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Marshall Group is the audio, tech and design powerhouse uniting musicians and music lovers through genre-breaking innovation. Marshall, our flagship brand, is uniquely positioned with over 60 years of rock ‘n’ roll attitude on stage, at home and on the go. Our iconic products are brought to life by a dedicated team of 800 passionate employees and sold in over 90 markets worldwide.

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A record-breaking 2023 and a new era for Marshall

Marshall Group delivered yet another year of profitable growth in 2023 with net sales breaking the 4 billion SEK barrier, increasing 29 percent compared to 2022. With growth across product categories, channels and regions, as well as hitting double-digit growth and profitability in all four quarters, 2023 was Marshall’s best year to date.2023 saw the creation of the Marshall Group with Marshall Amplification and Zound Industries coming together earlier in the year. Successfully integrating the two companies has been a big focus, and the Marshall brand maintained its growth momentum

ANOTHER STRONG QUARTER OF GROWTH FOR MARSHALL GROUP

Marshall Group continued to deliver profitable growth in the third quarter of 2023 with net sales increasing 31 percent compared to the same period last year. Consolidated net sales amounted to MSEK 974.4 (744.3) in the quarter and adjusted operating profit increased to MSEK 236.6 (77.8), equivalent to an adjusted operating margin of 24.3 percent (10.3%).Q3 2023 marks 11 consecutive quarters of sustained growth for Marshall Group with the company reshaping its business model to counteract the historical seasonality of the industry and drive the premium positioning of the Marshall brand.

Marshall Group welcomes Altor as one of its main shareholders

Stockholm, 15/09/2023 – Altor Funds (“Altor”) have signed an agreement to acquire a significant minority stake in Marshall Group AB (“Marshall Group”), from funds advised by Varenne AB, Varenne Invest I AB, Zenith Venture Capital I AB, Zenith Venture Capital III AB as well as a large number of smaller investors.Marshall Group is the audio, tech and design powerhouse uniting musicians and music lovers through genre-breaking innovation with Marshall, Marshall Records, Marshall Live Agency, Marshall Studio, Natal Drums, Urbanears, and adidas headphones. Marshall is active in more than 90

THE MARSHALL BOARD RESPONDS TO THE BID TO THE MINORITY SHAREHOLDERS

Following the news of a bid to the minority shareholders of Marshall Group, the Board of Directors wants to clarify that the Board has not received a formal bid nor approved of any public bid from any entity. The Board also wants to highlight that the reported indicated price does not reflect a fair market value of the company today according to valuations provided by leading financial advisers.Since 2021, Marshall Group is performing above all expectations, with the last twelve-month pro forma numbers adding up to almost 4B SEK in revenue and around 700M SEK in EBIT (after adjustment for

MARSHALL GROUP CONTINUES TO DELIVER PROFITABLE GROWTH IN THE SECOND QUARTER

Marshall Group continued its strong revenue and profit growth journey into the second quarter of 2023 with net sales increasing 32 percent compared to the same period last year. Consolidated net sales amounted to MSEK 956.8 in the quarter and adjusted operating profit increased to MSEK 134.5 (45.3), equivalent to an adjusted operating margin of 14.1 percent, up from 6.3 percent last year.The second quarter of 2023 represents the first quarter with the company reporting consolidated sales after the acquisition of Marshall Amplification earlier this year, with the amps business in the books

Zound is now Marshall Group, and set to take the company to the next level

Today, audio, tech and design powerhouse Zound Industries is formally changing its name to Marshall Group following the fusion between Zound and Marshall Amplification earlier this spring. More than just a name change, this represents the beginning of the next chapter in a decade-long partnership to build the iconic Marshall brand.“With the Marshall group, we’re turning the volume up to 11 with one of the world’s most iconic brands powered by one of the fastest growing, and profitable, companies in our industry. These are the perfect conditions to create the best products and experiences

Zound honoured with three Red Dot Awards for Marshall and adidas Headphones

This year, Zound managed to surpass all expectations by being honoured with not one or two but three prestigious Red Dots. The Marshall Homeline III, the Marshall Willen as well as the adidas RPT-02 SOL, were all awarded for their outstanding product design in the audio category. All three products were designed and developed in-house at the global headquarters in Stockholm, which is the case with all Zound’s products.The participation of the prestigious Red Dot Design Award was a great success for Marshall Headphones this year when managing to scoope, not only one, but two Red Dots for

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

Marshall Group is born, bringing together rock’n’roll legend Marshall Amplification and audio phenomenon Zound Industries to pioneer the future of sound and technology.

