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THE ORIGINAL OATLY ! Oatly Reports Second Quarter 2021 Financial Results Record Quarterly Revenue of $ 146 Million , an Increase of 53.3 % Year - Over - Year June and July are the Highest Consecutive Production Months in the Company's History Announces Americas Oat Base Capacity Expansion to Support an Acceleration in Consumer Demand Company Provides Full Fiscal Year 2021 Outlook , Anticipates Revenue to Exceed $ 690 Million MALMÖ , Sweden , August 16 , 2021 - Oatly Group AB ( Nasdaq : OTLY ) ( " Oatly " or the " Company " ) , the world's original and largest oat drink company , today announced financial results for the second quarter and six months ended June 30 , 2021 . Toni Petersson , Oatly's CEO , commented , “ 2021 represents the most transformational year in our Company's history with the completion of our successful IPO in May , which has provided us with the capital to fuel new production capacity globally as we scale our business across three continents to meet the robust consumer demand for our leading oat - based brand . We are incredibly proud of our global team's execution with strong growth in new and existing customers , the opening of two new facilities in Ogden , Utah and Singapore , as well as doubling production capacity at our facility in Vlissingen , Netherlands . " Petersson continued , " Our record second quarter revenues were in - line with our expectations and demonstrate broad - based growth across geographies and sales channels , despite certain COVID - 19 and start - up related manufacturing headwinds we experienced in the quarter . We're continually expanding global production capacity to support our long - term growth and launching key partnerships and distribution agreements with prominent customers globally . We're excited about the addition of our second manufacturing facility in Asia , which remains on - track to open in the second half of 2021 , providing a second new source of local production to the region . Our new and existing production capacity gives us confidence in our ability to achieve an accelerated revenue growth rate in the second half of this year , while also extending our core values and mission for a more sustainable food system . " Successful Initial Public Offering On May 24 , 2021 , the Company completed its initial public offering , in which it sold 64,688,000 American Depositary Shares ( " ADSs " ) , each representing one ordinary share , and the selling shareholders sold an aggregate of 32,344,400 ADSs , including 12,656,400 ADSS sold by the selling shareholders pursuant to the underwriters ' over - allotment option . The ADSs began trading on the Nasdaq Global Select Market on May 20 , 2021. The ADSS were sold at an initial public offering price of $ 17.00 per share for net proceeds to the Company of approximately $ 1,037.3 million , after deducting underwriting discounts and commissions of $ 52.2 million and offering expenses of $ 10.1 million payable by the Company . The Company continues to expect to use the net proceeds from the IPO for working capital , to fund incremental growth , including planned capacity expansion , and other general corporate purposes . On June 30 , 2021 , subsequent to the IPO , there were 599,901,777 fully diluted ordinary shares outstanding .