Middle East conflict adding ‘unpredictability’ to Oatly’s business

Oatly is facing increased uncertainty in forecasting costs for 2026 due to the Middle East conflict, particularly regarding rising fuel prices and increased logistics costs. The company’s first-quarter results showed a decrease in losses, but anticipates lower earnings in the second quarter due to the impact of the conflict and increased brand investment. Oatly is targeting revenue growth of 3-5% and adjusted EBITDA of $25-$35 million for 2026, while acknowledging additional uncertainties caused by the conflict.