STOCKHOLM, Nov. 13, 2024 — Marshall Group’s net sales in the third quarter of 2024 surged 15 percent to SEK 1,118.4 million (SEK 974.4 million), showcasing continued strong and profitable growth. Adjusted operating profit climbed to SEK 304.0 million (SEK 236.6 million), translating to an adjusted operating margin of 27.2 percent (24.3%).

Marshall Group’s solid financial performance in the first nine months of 2024 is driven by the introduction of popular product updates that resonate with consumers. This successful quarter further solidifies the iconic brand’s legacy, building upon the robust foundation established since the creation of Marshall Group last year.

“This impressive performance is the result of a talented, dedicated, and hardworking team, effectively executing our ambition and strategy. We are creating and delivering unique products, stories, and experiences that resonate with consumers across all channels and geographies. With another successful quarter behind us, we are well-positioned to continue our profitable growth journey,” states Jeremy de Maillard, CEO, Marshall Group.

During the third quarter, Marshall unveiled updated versions of its popular Emberton III and Willen II portable speakers. These updates feature improved material choices, usability, and support for the next generation of Bluetooth technology, LE Audio, which enables Auracast. In September, the highly anticipated Monitor III A.N.C. wireless headphones were launched. These headphones boast enhanced noise-cancelling and Marshall’s new Soundstage spatial audio technology, garnering positive reviews from consumers and media alike.

Driven by strong demand for Marshall products across various regions and impressive performance across all sales channels, including e-commerce, the financial performance during the first nine months of 2024 has been remarkable. Net sales increased by 15 percent to MSEK 3,194.0 (MSEK 2,788.6) compared to January to September 2023. Adjusted operating profit rose to MSEK 754.7 (MSEK 545.5), equivalent to an adjusted operating margin of 23.6 percent (19.6%). This performance reflects a well-executed strategy, a focus on innovation, and the ability to meet the demands of both musicians and music enthusiasts globally.  

“We have an exciting product roadmap for both existing and new categories. Our strong financial position allows us to invest for the long term while also capitalizing on emerging opportunities. The team is doing a fantastic job growing the business into the brand,” says Martin Axhamre, CFO & Deputy CEO, Marshall Group.

For more information, please contact:
Frida Calderon, Senior Communications Manager, Marshall Group
 

About Marshall Group:

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. Learn more on  

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