Zound continues its profitable growth journey in historic first quarter
Zound Industries continued its strong revenue and profit growth journey into the first quarter of 2023, with net sales increasing 54% to SEK 857.4 million. Operating profit increased to SEK 173.8 million (70.6), amounting to an operating margin of 20.3%, up from 12.7% in the same period last year. Zound also announced the acquisition of Marshall Amplification to create the Marshall Group, which will enable the company to further expand into the multi-billion-dollar global audio-tech industry.“The first quarter was an historic chapter for Zound. In addition to delivering our third best