A new line of robots helped Maytronics, a manufacturer of the Dolphin robotic pool cleaners from Kibbutz Yizre’el, picked up close to $47 million in revenue, a 26% rise, in Q2 2015. Maytronics’ value of shares jumped to $283 million.
Next month CEO Yuval Beeri, will step down after seven years, reaching a 50% increase within a year and 340% over the last 3 years. Eyal Tryber, will take place, after serving as vice president of sales marketing for the last seven years.
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 [email protected].
Thank you.
Addressing the financial reports, Beeri said, “the pool season in the northern hemisphere opened very positively and it is possible we will see a prolonged season due to the warm weather in Europe and the US.”
He added: “We are experiencing significant growth in these territories, partly as a result of the very successful launch of a new line of robots which are in high demand.”
