Oatly Group AB (NASDAQ:OTLY) Q3 2024 Earnings Conference Call November 7, 2024 8:30 AM ET

Company Participants

Brian Kearney - VP, IR
Jean-Christophe Flatin - CEO
Daniel Ordonez - COO
Marie-Jose David - CFO

Conference Call Participants

Alex Hilsenrath - BNP Paribas

Operator

Good day and welcome to the Oatly Third Quarter 2024 Earnings Conference Call. All participants will be in listen-only mode. [Operator Instructions] After today’s presentation, there will be an opportunity to ask questions. [Operator Instructions] Please note, this event is being recorded.

I would now like to turn the conference over to Brian Kearney from Investor Relations. Please go ahead.

Brian Kearney

Good morning and thanks for joining us today. On today's call are our Chief Executive Officer, Jean-Christophe Flatin; our Chief Operating Officer, Daniel Ordonez; and our Chief Financial Officer, Marie-Jose David.

Before we begin, please review the disclaimer on Slide 3. During this call, management may make forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995, including statements regarding our future results of operations and financial position, industry and business trends, business strategy, market growth and anticipated cost savings.

These statements are based on management's current expectations and beliefs and involve risks and uncertainties that could differ materially from actual events or those described in these forward-looking statements.

Please refer to the documents we have filed with SEC for a detailed discussion of the risks that could cause actual results to differ materially from those expressed or implied in any forward-looking statements made today.

Also, please note on today's call, management will refer to certain non-IFRS financial measures, including EBITDA, adjusted EBITDA, constant currency revenue and free cash flow.

While the company believes these non-IFRS measures will provide useful information, the presentation of this information is not intended to be considered in isolation or as a substitute for the financial information presented in accordance with IFRS.

Please refer to today's release for reconciliation of the non-IFRS financial measures to the most comparable measures prepared in accordance with IFRS. In addition, Oatly has posted a supplemental presentation on its website for reference.

With that, I'd now like to turn the call over to Jean-Christophe.

Jean-Christophe Flatin

Thank you, Brian and good morning, everyone. Slide 5 has the key messages I want you to take away from today's presentation. First, our third quarter results demonstrate continued solid progress toward reaching structural and consistent profitable growth.