For proper use of this site you need Adobe FLASH player.
Please install it by clicking on the link below.

Get Adobe Flash player

 

 

 

 

SodaStream Reports Record First Quarter Results

Image: 
Date: 
18 May, 2011
Subtitle: 
Revenues Increased 50% to Euro 45.1 Million; Adjusted Net Income Increased 141% to Euro 5.3 Million; Net Income Increased 107% to Euro 4.2 Million; Adjusted Diluted EPS Increased 60% to Euro 0.27; Company Raises 2011 Full Year Outlook
Abstract: 

AIRPORT CITY, Israel – SodaStream International Ltd. (NASDAQ: SODA), a leading manufacturer of home beverage carbonation systems, announced today its results for the three month period ended March 31, 2011.

AIRPORT CITY, Israel – SodaStream International Ltd. (NASDAQ: SODA), a leading manufacturer of home beverage carbonation systems, announced today its results for the three month period ended March 31, 2011.

Our results for the first quarter of 2011, as compared to the first quarter of 2010, were as follows:

  • Revenues increased 50% to Euro 45.1 million
  • Americas revenues increased 153% to Euro 10.2 million
  • Adjusted diluted earnings per share was Euro 0.27 or $0.38*
  • Soda maker unit sales increased 99% to 592,000
  • Consumable sales increased 34% to Euro 22.6 million
  • Americas soda maker unit sales increased 271%
  • Americas consumable sales increased 216%

“We experienced strong growth in each of our geographic regions in the first quarter of 2011, led by the Americas where sales were up 153%,” commented Daniel Birnbaum, Chief Executive Officer of SodaStream. “After a very successful holiday season in the U.S., we continued to see strong demand for our soda makers as well as strong sell-through of our consumables. These trends are positive indicators that our U.S. strategy to build brand awareness and consumer adoption is succeeding. In addition, we continue to extend our reach into new and established markets around the world. Our heightened outlook for the year reflects our optimism as we pursue global growth opportunities through 2011 and beyond.”

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