Deal marks next chapter for the decade long and highly successful partnership.The launch of Marshall Group is announced, bringing together Milton Keynes-headquartered Marshall Amplification (www.marshall.com) and Stockholm-headquartered Zound Industries (www.zoundindustries.com). Since 2010, Zound Industries has been bringing the Marshall brand to a global consumer audience through its range of headphones and wireless speakers sold in over 90 countries. This deal represents the moment that the iconic British brand and its partner, one of Sweden’s most successful profitable growth companies,

Zound delivered second consecutive year of record-breaking performance

Zound Industries has achieved new highs with a second year in a row of record revenues. Net sales rose 44 percent to SEK 3,102 million with Zound breaking the 3 billion SEK barrier and hitting double-digit profitability with an operating margin of 10.3 percent, equivalent to an operating profit of SEK 319 million. With strong growth across all product categories, channels, markets, and showing profitability in all four quarters, 2022 was Zound’s best year to date.Zound is the powerhouse behind the Marshall, adidas and Urbanears speakers and headphones brands. The company is on a mission to

Zound on track for another record year

2022 continues to be a year of growth for Zound Industries. Consolidated net sales for the third quarter amounted to MSEK 744.3 (562.3), an increase of 32 percent compared to the same period last year. In the first nine months of 2022 Zound delivered a total revenue growth of 69 percent with net sales reaching MSEK 2,023.4 while showing record profitability.Zound has a clear ambition to become the biggest and most exciting challenger to the traditional players in the industry. Executing on its strategy, Zound is now on track to deliver the most successful year in the company’s history. The

Zound delivers another record-breaking quarter

Zound fuels momentum by delivering another record-breaking quarter to round off a very successful first half of 2022, despite the challenging economic climate. Net sales for the second quarter of 2022 amounted to MSEK 723.4, an increase of 90 percent compared to the same period last year. In the first six months of 2022 Zound delivered revenue growth of 101 percent, with total sales reaching MSEK 1 279.1, while showing record profitability.After a series of successful product launches, an increasing demand on all key markets and an improving supply situation, Zound has managed to deliver

Zound maintain strong momentum in the first quarter

Zound managed to sustain the strong momentum from 2021 during the first quarter of 2022. Net sales rose 117 percent compared to the same period last year, totaling a record-breaking 555.6 MSEK with healthy profitability in the first quarter.Zound’s ambition is to become the number one challenger and most exciting alternative to the traditional industry players. The company has defined a bold ambition and clear strategy for its next chapter of growth, with product and digital at the core, supported by a focus on innovation, sustainability, diversity and inclusion. After a strong finish to

Zound delivered best ever performance in 2021

2021 marked a new all time high for challenger audio electronics company Zound Industries. Net sales increased by 23% to 2 152.5 MSEK and operating profit increased to 132.4 MSEK, equivalent to an operating margin of 6.2 percent. The best year ever in the history of Zound, despite continued supply chain challenges.Zound is a global audio electronics company and the powerhouse behind the Marshall, adidas and Urbanears speakers and headphones brands. The company is on a mission to become the #1 alternative and challenger to the traditional players in the industry, and its 2021 financial

Another strong third quarter for Zound

In the third quarter, Zound’s net sales rose one percent compared to the same record-breaking period in 2020. Despite continuing supply chain issues, total revenues for the quarter were 562.3 MSEK compared to 557.7 MSEK for the third quarter last year.Zound’s ambition is to become the number one challenger and most exciting alternative to the traditional industry players by bringing life to sound through a sharp focus on product innovation, digital execution and a strong commitment to sustainability, diversity, and inclusion.  “After a tough 2020, we’re getting back to our growth

