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  "documentTitle": "Oatly Group AB (OTLY)",
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  "authorName": "Ben Axler",
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  "sourceTypeLabel": "Short seller",
  "presentationDate": "2021-07-14 00:00:00",
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      "kind": "callout",
      "text": "Warning: Even with almost 60% of the year completed in 2019, Oatly's sales of $204m fell short by $26m, or 11% below plan",
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      "kind": "callout",
      "text": "Warning: Oatly is selling investors on its big revenue growth plans. Yet, there is already evidence that management recently fell short of its boastful plans and has limited visibility to project sales. According to a mid-year 2019 interview, it projected $230m of sales, but actual full year revenues fell short by 11%.",
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      "text": "Revenue: $204m",
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      "kind": "quote",
      "text": "Oatly's sales were about $110 million in 2018, up from $68 million a year earlier, Petersson says. He expects double that, about $230 million, for 2019.",
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      "text": "\"Oatly's sales were about $110 million in 2018, up from $68 million a year earlier, Petersson says. He expects double that, about $230 million, for 2019.\" — Bloomberg, July 31, 2019",
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      "text": "Source: “Oatly's Path to Alt-Milk World Domination Starts in New Jersey”, Bloomberg, July 31, 2019",
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      "text": "Source: Oatly F-1 SEC filing",
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      "text": "We Believe Management Lacks Credibility With Its Sales Forecasts",
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