Sodastream Down 15% After Reporting Earnings

Shares of Sodastream

are down 15% after the company reported earnings this morning. Revenues increased 32% to Euro 66.1 million Americas revenues increased 70% to Euro 24.6 million Adjusted diluted earnings per share was Euro 0.25 or $0.32* Unit sales of soda makers increased 8% to 767,000 Unit sales of flavors increased 24% to 4.6 million Unit sales of CO2 refills increased 27% to 3.4 million "This has been a defining year for SodaStream with strong top and bottom line growth in each of the four quarters, driven by robust soda maker and consumable sales," commented Daniel Birnbaum, CEO of SodaStream. "Our U.S. business experienced strong growth in 2011 driven by our launch of new products, retail expansion, and ramped up marketing efforts, including our first TV commercial. The U.S. is now our largest single market with sales growth at 104% for the year, unit sales of soda makers up 113% and CO2 refills and flavors up 98% and 132%, respectively. This is a clear indication that consumers are embracing our brand as we continue to bring our revolution to every household in America.