AIRPORT CITY, Israel, Oct. 29, 2014 /PRNewswire/ -- SodaStream International Ltd. (NASDAQ: SODA), a leading manufacturer of home beverage carbonation systems, announced today its results for the three and nine month periods ended September 30, 2014.
For the third quarter ended September 30, 2014:
- Revenue was $125.9 million compared to $144.6 million in the third quarter 2013
- EBITDA was $15.7 million compared to $21.9 million in the third quarter 2013
- Net income was $9.5 million compared to $16.4 million in the third quarter 2013
- Diluted earnings per share were $0.45, compared to $0.76 in the third quarter 2013
"As we previously announced, our third quarter performance was pressured by challenging selling conditions for soda makers and flavors primarily in the U.S.," said Daniel Birnbaum, Chief Executive Officer of SodaStream. "Our performance outside the U.S. was mixed during the third quarter with strength in company operated markets such as Germany, Australia, Canada and Switzerland, partially offset by declines in distributor markets, namely France and the Czech Republic. Today, we are introducing a comprehensive growth plan that will serve as our blueprint for returning SodaStream to profitable growth. We are fully committed to getting the company back on track and leverage the unique opportunity we have to fulfill our role in the transformation underway in the beverage industry." Full report.
