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A record-breaking 2023 and a new era for Marshall

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STOCKHOLM, Feb. 15, 2024 /PRNewswire/ — 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 throughout the year while fuelling its premium position across the world. Total net sales amounted to MSEK 4,006.8 (3,102.0) for the full year and adjusted operating profit increased to MSEK 757.0 (427.1), equivalent to an adjusted operating margin of 18.9 percent (13.8%).

“It has been a historic year for everyone at Marshall. We delivered strong growth and profitability for the third year in a row while successfully integrating into the Marshall Group. We are unlocking the potential of the Marshall brand while staying true to its legacy and investing into the future”, says Jeremy de Maillard, CEO, Marshall Group.

“We have invested heavily into our manufacturing site for premium amps and in our recording studio in Milton Keynes over the past six months, making them world-class facilities to satisfy the needs of guitarists and musicians. We will enter new product categories in the next twelve months, providing the unique Marshall experience to our audience in more aspects of their lives. And we will soon launch an entirely new digital experience, bringing together the entire Marshall world and product offer on marshall.com.”

During the year Marshall launched iconic products across all key categories. The Studio JTM Amplifier in honour of what would have been Jim Marshall’s 100th birthday, an homage to the amp that started it all. The Motif II A.N.C, the latest generation of the well-received noise cancelling true wireless headphone. And the Middleton, the latest addition to the Marshall portable speaker range, with a quad-speaker set-up to ensure the ultimate immersive sound experience.

Pro forma numbers, which include Marshall Amplification and its subsidiaries for the full year, showed 18 percent revenue growth year on year, reaching MSEK 4,097.4 (3,458.3) in revenue and MSEK 789.4 (534.6) in profitability after adjustments for extraordinary items.

Over the last couple of years, the company has successfully reshaped its business model to counteract the historical seasonality of the business and to drive the brand premium positioning. Sales and profits are now more evenly spread across quarters, resulting in what is expected to be less volatile and more consistent growth across quarters going forward.

In the fourth quarter of 2023, net sales increased 13 percent to MSEK to 1,218.2 (1,078.6) and adjusted operating profit amounted to MSEK 211.6 (233.0), equivalent to an adjusted operating margin of 17.4 percent (21.6%).

“Just as in 2022 we have been profitable each quarter of 2023 while continuing to grow the business. The team has done a great job balancing sales and inventory across quarters to maintain our premium positioning in a market that has been heavily characterized by promotions and discounts this year. We have a strong financial position,” says Martin Axhamre, CFO & Deputy CEO, Marshall Group.

Marshall Group’s financial position has enabled the company to focus on integrating the two companies into one, delivering on the product roadmap while also investing in long term growth.

“It’s been incredible seeing the work of the teams over the last nine months, as they are really coming together as one. Marshall Group’s commitment to guitarists, supporting musicians and investing in our UK manufacturing is as strong as ever. I’m really excited about the future for Marshall,” says Terry Marshall, Board member, Marshall Group. 

The Marshall Group 2023 annual report will be published later this spring. 

For more information, please contact:
Frida Calderon, Senior Communications Manager, Marshall Group
press@marshall.com 

About Marshall Group
Marshall Group is the audio, tech and design powerhouse uniting musicians and music lovers through genre-breaking innovation. We are home to Marshall, Natal Drums, Urbanears, and adidas headphones. We gather around 800 highly talented people across 8 global locations and our products are sold in over 90 markets worldwide. Visit group.marshall.com for more information.

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Marshall Group Year-End – Press release_Final.pdf

https://news.cision.com/marshall-group/i/marshall-middleton,c3267678

Marshall Middleton

https://news.cision.com/marshall-group/i/marshall-studio-jtm,c3267673

Marshall Studio JTM

https://news.cision.com/marshall-group/i/marshall-studio-jtm,c3267671

Marshall Studio JTM

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Marshall Middleton

https://news.cision.com/marshall-group/i/marshall-studio-jtm,c3267674

Marshall Studio JTM

https://news.cision.com/marshall-group/i/marshall-middleton,c3267675

Marshall Middleton

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Marshall Middleton

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Marshall murals

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Marshall Middleton

 

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Ishan Technologies Wins Frost & Sullivan’s 2024 Emerging Company of the Year Award in Network Services

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AHMEDABAD, India, Jan. 13, 2025 /PRNewswire/ — Ishan Technologies, a leading ICT company specializing in system integration, network services, data center, cloud solutions, and cybersecurity, has been honored with the 2024 India Network Services Emerging Company of the Year Award by Frost & Sullivan. This prestigious recognition highlights Ishan Technologies’ exceptional performance and contribution to the network services industry over the past year.

