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SodaStream Reports 28.5% Q3 Revenue Gains

SodaStream International today announced a 28.5% revenue increase to $144.6 million for the third quarter 2012, up from $112.5 million in the third quarter 2012. The company’s EBITDA increased 18.0% to $21.9 million from $18.6 million, and Adjusted EBITDA increased 23.8% to $24.8 million from $20.0 million in the third quarter 2012.

“We continued to execute against our primary objective of expanding our user base in our fastest growing markets during the third quarter,” said Daniel Birnbaum, Chief Executive Officer of SodaStream, “Our progress is being fueled by positive consumer response to our demand creation efforts and innovative products. With unmatched leadership and capabilities in home carbonation, we believe we are on track to continue acquiring new users and deliver strong annual sales and earnings growth in the coming years.”

The company reported net income for the quarter of $16.4 million, down slightly from the $16.8 million the company reported in the third quarter 2012. Adjusted net income was $19.3 million compared to $18.2 million in the third quarter 2012.