SodaStream Drives Sales In Q2

Second quarter revenue at SodaStream was up 10% as an increase in sales of carbonated water maker units and gas refills were the key drivers, company officials said.

For the period ended June 30, total revenue was $130.6 million, up from revenue of $119.2 million in the second quarter of 2016. Net income was $14.4 million, up from net income of $7.8 million in the comparable quarter the previous year. Diluted earnings per share was $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,” said Daniel Birnbaum, CEO of SodaStream. “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.”

Western Europe remains the biggest revenue driver for SodaStream, with quarterly sales of $81.6 million, up from sales of $74.4 million in 2016. Revenue in the Americas increased $2.1 million to $28.1 million.

By product segment, sales of sparkling water maker starter kits increased $7.9 million to $46.9 million, while sales of consumables increased $3.6 million to $81.7 million.