Benzinga | Nov 17, 2021 04:15PM EST

Oatly Group 6-K Shows Co. Initiated A Recall For Limited Selection Of Products In Swedem

On November 17, 2021, Oatly Group AB (the "Company") announced that it has initiated a recall for a limited selection of products in Sweden.

During a planned maintenance stop at the Company's Landskrona facility in Sweden, a small number of loose metal items were identified in a piece of processing equipment. The Company has had no reports of issues related to this but, as a precaution, has initiated a recall in Sweden for around 500 units of its Vaniljs?s (vanilla sauce) products.

The Company has also notified relevant distributors and retailers and is working closely with local regulators. Safety and product quality are the Company's highest priorities.

As a result of the quality issue, Oatly expects to discard less than one million liters of produced inventory that were contained as part of its quality control procedures. As previously communicated by the Company on November 15, 2021, it does not expect this quality issue and limited product recall will limit its ability to achieve its targeted revenue results for 2021.