SodaStream Reports First Quarter Results

AIRPORT CITY, Israel, May 14, 2014 /PRNewswire/ -- 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, 2014.

  • Revenue was $118.2 million compared to $117.6 million in the first quarter 2013
  • EBITDA was $6.3 million compared to $16.4 million in the first quarter 2013
  • Net income was $1.8 million compared to $12.1 million in the first quarter 2013.
  • Diluted earnings per share were $0.08, compared to $0.57 in the first quarter 2013.

"Our first quarter results were generally in-line with our expectations and reflect strong growth outside the U.S. offset by the negative impact on soda maker sell-in in the U.S. from the challenging holiday season," said Daniel Birnbaum, Chief Executive Officer of SodaStream. "Our global base of SodaStream users inclusive of the U.S. remains very active evidenced by strong consumable sales growth, giving us added conviction in the attractiveness of our home carbonation system. We are in the process of adjusting our marketing and selling strategies in order to reaccelerate soda maker demand and further increase household penetration. We are confident that our long history leading the evolution of home carbonation continues to provide us with strong competitive advantages and compelling growth opportunities across the globe." Full report.

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