Connect with us

Hi, what are you looking for?

Jewish Business News


SodaStream Closes West Bank Plant Ahead of Schedule

Sodastream CEO: Last week we completed the transfer of our last assembly lines from Mishor Adumim to lehavim.

SodaStream CEO Daniel Birnbaum


Israel based Sodastream International Ltd. (Nasdaq: SODA) home-Carbonated-drink manufacturer CEO, Daniel Birbaum said In the company’s first quarter results announcing, “Last week we completed the transfer of our last assembly lines from Mishor Adumim to Lehavim and we no longer produce sparkling water makers in Mishor Adumin. We will complete the transition of equipment and exit Mishor Adumim entirely during the third quarter, ahead of schedule.”

Sodastream has repeatedly stressed that the closure is not related to political pressure from the BDS movement, but due to a company reorganization dictated by economic considerations.

Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at
Thank you.

“The transformation of our manufacturing base and operating structure is creating a more efficient organization. We are accelerating the consolidation of our production activities into our new state-of-the-art plant in Lehavim. During April, we shut down our Alon Tavor facility and commenced plastic injection in Lehavim.”
SodaStream first-quarter revenue fell 30% due to both lower demand for its sparkling waters and the negative effect of the strong dollar.

Its earnings, however, surged past Wall Street expectations thanks to the company’s cost-cutting program.

Daniel Birnbaum said the first quarter was “the start of a transitional period” as SodaStream launched new sparkling-water flavors.

Sales fell across all regions in the quarter, down 34% in the Americas and 45% in EMEA. They decreased 13% in Western Europe, and 25% in the Asia Pacific region.

In all, SodaStream posted a profit of $6 million, or 29 cents a share, compared with a year-earlier profit of $1.8 million, or eight cents a share. Excluding restructuring costs and other items, earnings were 40 cents a share, up from eight cents a share a year earlier.

Revenue fell to $90.3 million from $118 million in the year-earlier period.

Analysts had expected per-share earnings of three cents on revenue of $101 million, according to Thomson Reuters.

Sales-and-marketing expenses dropped to $32.5 million from $46.2 million amid lower advertising and promotion costs.

Shares of Sodastream have declined about 5% this year through Tuesday’s close.

A launch of a new line of sparkling water flavors is planned for later this year.



You May Also Like

World News

In the 15th Nov 2015 edition of Israel’s good news, the highlights include:   ·         A new Israeli treatment brings hope to relapsed leukemia...


The Movie The Professional is what made Natalie Portman a Lolita.


After two decades without a rating system in Israel, at the end of 2012 an international tender for hotel rating was published.  Invited to place bids...

VC, Investments

You may not become a millionaire, but there is a lot to learn from George Soros.