Ishan Technologies has consistently demonstrated excellence through innovative solutions, customer-focused services, and a strong commitment to delivering value to its clients. By enabling businesses to thrive with reliable network services, the company has solidified its position as a key player in the Indian ICT sector.

On receiving the award, Mr. Pinkesh Kotecha, Chairman and Managing Director of Ishan Technologies, said, “We are truly honored to receive the 2024 India Network Services Emerging Company of the Year Award from Frost & Sullivan. At Ishan Technologies, we strive to stay ahead of the curve, continuously evolving to meet the dynamic needs of the ICT landscape. This award motivates us to further our commitment to innovation, sustainability, and exceptional customer experiences. We extend our heartfelt gratitude to Frost & Sullivan for acknowledging our efforts and to our employees, customers, and stakeholders for their unwavering support.”

The Frost & Sullivan Best Practices Awards recognize industry leaders who set benchmarks through their unique strategies and impactful contributions. Recipients are identified through comprehensive research and evaluation based on criteria such as market disruption, competitive differentiation, leadership, customer experience, and brand equity.

“Ishan Technologies has expanded its operations across 100+ locations in India, addressing the critical network and cloud connectivity challenges faced in industry. By partnering with Google Cloud for secure service access and Versa Networks for AI/ML-powered SASE solutions, they ensure the availability of 99.99% and provide enhanced network performance. These collaborations focus on secure, high-speed broadband, network connectivity, and cloud services, driving business growth, security, and digital transformation across India,” said Sapan Agarwal, Global Senior Vice President, Frost & Sullivan.

About Ishan Technologies

Ishan Technologies is a leading ICT provider with a pan-India presence, specializing in communication, network, cloud, and cybersecurity solutions. With over 20 years of experience, it is known for its expertise in system integration, data center services, and ISP capabilities, providing cutting-edge solutions that empower businesses to thrive in the digital age. With over two decades of experience and a commitment to innovation, Ishan continues to drive digital transformation for its clients across India.

For more information about Ishan Technologies, please visit our website www.ishantechnologies.com.

 

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Huawei Unveils a New Era of Foldable Excellence at ‘Unfold the Classic’ Launch in Dubai

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DUBAI, UAE, Jan. 13, 2025 /PRNewswire/ — Huawei Consumer Business Group unveiled several highly anticipated products that ushers in a new era of flagship foldable excellence, as part of the “Unfold the Classic” HUAWEI Flagship Product Launch held in Dubai on December 12.

 

Amongst the brand new innovations include the HUAWEI Mate X6, HUAWEI nova 13 series, HUAWEI FreeBuds Pro 4, HUAWEI FreeClip Rose Gold and HUAWEI MatePad 11.5. This comprehensive suite of products represents a new era of flagship innovation, showcasing Huawei’s commitment to continuous advancement and elevating consumer engagement.

HUAWEI Mate X6: Makes a Stunning Global Debut

Headlining the HUAWEI Flagship Product Launch event is the next generation of their Mate series foldables, the HUAWEI Mate X6. An all-rounded and advanced smartphone that brings significant upgrades to display, camera, durability, user experience, and more.

HUAWEI Mate X6’s Space-Age Orbit around the camera layout gets inspiration from planetary orbits, symbolizing the infinite possibility of the future. The exclusive Nebula Gray edition is named after its nebula texture, smooth to the touch, which is crafted via Micro-Nano 3D Topography using an innovative material called Vegan Fiber. The HUAWEI Mate X6 is also available in Nebula Red and Black.

An innovative distributed architecture delivers a huge leap in HUAWEI Mate X6’s network, cooling, and durability.

The incredible camera system features a new Ultra Chroma Camera with 1.50 million spectral channels, a 50 MP Ultra Aperture Camera that supports a 10-size physical aperture, a 40 MP ultra-wide-angle camera, and a 48 MP telephoto micro camera, enabling breakthrough foldable photography.

HUAWEI Mate X6 introduces Live Multi-task, a new way to multi-task efficiently. With this feature, users can run three applications simultaneously with the screen unfolded in an expanded view.

