OATLY oat milk is very good.

OATLY oat milk was developed by OATLY founder Rickard Ste in the 1990s as the world's first oat milk as a milk substitute to help humans solve the problem of lactose intolerance.

Oatly was founded in Sweden in 1994 and focuses on milk products made of oats. Its main products include oat milk, as well as ice cream and yogurt made of oats.

In terms of financial data, in 2019 and 2020, Oatly's revenue was US$204 million and US$421 million respectively, a year-on-year increase of 72.9% and 106.5% respectively. Although revenue in 2020 has doubled compared with last year, Oatly's cost of sales has also doubled. As of the end of 2020, cost of goods sold increased from US$137 million in 2019 to US$292 million, an increase of 112.5%.

Oatly's gross profit in 2020 was US$129 million, a year-on-year increase of 94.1%; the gross profit margin was 30.7%, a decrease from 32.6% in 2019. Regarding the decline in gross profit margin, Oatly explained in the prospectus: due to changes in consumption patterns caused by the new crown epidemic, the demand for logistics services has increased, resulting in an increase in freight costs. In addition, container charges for shipping cargo from Europe, the Middle East and Africa to Asia have also increased.