Sweden · Delayed Price · Currency is SEK Profoto Holding AB Earnings Call Transcripts
Fiscal Year 2026
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Organic growth was 1% year-over-year, but reported sales fell 10% due to currency effects. EBIT margin improved to 11% on strong cost control, and the new ProPanel product began shipping, with broader impact expected in Q2.
Fiscal Year 2025
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Q4 2025 saw a 19% sales decline and a 10% EBIT margin, with strong cash flow and reduced net debt. New LED products and increased market activity aim to drive growth in 2026, while updated targets focus on 5%+ organic growth and a 20% EBIT margin.
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Sales dropped 28% year-over-year due to weak demand and US tariffs, resulting in a SEK 10 million EBIT loss. Cost reductions and a shift to LED products are underway, with new product launches expected to impact sales by next year.
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Net sales fell 13% year-over-year in Q2 2025, with EBIT down 50% due to lower sales, product mix, and launch costs. Cost reductions are underway, with full effects expected next year, while market sentiment remains cautious amid tariff uncertainties.
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Net sales declined 4% year-over-year due to weak U.S. demand, with EBIT margin at 10%. Cost reductions and a focus on new LED product launches are underway, while dividend plans are replaced by share buybacks amid ongoing market uncertainty.
Fiscal Year 2024
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Q4 sales and EBIT remained stable year-over-year, with a 26% EBIT margin, despite a 7% full-year sales drop and margin decline. New product launches and entry into cinema lighting aim to offset weak demand in Asia and increased competition, while high R&D investment continues.
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Net sales declined 4% year-over-year, with adjusted EBIT down to SEK 30 million and an 18% margin. R&D investment remains high, new product launches are expected, and the US market showed some resilience while Asia, especially China, saw sharp declines.
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Organic sales grew 8% year-over-year, driven by successful new product launches, though EBIT margins were pressured by increased R&D and marketing investments. APAC and EMEA regions saw strong growth, and management remains committed to long-term financial targets.