Zound Industries breaks through the billion barrier – new record year
Zound Industries continues to experience rapid growth, with 2016 being yet another record year for the company reporting an annual turnover of over 1 billion SEK (€105 million).
‘Zound continues on its fantastic journey, with increased profitability year on year. All of us on the ownership side of the business would like to thank the entire Zound team for their fantastic performance. We have great faith in the future and the current work underway in implementing the decided strategic plan,’ states Tommy Jacobson, Chairman of the Zound Industries Board.
Net sales for the 2016 fiscal year amounted to 1,043 million SEK, equating to a 38% (SEK 285 million) increase over 2015. An operating profit of 19 million SEK was reported for the fiscal year, down from 2015’s 34 million SEK, a direct result of the company’s write-down of the smartphone operations.
Excluding the smartphone operations, Group net sales came in at 1,034 million SEK, an increase of 46% over 2015, with an EBITDA of 104 million SEK (10%). Increased sales were driven by considerable growth in the headphones segment, alongside exceptional growth in speakers. In addition, the company established successful e-commerce operations in North America and China.
‘We continue to grow quicker than the headphones and speakers market itself. This enables us to make several investments, equipping ourselves for the future. We have a fantastic team on board which we have continued to expand throughout the year, and several exciting upcoming product launches,’ CEO Pernilla Ekman states.
The company also continues to actively invest in its innovation hub Zound Labs, a team of creatives under the direction of Zound’s co-founder Konrad Bergström.
‘We have now reached yet another milestone. Zound’s stabile foundation enables us to focus on further innovations, adapting a forward-thinking long-term perspective to our work. Establishing new partnerships and playing a driving role in the present technological transition strengthens our position as a global player,’ Konrad Bergström adds.
The entire annual report will be released later this spring, at the Zound Industries International AB annual shareholder meeting.
For more information, please contact
Gustav Dahlgren, Press Agent Zound Industries, +46 (0)704 96 93 13, [email protected]
About Zound Industries
Based in Stockholm, Sweden, Zound Industries designs, develops, produces and sells headphones and speakers under several brand names, including Urbanears and Marshall. The company is represented in over 100 markets, with a leading focus on the Nordic region, the US, France, Germany, the UK and China.
Zound Industries wins Telekomgalan’s Company Of The Year Award
Zound Industries received the SwedishTelekomgalan’s prestige price ‘Company of the year 2015′.
The jury’s motivation: The price goes to Zound Industries, a company that finds their own way in innovative solutions in a stereotype industry. Even though they already keep a strong position in the market, they have kept an aggressive growth in new and existing territories. Just as the Beatles song ” Penny Lane is in my ears and in my eyes” , we agree that Zound Industries has managed to combine great sound with stylish and attractive products”.
Viva Las Vegas – We’re going to CES!
CES is the world’s gathering place for all who thrive on the business of consumer technologies.The show runs from January 6–9, 2016. As an innovator in technology, Zound Industries will showcase new products and innovations from all four brands; Urbanears, Marshall Headphones, Coloud and Molami.
FIND US IN THE LAS VEGAS CONVENTION CENTER IN SOUTH HALL 1, BOOTH NO. 21407
“Viva Las Vegas with you neon flashin’
And your one armbandits crashin’
All those hopes down the drain
Viva Las Vegas turnin’ day into nighttime
Turnin’ night into daytime
If you see it once
You’ll never be the same again” Viva Las Vegas – Elvis Presley
If you’d like to schedule a meeting with a member of Zound Industries, please contact:
Global Director of Sales
Global PR & Communications Manager
Monitor is Out
Monitor, the first-ever over-ear model from Marshall Headphones is designed to revolutionize your everyday listening experience with superior sound and classic Marshall good looks. Whether on the road, in the office, or in the studio, your music will never sound the same.
Get yours here before it hits selected Marshall Headphones retailers starting mid-May.
Resonating with the power of live performance, Monitor produces deep bass with extended highs, and natural, well-balanced mids. Its custom-made low distortion 40mm drivers cover the whole frequency range audible to the human ear, and even at high playback levels, the sound is punchy, dynamic and clear. The Monitor also comes with the F.T.F System, allowing you to customize your sound.
Sound is personal. Monitor lets you choose your own sound experience thanks to the F.T.F System. Monitor comes preloaded with an F.T.F. insert behind the removable ear cushion. Keep it in for a sound that’s laidback and warm. To really hear those screaming highs, remove the magnetic ear cushion and take the F.T.F. insert out. The sound you’ll experience will be brighter and clearer. How you like it is up to you.
Monitor is embossed with a white script logo and black vinyl leather, evoking the spirit of those legendary vintage amps, while the heavy-duty cast metal hinges, brass accents and plug make it full-out roadworthy. Monitor’s completely detachable double-ended coil cord with mic and remote can be worn on either the right or left side. Use the extra 3.5mm socket to share your music. When you’re done, fold ‘em up stow them away in the canvas carrying pouch for easy transport and safe storage.