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SodaStream Net Income Jumps 36.1%

Wednesday July 31st, 2013 - 4:31PM

SodaStream International Ltd. today announced net income gains of 36.1% to $12.9 million for the second quarter, compared to $9.5 million in the second quarter 2012. Adjusted net income for the soda maker company was $15.8 million compared to $10.9 million in the second quarter 2012.

The company reported revenue increased 28.5% for the quarter, to $132.4 million from $103.0 million in the second quarter 2012.

"Our business performed very well during the second quarter, with revenue up 29% year-over-year on top of very strong gains a year ago that were fueled by the launch at Wal-Mart. Importantly, operating income grew at a faster pace than revenue as we leveraged expenses to drive earnings per share ahead of expectations,” said Daniel Birnbaum, SodaStream CEO. “With global first half unit sales of soda makers, gas refills and flavors up 18%, 30%, and 25% respectively, we are making great progress against our plan to grow our installed base and strengthen user loyalty. Our strong momentum in the Americas and Western Europe, combined with improving trends in Asia-Pacific, position us well to achieve our upwardly revised outlook for 2013."