AIRPORT CITY, Israel, Feb. 25, 2015 /PRNewswire/ -- SodaStream International Ltd. (NASDAQ: SODA), a leading manufacturer of sparkling water makers, announced today its results for the three and twelve month periods ended December 31, 2014.
For the fourth quarter ended December 31, 2014:
- Revenue was $126.5 million compared to $168.1 million in the fourth quarter 2013
- Adjusted EBITDA* was $16.7 million compared to $5.9 million in the fourth quarter 2013
- Adjusted net income* was $7.5 million compared to net income of $0.7 million in the fourth quarter 2013
- Adjusted diluted earnings per share* were $0.35 compared to diluted earnings per share of $0.03 in the fourth quarter 2013
For the year ended December 31, 2014:
- Revenue was $511.8 million compared to $562.7 million in 2013
- Adjusted EBITDA* was $52.6 million compared to $62.2 million in 2013
- Adjusted net income* was $27.9 million compared to $42.0 million in 2013
- Adjusted diluted earnings per share* were $1.31 compared to $1.96 in 2013
The decrease in revenue compared to the fourth quarter 2013 was mainly due to lower demand for sparkling water makers and flavors in the U.S. during the holidays, partially as a result of the elimination of discounting and promotional activities that took place in the same period in 2013, and also reflects an adverse foreign currency exchange rate impact of $7.6 million, primarily due to the weakening of the Euro/U.S. Dollar exchange rate by 7%. View full report here.
