With the supply chain reset underway, the manufacturer intends to expand operations in Europe, the Middle East and Asia, without the need for additional supply chain infrastructure, which it said would be supported by its existing facilities in Sweden. The company also said it intends to reduce overhead and headcount in its corporate operations. Oatly made a loss on its earnings before tax for 2022's fourth quarter of $111.2m, compared to a loss of $81.8m in the same period the year before. The increase in losses was partly the result of higher operating expenses related to the sale of assets to Ya Ya Foods, which hadn't completed in the quarter.