brand of vegetable protein drinks.
Among them, in tmall, oatly ranked second in the beverage category, up 2 places from the same period last year. In addition, the sales of oatly ice cream exceeded 400000 pieces, and the brand also entered the top 10 of tmall ice cream category for the first time.
Conference materials also showed that its newly launched “tea master Oatmeal Milk” specially created for high-quality tea was mainly introduced to analysts. Oatly described it as a “summer drink” in the tea channel, entering the channels of 13000 tea stores, including shuyishaoxiancao, yihetang, arteasg and Yiyi
Today, oatly drinks giant oatly said it would be more cautious