SodaStream Revenue Increases 29 Percent For 2013

SodaStream International Ltd. announced its results for the three and twelve month periods ended Dec. 31, 2013. For the fourth quarter ended Dec. 31, 2013, revenue increased 26.4 percent to $168.1 million from $132.9 million in the fourth quarter 2012. Earnings before interest, taxes, depreciation and amortization (EBITDA) decreased 45.2 percent to $5.9 million from $10.7 million, and adjusted EBITDA decreased 31.4 percent to $8.7 million from $12.6 million in the fourth quarter 2012. Net income was $0.7 million compared to $7.5 million in the fourth quarter 2012, and adjusted net income was $3.5 million compared to $9.4 million in the fourth quarter 2012. Diluted earnings per share were $0.03, compared to $0.36 in the fourth quarter 2012 and adjusted diluted earnings per share were $0.16 compared to $0.45 in the fourth quarter 2012.

For the year ended Dec. 31, 2013 revenue increased 29.0 percent to $562.7 million from $436.3 million in 2012. EBITDA increased 13.4 percent to $62.2 million from $54.9 million, and adjusted EBITDA increased 19.9 percent to $73.2 million from $61.1 million in 2012. Net income decreased 4.2 percent to $42.0 million compared to $43.9 million in 2012, and adjusted net income increased 6.0 percent to $53.0 million compared to $50.0 million in 2012. Diluted earnings per share were $1.96, compared to $2.09 in 2012 and adjusted diluted earnings per share were $2.48 compared to $2.39 in 2012. Full report.

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