HUAWEI XMAGE Dubai Gala: A Heartwarming World

Starting from Dubai on 9th May, after stops in Kuala Lumpur, Mexico City, Hong Kong, Shanghai, Shenzhen and Istanbul, A Heartwarming World — HUAWEI XMAGE Dubai Gala is the conclusion of the HUAWEI XMAGE worldwide shows in 2024. It showcased this year’s extraordinary winning works, which inspire consumers to use innovative HUAWEI products to create, to capture, and to challenge.

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Pricer and Focal Systems Announce Strategic Collaboration to Drive the Next Step in Physical Store Digitalization

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Pricer, a global leader in digital shelf-edge solutions, and Focal Systems, a leader in shelf-edge AI, today announced a strategic collaboration to accelerate the digitization and optimization of the physical store for retailers worldwide.

STOCKHOLM, Jan. 13, 2025 /PRNewswire/ — This collaboration brings together Pricer’s innovations in dynamic pricing and shelf-edge communication with Focal Systems’ advanced computer vision and product availability solutions to maximize shopper satisfaction while optimizing retail operations.

As a pioneer in enabling dynamic pricing and digitizing shelf-edge shopper communication, Pricer has led the first step of the retail digitalization journey. Focal Systems has pioneered the application of computer vision to digitizing what products are available on-shelf or not in near real-time. Together, Pricer and Focal Systems will empower retailers to improve labor efficiency, reduce out-of-stocks, increase sales, and enhance shopper satisfaction like never before.

Enhancing the Shelf Edge Through Collaboration

By integrating Focal Systems’ AI-powered shelf vision cameras with Pricer’s leading electronic shelf label (ESL) platform, retailers will benefit from:

Real-Time Shelf Insights: Automated detection and alerting of out-of-stock or low items powering rapid replenishment and increased shopper satisfactionDynamic Task Automation: Streamlined workflows and prioritized tasks to improve operational efficiency for store staff.Patented Innovation: Camera-based out of stock detection and communication, flashing ESLs, alternate location communication.Seamless Integration: Standardized API connections that deliver out-of-the-box value, offering synchronized ESL flashes, messaging updates, and shelf-edge intelligence.

Together, Pricer and Focal Systems demonstrate that the combined offerings deliver measurable value for the retailers by enabling a fully digitalized shelf-edge ecosystem.

Strategic Collaboration for the Future of Retail

“We are proud to combine our leadership in ESL technology with Focal Systems’ AI-powered shelf vision,” said Chris Chalkitis, CDO at Pricer. “Both companies share a belief in the digitalization of the physical store. Pricer has been a pioneer in dynamic pricing and shelf-edge communication. With Focal Systems, we take the next step, digitizing what’s on the shelf – and what’s not – to drive greater efficiency and performance for retailers.”

Focal Systems’ AI technology transforms retail operations through real-time shelf monitoring and replenishment task optimization.

“Partnering with Pricer, a global leader with groundbreaking ESL technology and innovation, creates tremendous value for retailers,” said Kevin H. Johnson, CEO at Focal Systems. “Together, we deliver an integrated, data-driven solution that reduces operational complexity, automates workflows, and enhances the in-store experience. We look forward to demonstrating this powerful collaboration to retailers and their customers.”

Showcasing the Future at NRF 2025

The collaboration will officially debut at the National Retail Federation (NRF) Big Show in January 2025, where Pricer and Focal Systems will showcase the integrated solution at Pricer’s booth. This marks the beginning of an exciting journey to redefine the shelf edge and set new standards for retail innovation.

For further information, please contact:
Chris Chalkitis, Chief Digital Officer, +46 70 4849812
Finn Wikander, Chief Product Officer, +46 705 233077
info@pricer.com

About Pricer

Pricer is a leading global provider of digital shelf-edge solutions, helping retailers optimize pricing, improve operational efficiency, and enhance the customer experience. With patented innovations like camera-based product identification by ESL, Pricer continues to set the standard for dynamic, intelligent shelf-edge solutions. For more information, visit www.pricer.com.

About Focal Systems

Focal Systems is a leading provider of AI-powered computer vision solutions, helping retailers automate operations and optimize product availability through real-time shelf monitoring. Its advanced technology delivers actionable insights that drive efficiency and profitability. For more information, visit www.focal.systems.

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