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Home » SodaStream Reports Record Second Quarter Results

SodaStream Reports Record Second Quarter Results

Image: 
Date: 
11 August, 2011
Subtitle: 
Revenues Increased 38% to Euro 53.3 Million; Adjusted Net Income Increased 161% to Euro 6.1 Million; Net Income Increased 138% to Euro 5.1 Million; Adjusted Diluted EPS Increased 61% to Euro 0.29 or $0.42; Company Reports Record Consumable Sales and Record Consumable Unit Volumes.
Abstract: 

AIRPORT CITY, Israel – August 11, 2011 – SodaStream International Ltd. (NASDAQ: SODA), a leading manufacturer of home beverage carbonation systems, announced today its results for the three and six month periods ended June 30, 2011.

 

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AIRPORT CITY, Israel – August 11, 2011 – SodaStream International Ltd. (NASDAQ: SODA), a leading manufacturer of home beverage carbonation systems, announced today its results for the three and six month periods ended June 30, 2011.

Second Quarter 2011 Highlights (comparisons show second quarter 2011 as compared to second quarter 2010)

  • Revenues increased 38% to Euro 53.3 million
  • Americas revenues increased 136% to Euro 11.3 million
  • Adjusted diluted earnings per share was Euro 0.29 or $0.42*
  • Revenue from soda makers increased 36% to Euro 22.7 million
  • Revenue from consumables increased 54% to a record Euro 29.8 million
  • Flavor units increased 96% to a record 6.1 million
  • CO2 refill units increased 34% to a record 3.2 million
  • Americas soda maker units increased 224%
  • Americas consumables revenue increased 203%

“We are very pleased with our overall performance, particularly the marked improvement in our bottom line, which demonstrates the earnings power of our business model. These record results were fueled by strong consumer adoption, which is reflected in all-time high sales of our CO2 refills and flavor consumables," stated Daniel Birnbaum, Chief Executive Officer of SodaStream.

The company experienced a 54% increase in consumable sales during the second quarter of 2011 and a 31% increase compared to the first quarter this year.  Each geographic region reported strong growth, led by the Americas where consumer activity recently outpaced other global regions.  Mr. Birnbaum continued, " Key indicators of American consumer adoption are very positive, with all measures of unit growth showing significant increases:  soda makers up 224%, CO2 refills up 184% and flavors up 298%.  We also saw triple digit growth in many of our other newer markets.  Going forward, we are well positioned to extend our global footprint into additional households, markets and channels."

TO VIEW THE FULL PRESS RELEASE INCLUDING FINANCIAL TABLES PLEASE CLICK HERE