SodaStream Reports Second Quarter Fiscal 2017 Results

AIRPORT CITY, Israel, Aug. 2, 2017

For the quarter ended June 30, 2017:

• Revenue increased approximately 10% to $130.6 million compared to $119.2 million in the second quarter of 2016
• Net income increased approximately 84% to $14.4 million compared to $7.8 million in the second quarter of 2016
• Diluted earnings per share increased to $0.64 compared to $0.37 in the second quarter of 2016

"The strong momentum that we've recently experienced building a global sparkling water franchise continued into the second quarter," commented Daniel Birnbaum, Chief Executive Officer of SodaStream. "Machine unit sales grew 35% year-over-year to 859,000 as the compelling benefits of our home carbonation system are resonating with an increasing number of consumers worldwide. At the same time, gas refill units were up 10% to an all-time record of 8.3 million, which is a great indication that our user base is active and growing. Financially, the significant improvement in profitability underscores the benefits of our enhanced manufacturing and expense structure and the power of our business model. We are confident that we are moving ahead with a balanced approach to increasing global household penetration and user retention, both generating greater shareholder value."

Second Quarter 2017 Financial Review