Record turnover for Zound Industries, with continued global expansion
Zound Industries remains steadfast on its growth journey. 2017 proved to be yet another record year for the company, with annual turnover hitting SEK 1.4 billion (€136 million). Increased sales were impacted by the company’s expansion on both new and established markets.Net sales for the 2017 fiscal year amounted to SEK 1,403 million, equivalent to an increase in 35% (SEK 363 million) on 2016. An operating profit of SEK 61 million was reported for the fiscal year, an increase from SEK 13 million in 2016. EBITDA amounted to 105 MSEK (7%). “To achieve increased growth and profitability