Celsius Holdings Inc (CELH)

[Altitrade Partners]

The turnaround in Nordic countries appears to be underway:

<<"Func Food Group (”FFG”) is a Nordic wellness company,
which markets and distributes FAST, CocoVi, FitFarm, Celsius
and Freddy brands in Finland and Sweden.">>

<<"Celsius revenues increased by MEUR 0.2 and FAST
revenues by MEUR 0.1 vs. PY. The discontinuation of private
label sales had a MEUR 0.1 impact in revenue vs. PY.">>

<<"In Sweden, Q2 net revenue increased by 5,1% vs. previous
year in local currency SEK (excluding intercompany sales),
and decreased by 0,8% in EUR. Excluding the Freddy
business the quarterly net revenue in SEK was +9,8% and in
EUR +3,6% vs. previous year. Sales increased despite
Celsius faced increasing competition pressure.">>

<<"In Q2 2018 the Group’s total revenue slightly decreased.
However both key brands FAST and Celsius were growing
despite increased competition in pricing and new launches. In
order to account for seasonal imbalances and strategic
decisions to exit private label manufacturing, report also
includes pro forma revenue growth comparisons without
Freddy Store Ab and private label sales. In Q2 2018 pro forma
net revenue was growing slightly.">>

<<"Net revenue of Celsius amounted to MEUR 6.3 in the quarter
(+3,6% vs. PY), and FAST net revenues totaled MEUR 2.3
(+4,3% vs. PY). Other brands as well as private label sales
represented less than 12% of the Group’s revenues. Total net
revenue of the Group was MEUR 9.8 in the quarter (-2,6% vs.
Q2 2017).">>

<<"In Sweden, total net revenues in local currency SEK increased
by 5,1% vs. PY in the quarter. However, the decline in euros
was 0,8%. Excluding the Freddy business the increase in
revenues was 9,8% in SEK and 3,6% in EUR. Revenues and
volume from Celsius increased after low first quarter.">>

http://www.funcfood.com/wp-content/uploads/2018/08/Func-Food-Group-Q2-2018-Release.pdf