Celsius shares rise after reaching distribution agreement in Europe

Celsius Holdings

17/03/2025 18:05

** Shares of Celsius Holdings CELH.O rise ~11% to $30 on Mon after energy drink maker signs agreement to expand sales and distribution to Belgium and Luxembourg

** CELH is on track for the biggest daily pct change since Feb. 21, when Co announced it would buy health and wellness drinks brand Alani Nutrition in a $1.8 billion deal

** Co said it has partnered with Suntory Beverage & Food Benelux to expand distribution of Celsius energy drinks in Belgium and Luxembourg, according to a statement on Mon

** The expansion follows successful launches in Australia, France, Ireland, New Zealand, and the United Kingdom

** Among 21 analysts covering CELH, their median PT is $40 and avg rating is "buy"

** With today's move, CELH is up ~14% vs a ~14% drop in the S&P 500 consumer discretionary index .SPLRCD

 (Reporting by Chibuike Oguh in New York)

 ((Chibuike.Oguh@thomsonreuters.com; +332-219-1834; Reuters Messaging: chibuike.oguh.thomsonreuters.com@reuters.net))