Profoto Holding Ab · OMXSTO:PRFO
Profoto Holding Ab — Q4 2024 Earnings Presentation
15 slides from Profoto Holding Ab's earnings presentation, Feb 12, 2025
Slide 1: Successful product launches in a still challenging market
Successful product launches in a still challenging market Profoto Q4 report 2024 12th February, 2025 1 Photo credit: Blair Bunting
Slide 2: Today's speakers
Today's speakers CEO Acting CFO Head of IR Anders Hedebark Linus Marmstedt Amanda Åström anders.hedebark@profoto.com linus.marmstedt@profoto.com amanda.astrom@profoto.com 2
Slide 3: Highlights Q4 2024
Highlights Q4 2024 • Net sales dropped by 2 percent to SEK 200. Organic sales decreased by 3 percent. • Adj. EBIT was SEK 52m (51), corresponding to an EBIT margin of 26 percent (25). • EBIT was SEK 57m (51), corresponding to an EBIT margin of 29 percent (25). • Launched D30 and Pro-B3. • Launching
Slide 4: Great market opportunities
Great market opportunities • Great opportunities in the Cinema lighting market with L1600D and future product launches. • Great opportunity with L1600D for large still photography studios. • Great opportunities with flash products Insert picture in a stable still photography market. • Possible oppor
Slide 5: Strong correlation between product launches and sales growth
Strong correlation between product launches and sales growth Net sales, SEKm Average 0.5 product launches Average 2 product launches per year per year 3 launches Founded 1968 2001 2005 2010 2011 2012 2013 2014 2015 2016 2017 2018 2019 2020 2021 2022 2023 2024
Slide 6: Updating our product offering with 3 products in 2024 and LED portfolio
Updating our product offering with 3 products in 2024 and LED portfolio Studio lights OCF lights Clic LED Pro-B3 D30 A2 L1600D Pro-D3 B10X Plus Full range LED portfolio A10 Pro-11 B10X New product launches in 2024 6
Slide 7: Continuing high investments in new product launches for future growth
Continuing high investments in new product launches for future growth R&D Spend, SEKm R&D Spend/Net sales, % 16% 13% 11% 11% 121 10% 9% 99 7% 85 77 78 56 51 2018 2019 2020 2021 2022 2023 2024 7
Slide 8: Entering the cinema lighting market
Entering the cinema lighting market • Launching L1600D in Q1 2025 - first product within the cinema lighting market. • Key staff in London and LA hired. • Full range of products will be launched. • We will invest in marketing, mainly trade shows in 2025. • We will grow our dealer network slightly wi
Slide 9: Profitable quarter driven by successful product launches Q4 2024
Profitable quarter driven by successful product launches Q4 2024 35% 31% 28% Adj. EBIT Q4 26% 25% 26% SEK 52m (51) +2%1 20% 20% 19% 18% 235 230 229 204 196 200 182 172 171 164 Net sales Q4 Adj. EBIT SEK 200m (204) margin Q4 -2%2 26% (25%) Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2 Q3 Q4 2022 2023 2024 Sales Adj. EBIT
Slide 10: Growth in Americas and EMEA offset by decline in APAC
Growth in Americas and EMEA offset by decline in APAC 204 200 6% EMEA 72 76 Americas 85 4% 88 APAC 47 -24% 35 Q4 2023 Q4 2024 Photo credit: Ahmad Barber + Donté Maurice 10 Photo credit: Matt Braiser
Slide 11: Stable sales and EBIT margin and continuing investments in product development
Stable sales and EBIT margin and continuing investments in product development 2024 full year 31% 30% 30% 29% 29% 26% Adj. EBIT 2024 881 876 23% 21% 21% 21% 848 SEK 153m (204) 836 813 787 742 734 -24%1 729 731 Net sales 2024 Adj. EBIT SEK 731m (787) margin 2024 -7%2 21% (26) Q3 Q4 Q1 Q2 Q3 Q4 Q1 Q2
Slide 12: Remain committed to our financial targets
Remain committed to our financial targets Target 2024 2023 EBIT margin 25-30% 23% 26% Organic sales growth 10% -7% -13% Dividend policy > 50% 63% 97% 12
Slide 13: Questions
Questions 13 Photo credit: Edward Alba
Slide 14: First quarter report – May 9, 2025
First quarter report – May 9, 2025 Head of IR Amanda Åström 14 amanda.astrom@profoto.com 14
Slide 15: Profoto – The light shaping company
(#)Profoto The light shaping company™