Today news
About the same in other media
Oatly shares fall 20% after ‘quality issue’ warning and delivery delays
Reading now: 801
Milk alternative maker Oatly has warned that production and distribution problems hit sales by $7m over the summer despite a surge in demand for its products.
Shares in the Swedish oat milk producer plunged by nearly 20% on Monday after it said it expected further lost sales in Europe in the months ahead as it was “investigating a quality issue” which might force it to bin some products.
Oatly said UK sales were $1m lower than hoped in its third quarter to the end of September because of driver shortages which delayed deliveries, while mechanical and technical issues at its US production plant in Utah had a $3m impact on sales, on top of $3m from Covid-related closures of hospitality businesses in Asia.
It is the latest business to reveal
Read more on theguardian.comAbout this in other media
Couple arrested in Netherlands after escaping COVID hotel quarantine euronews.com /2 years ago
Two people killed by falling trees as Storm Arwen batters UK euronews.com /2 years ago
‘People expect cheap food, drink and accommodation – that horse has bolted’: a hotelier on life without EU workers theguardian.com /2 years ago
Show more
The website finance-news.co. is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.
