Press release -
Zound Industries reports strong growth in Q3
Zound Industries reports further growth in Q3. Net sales increased by 44 percent to 412 MSEK compared to 287 MSEK for the same period last year.
“These results reflect the hard work of the team and show that we are well truly in the scale up phase. Our focus has been, and will continue to be, on building a business that can deliver both now and in the long-term,” comments Pernilla Ekman, CEO, Zound Industries.
Year to date figures show that Zound has already broken the 1 BN SEK mark in 2018 with net sales up 32 percent to 1.15 BN SEK.
During the third quarter Zound launched a host of new products and initiatives. Marshall unveiled their first voice products and launched an updated version of the popular Kilburn II speaker. While Urbanears introduced their Listen to yourself campaign featuring popular artists such as Tove Lo and new colorways of the iconic Plattan headphones.
Last week Marshall also released an updated Home Bluetooth speaker line, their first in-ear wireless headphones and new colors of the Minor and Major headphones.
Work continues on developing the new adidas products, due to launch in the second half of 2019.
- ENDS -
For additional information, please contact:
Sophie Gaffney, Communications Manager, Zound Industries
sophie.gaffney@zoundindustries.com
+46 760 33 21 71
Topics
- Music
Zound Industries designs and develops speakers and headphones under the brand names Marshall and Urbanears. With a strong focus on innovative technology and user-centered design, Zound has gone from strength to strength since first hitting the market in 2008, launching a wide range of iconic, award-winning products. Zound currently has around 200 employees, with offices in Stockholm, New York, Paris, Shenzhen and Hong Kong. In 2017 turnover hit an all-time high of SEK 1.4 billion. In February 2018, Zound announced a new partnership with Adidas, with initial products due to hit the market in 2019.
