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  "documentTitle": "Oatly Group AB (OTLY)",
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  "authorName": "Ben Axler",
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  "presentationDate": "2021-07-14 00:00:00",
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      "text": "Warning: We believe Oatly's cost disclosures are insufficient and not what we'd expect from a company with a 20-year operational history. Below we detail where we believe Oatly falls short on quantifying COGS disclosures.",
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      "text": "We believe Oatly's cost disclosures are insufficient and not what we'd expect from a company with a 20-year operational history.",
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      "text": "Gross profit increased by $62.7 million, or 94.1%, to $129.2 million for the year ended December 31, 2020 from $66.6 million. Gross margin decreased by 1.9%, to 30.7% for the year ended December 31, 2020 from 32.6% for the year ended December 31, 2019...",
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      "text": "\"Gross profit increased by $62.7 million, or 94.1%, to $129.2 million for the year ended December 31, 2020 from $66.6 million. Gross margin decreased by 1.9%, to 30.7% for the year ended December 31, 2020 from 32.6% for the year ended December 31, 2019, which is due to a number of factors, including a change in channel mix from foodservice to retail, our greater reliance on co-packer outsourcing production compared to 2019 as well as an increase in logistics costs. The COVID-19 pandemic and changing consumption patterns increased demand for logistics services, resulting in higher freight rates during the second half of 2020 across our segments. We also experienced higher container rates for our shipments from EMEA to Asia during 2020.\" — Prospectus",
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      "text": "Comparison table showing 'What Oatly Doesn't Say' across five categories: Product Mix, FX Impact, Commodity Input Costs, Operational Efficiency, and Shipping Costs.",
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