SodaStream Reports Fourth Quarter And Fiscal 2017 Results

AIRPORT CITY, Israel, Feb. 14, 2018

For the fourth quarter ended December 31, 2017:

• Revenue increased 19.6% to $157.7 million, compared to $131.8 million in the fourth quarter of 2016
• Operating income increased 36.4% to $25.7 million, compared to $18.8 million in the fourth quarter of 2016
• Net income increased 63.2% to an all-time record of $25.5 million, compared to $15.6 million in the fourth quarter of 2016
• Diluted earnings per share (EPS) increased 58.1% to $1.13 compared to $0.71 in the fourth quarter of 2016

For the year ended December 31, 2017, compared to full year 2016 results:

• Revenue increased 14.1% to $543.4 million compared to $476.1 million in 2016
• Operating income increased 49.4% to an all-time record of $81.4 million, compared to $54.5 million in 2016
• Net income increased 67.3% to an all-time record $74.4 million, compared to $44.5 million in 2016
• Diluted EPS increased 59.4% to $3.29 compared to $2.07 in 2016

"Our fourth quarter performance represents a terrific finish to an outstanding year for SodaStream," commented Daniel Birnbaum, Chief Executive Officer of SodaStream. "Throughout 2017 we successfully executed our growth plan aimed at expanding household penetration and increasing usage of our home carbonation system which translated into mid-teens revenue growth, record net income, and strong cash generation. These results underscore the strength of our brand and product offering and showcase the power of our business model. The work we've done bolstering our organization, improving our systems and processes, and enhancing our manufacturing capabilities has provided us with a much stronger foundation to capitalize on the many growth opportunities that still lie ahead and continue creating value for our shareholders."