SodaStream’s run of quarterly sales increases continued in the fourth quarter as company officials said its consumer-facing messaging focused on health and wellness was key to driving sales.
For the quarter ended December 31, revenue increased 16.7% to $131.8 million. EBITA was $24.8 million, up from $11.1 million the previous year and net income was $15.6 million compared to $5 million in the fourth quarter of 2015. Diluted earnings per share increased 201.2% to $0.71.
“Our 2016 full year performance underscores that the strategies we’ve implemented to build a global brand franchise and accelerate household penetration of our home carbonation system are working successfully,” said Daniel Birnbaum, chief executive officer of SodaStream. “Consumers are responding positively to our messaging around health and wellness, convenience, and the environment and are using SodaStream to produce sparkling water in record numbers.”
For the year ended December 31, revenue increased 14.5% to $476.1 million. EBITA was $75.8 million, up 102.9%, with net income increasing 105.9% to $44.5 million and diluted earnings per share up 102.1% to $2.07.
By geographic segment, Western Europe continues account for more than half of total company sales, with fourth quarter sales coming in at $74.8 million, an increase of 11.6%. Sales in the Americas were $36.1 million, up 20%.
Company-wide sales of sparkling water maker starter kits in the fourth quarter were $56.7 million, up 37%, while consumables sales were $74 million, an increase of 5%.