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Marshall Group maintains strong momentum in successful first quarter
STOCKHOLM, May 23, 2024 /PRNewswire/ -- Marshall Group continued its strong revenue and profit growth journey into the first quarter of 2024 with net sales increasing 14 percent to SEK 978.0 million (857.4). Adjusted operating profit increased to SEK 208.5 million (174.4), amounting to an adjusted operating margin of 21.3 percent (20.3%)
Building on a historic and successful 2023, Marshall Group is off to a great start in 2024 by introducing well-received product updates, showing up for both musicians and music lovers and delivering strong financial results.
"Despite the macro-economic uncertainties influencing consumer spending and the geo-political tension causing turbulences across the supply-chain, we managed to deliver our best first quarter to date on top of an extremely strong comparable quarter in 2023. Demand for Marshall products continues to be strong, and we have an exceptional product portfolio and roadmap to lean into," says Jeremy de Maillard, CEO, Marshall Group.
During the first quarter of 2024 Marshall launched its first collaboration with global lifestyle brand Patta, a limited edition Emberton speaker that draws inspiration from Caribbean sound system culture. Marshall also introduced the Marshall Funhouse at the SXSW festival in Austin, Texas. A combination of open-space carnival and music venue with live DJ's, multiple games, local vendors, saw more than 16,000 visitors over three days and hosted more than 40 live music shows, such as King Nun, Dream Nails, Noah and the Loners, Kid Bookie, Dinosaur Jr. and The ...