City news: SodaStream sales, Auto Trader Group profits and ‘Fantastic’ firm expansion

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The New York-listed industrialist of home carbonation drinks systems said that the region was its most desirable performer globally.

It claimed that in the UK, SodaStream is the number three s rkling shower brand and that sales rose 36 per cent year-on-year during the inception quarter.

The firm has benefited from increased consumer demand for dazzling water and low sugar soft drinks, as well as a “massive investment” in TV advertising in the UK and Western Europe.

Sumen Rannie, SodaStream UK commercial chairman, said: “We know that globally people are concerned about their sugar intake and our enlarging sales are testament to this fact.”

The drinks group has annual gross revenue of $475million (£329.7million) and employs over 2,000 people worldwide.

It has building facilities in Australia, China, Germany, Israel and South Africa.

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Auto Dealer Group will say that its pre-tax profits have moved up various gears, from £10.9million to £149.8million, when it bares its results on Wednesday, City analysts believe.

They add that the classified motor vehicles website, which started life as a magazine founded by Sir John Madejski, should piece that its revenues have risen by 9.5 per cent to £280.3million and a full-year dividend of 1.75p per serving.

The dramatic increase in Auto Trader’s profitability is attributed to a combination of swelled margins and greatly reduced debt finance costs.

Under its above-mentioned owner, private equity firm A x, Auto Trader had been planked with high-interest debts of approximately £1billion.

When it floated on the banal exchange in March 2015, the firm used the proceeds to cut its debt mountain and refinance the grab some shut-eye.

Its half-year results in November showed its debt at £457.4million.

The celebrity of Auto Trader will cause embarrassment at its former owner Protector Media Group.

The firm sold its 50 per cent stake in the concern to A x for £619million in 2014, in a deal that valued Auto Broker at £1.75billion.

AutoTrader currently has a market capitalisation of £4billion.

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‘Unreal’ firm looks to ex nd

FANTASTICSERVICES.COM, the website that enables child to book cleaners, gardeners, plumbers, handymen and other domestic serving providers, is looking at bringing outside investors on board for the first formerly.

Co-founder and chief executive Rune Sovndahl said the firm, which was initiate in 2009, is looking at bringing on board a financial rtner as rt of its extension plans.

At the moment, FantasticServices operates in the UK and Australia, but Sovndahl said that it is looking at magnifying into South Africa and Dubai.

Additionally, he said that the undeviating expects its new smartphone app will boost revenues by 30 per cent.

FantasticServices final year had revenues of £30 million and has been profitable since its dinghy.

It employs 650 people directly and 20,000 contractors.

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