SodaStream Reports Second Quarter Fiscal 2018 Results

AIRPORT CITY, Israel, Aug. 1, 2018

For the quarter ended June 30, 2018:

• Revenue increased 31.3% to $171.5 million, compared to $130.6 million in the second quarter of 2017
• Operating income increased 89.1% to $31.8 million, compared to $16.8 million in the second quarter of 2017
• Net income increased 81.7% to $26.1 million, compared to $14.4 million in the second quarter of 2017
• Diluted earnings per share (EPS) increased 77.9% to $1.14 compared to $0.64 in the second quarter of 2017

"We are extremely pleased to be reporting the most successful quarter in our Company's history," commented Daniel Birnbaum, Chief Executive Officer of SodaStream. "The product, distribution and marketing initiatives we are executing across our global portfolio of markets continue to propel our business to new heights and strengthen our foundation for future growth. Most notably, sales of sparkling water maker units increased 22% to over 1 million in the second quarter and sales of gas refill units grew 17% to an all-time record 9.7 million. These results underscore the progress we are making towards our primary strategic objectives of expanding household penetration and increasing usage of our home carbonation system. I believe we are now positioned better than ever to drive continued growth and increased shareholder value over the long-term, especially as SodaStream is a great alternative to single-use plastic bottles which are being revealed as a hazard not only to the environment but also to human health".

Second Quarter 2018