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.
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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.”