PR Newswire
AIRPORT CITY, Israel, May 10, 2017
AIRPORT CITY, Israel, May 10, 2017 /PRNewswire/ -- SodaStream International Ltd. (NASDAQ: SODA), the leading manufacturer of home beverage carbonation systems, announced today its results for the quarterly period ended March 31, 2017.
For the quarter ended March 31, 2017:
"Our first quarter performance represents a very good start to 2017" commented Daniel Birnbaum, Chief Executive Officer of SodaStream. "Sales grew double digits in each of our four geographic regions as investments in marketing fueled strong demand for sparkling water makers. At the same time, gas refill units increased 12% year-over-year, the strongest quarterly gain in several years as a growing number of households are utilizing our home carbonation system to produce sparkling water. Equally important, we translated solid revenue growth into triple digit net income growth and generated our highest ever quarterly operating and free cash flow driven primarily by increased manufacturing efficiencies, meaningful expense leverage and continued working capital optimization. We are confident that we have the right strategies in place to profitably expand our global brand franchise and deliver increased value to our shareholders over the long-term."
First Quarter 2017 Financial Review
Geographical Revenue Breakdown | | Three Months Ended | | | | | | | | |||||||
| | March 31, 2016 | | | March 31, 2017 | | | Increase | | | Increase | | ||||
| | In millions USD | | | % | | ||||||||||
Western Europe | | $ | 62.6 | | | $ | 70.0 | | | $ | 7.4 | | | | 12 | % |
The Americas | | | 22.9 | | | | 25.6 | | | | 2.7 | | | | 12 | % |
Asia-Pacific | | | 8.8 | | | | 12.2 | | | | 3.4 | | | | 38 | % |
Central & Eastern Europe, Middle East, Africa | | | 6.6 | | | | 7.5 | | | | 0.9 | | | | 15 | % |
Total | | $ | 100.9 | | | $ | 115.3 | | | $ | 14.4 | | | | 14 | % |
Product Segment Revenue Breakdown | | Three Months Ended | | | | | | | | |||||||
| | March 31, 2016 | | | March 31, 2017 | | | Increase (Decrease) | | | Increase (Decrease) | | ||||
| | In millions USD | | | % | | ||||||||||
Sparkling Water Maker Starter Kits | | $ | 29.6 | | | $ | 40.6 | | | $ | 11.0 | | | | 37 | % |
Consumables | | | 68.1 | | | | 72.0 | | | | 3.9 | | | | 6 | % |
Other | | | 3.2 | | | | 2.7 | | | | (0.5) | | | | (16) | % |
Total | | $ | 100.9 | | | $ | 115.3 | | | $ | 14.4 | | | | 14 | % |
Product Segment Unit Breakdown | | | | | | | | | | | | | ||||
| | Three Months Ended | | | | | | | | |||||||
| | March 31, 2016 | | | March 31, 2017 | | | Increase (Decrease) Werbung Mehr Nachrichten zur Sodastream International Ltd Aktie kostenlos abonnieren
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