Sodastream's profits jumped 82% in the third quarter: $ 26.1 million

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by Ifi Reporter Category:Capital Market Aug 1, 2018

Sodsream's profits jumped 82% in the third quarter of the year compared to the same period last year, and totaled $ 26.1 million.
SudaStream's revenues come from three main products - gas systems, gas filling
And syrups. During the quarter sales of more than one million gas systems were recorded, an increase of 22%. In addition, an all-time record was recorded in sales of gas fillings, which amounted to 9.7 million units, an increase of 17% compared with the corresponding quarter.
 The company reported gross profit of $ 101.6 million, 59.3% of revenues, compared to gross profit of $ 69.4 million and 53.1% of revenue in the corresponding quarter last year. It also reported an 89% increase in operating income, which totaled $ 31.8 million, representing 18.5% of revenues, compared with $ 16.8 million, or 12.9% of revenues in the corresponding quarter last year.
During the second quarter of 2018, the company reported 31.3% growth in revenues, which totaled $ 171.5 million compared with $ 130.6 million in the corresponding quarter last year. According to the data, the growth in revenues stemmed mainly from the countries of Germany, France, Canada and the United States and the positive impact of exchange rates of $ 8 million.
Data on soda water is a record of all time. The Tel Aviv Stock Exchange reacted with a 23% jump. The New York Stock Exchange reacted similarly.

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