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      "text": "Warning: Oatly's prospectus claims there is no pronounced seasonality in its business. However, Spruce Point uncovered an academic study in Sweden, at the same university its founder conducted its research, that contradicts this. In fact, the report claims that since launch, Oatly has experienced a seasonable pattern.",
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      "text": "\"Seasonality: To date, we have not experienced any pronounced seasonality, but such fluctuations may have been masked by our rapid growth.\" — Prospectus, p. 31",
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      "text": "Source: \"Developing a Warehouse Layout Design Framework for Fast Growing Companies, A Case Study at Oatly AB\" Felix Geuken and Louise Jager, Lund University, June 2015",
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