Zound cranks up the volume at Central Station in Stockholm

Zound Industries presents Zound Stage, a live venue that brings together contrasting artists to create a new music experience. The first gig features Gnucci, Selma & Gustaf and Ängie, and will be live streamed for free on 14[th] October 2021.Better known for its audio products under the Marshall, Urbanears and adidas brands, Zound is building on its music roots by installing a stage, putting on live acts and inviting the public to come along.  The idea behind Zound Stage is to bring together different styles, viewpoints and sounds to merge, mix and create something totally new. Zound has

Zound increased sales by 8 percent despite supply challenges

In the second quarter, Zound posted an eight percent increase in net sales with demand for its products exceeding available supply. Total revenues amounted to 380.2 MSEK compared to 352.1 MSEK for the same period last year.“The team is firing on all cylinders to bring our new strategy to life. We will be product obsessed, digitally connected, innovation driven, sustainability committed, diversity and inclusion minded in everything we do moving forward. Our recent launches exemplify our product obsession, and our growth in digital channels speaks volume to our focus on digital performance,”

Zound welcomes Patrik Nilsson to Board of Directors

Zound Industries appointed Patrik Nilsson to the Board of Directors at the annual general meeting on 6[th] June 2021. With a long and successful career at big brands and extensive experience in getting products into the hands of consumers around the world, he represents a strong addition to the Board of Directors at Zound.Back in 1991, Patrik joined adidas and over the next 23 years, he held several positions at the company including Global Head of the Style Division and President of adidas Group North America. Since leaving the sporting giant, Patrik had a stint as CEO and Chairman at GANT

Zound awarded two Red Dot distinctions for high quality design

The Marshall Emberton and the Marshall Monitor II ANC have been recognised in the annual Red Dot design awards. As with all of Zound’s products the Emberton and the Monitor II have been designed and developed in-house at the Zound global headquarter in Stockholm. Both products, released in 2020, were awarded Red Dots for product design in the audio category.“Since Zound began, design has been at the heart of our world. We have always taken a human centric approach to design, this way we develop products that connect with people on an emotional as well as a functional level. It is great to

Zound showed progress in a challenging year

In a year marked by the pandemic net sales for Zound Industries amounted to 1,756 MSEK in 2020, down 12% from 1,997 MSEK in 2019. Operating profit for the full year, was positive at 9.4 MSEK.2020 was a year of highs and lows for Zound as the global COVID-19 pandemic presented many challenges. Demand dropped when key markets introduced restrictions in the early spring and once demand started to recover in the middle of the year, component shortages and logistic challenges hit the electronics industry and impacted Zound’s product availability. These challenges are expected to continue

Zound delivers strong finish to a difficult period

Zound Industries’ net sales decreased by 29 percent to 352 MSEK during the second quarter of 2020 compared to the same period in 2019. The Covid-19 pandemic, which led to closed stores and lower demand for audio products, impacted sales heavily during April and May. With markets reopening and e-commerce sales gaining momentum, Zound delivered a strong recovery with year on year growth in June.“We got through a couple of really tough months and have had to adapt our business to this new reality. Our performance in June signals the start of a new positive trend for us”, said Martin Axhamre,

Zound appoints Jeremy de Maillard as new CEO

Zound Industries welcomes Jeremy de Maillard as new Chief Executive Officer. Jeremy brings international leadership experience and a proven track record of building brands and growing businesses at global and iconic brands such as adidas, The North Face and Vans. Jeremy is a strong and appreciated leader with a passion for connecting brands with consumers through an authentic brand purpose, innovative products and relevant consumer experiences in an ever changing, digitally driven and global market landscape.“Jeremy de Maillard is the perfect leader for Zound going forward. He brings strong

Zound strengthens retail presence in the US

Zound Industries has announced a large scale merchandising expansion with Best Buy, a leader of technology products, services and solutions. This will be the first time Marshall products will be available at BestBuy.com and all Best Buy store locations throughout the US.“It’s great to see that we are strenghtening our partnership with BestBuy. It’s a testament to our current product offering and our product roadmap, as well as the engagement from our US team”, said Pierre Carlson, Chief Commercial Officer, Zound Industries. This latest development builds on Zound’s success in the US over

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