Bloomberg the Company & Products

Bloomberg Anywhere Login

Bloomberg

Connecting decision makers to a dynamic network of information, people and ideas, Bloomberg quickly and accurately delivers business and financial information, news and insight around the world.

Company

Financial Products

Enterprise Products

Media

Customer Support

  • Americas

    +1 212 318 2000

  • Europe, Middle East, & Africa

    +44 20 7330 7500

  • Asia Pacific

    +65 6212 1000

Communications

Industry Products

Media Services

Follow Us

SodaStream Drops Most in Six Months as Unit Sales Slow

Don't Miss Out —
Follow us on:

Feb. 29 (Bloomberg) -- SodaStream International Ltd. had its steepest drop in six months after the Israeli company said sales of its soda machines grew at a slower pace than in the previous period.

Shares of the Airport City, Israel-based company plummeted 14 percent to $40.75, the largest decline since Aug. 16. SodaStream said global soda maker unit sales rose 8 percent to 767,000 in the fourth quarter after increasing 60 percent in the third quarter.

“Until we have further clarity on the deceleration in soda maker unit sales we see reason for pause,” Stifel Nicolaus analyst Jim Duffy wrote in an e-mailed report today.

Fourth-quarter revenue increased 32 percent to 66.1 million euros, beating a 60.9 million euro ($88.4 million) average estimate of seven analysts in a Bloomberg survey.

To contact the reporter on this story: Leon Lazaroff in New York llazaroff@bloomberg.net

To contact the editor responsible for this story: Emma O’Brien at Eobrien6@bloomberg.net

Please upgrade your Browser

Your browser is out-of-date. Please download one of these excellent browsers:

Chrome, Firefox, Safari, Opera or Internet Explorer.