Profoto Holding AB (publ) (PRFO) Q2 2026 Earnings Call

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WEBVTT 00:00:00.031 -- 00:00:04.234 Welcome to the Profoto Q2 2026 report presentation. 00:00:04.234 -- 00:00:08.357 For the first part of the presentation, participants will be in listen-only mode. 00:00:08.357 -- 00:00:12.740 During the questions and answers session, participants are able to ask questions by dialing 00:00:12.740 -- 00:00:17.764 pound key 5 on their telephone keypad. Now, I will hand the conference over to 00:00:17.764 -- 00:00:21.586 CEO Anders Hedebark and CFO Linus Marmsted. 00:00:21.586 -- 00:00:23.757 Please go ahead. 00:00:23.757 -- 00:00:28.820 Thank you. Welcome everyone. Thank you for listening in to the second 00:00:28.820 -- 00:00:31.961 quarter presentation of Profoto. 00:00:31.962 -- 00:00:37.786 Yes, we had a tough quarter. The market conditions were 00:00:37.786 -- 00:00:42.990 tough and cautious and it resulted in a weak quarter 00:00:42.990 -- 00:00:46.460 for us, the second quarter. 00:00:46.460 -- 00:00:51.542 To summarize the quarter, our net sales decreased by 17%, 00:00:51.563 -- 00:00:54.245 242 million, 00:00:54.245 -- 00:00:59.248 and the organic growth, taking the currency effect into consideration, 00:00:59.248 -- 00:01:01.928 was 14%. 00:01:02.667 -- 00:01:08.069 We had negative sales development in basically all regions, 00:01:08.069 -- 00:01:10.790 especially in Europe. EMEA 00:01:10.790 -- 00:01:16.432 was a weak quarter and we had continuing high uncertainty 00:01:16.432 -- 00:01:18.532 in the market. 00:01:18.532 -- 00:01:23.774 This resulted in an EBIT level of zero, so no profit, 00:01:23.774 -- 00:01:26.974 but also no loss. 00:01:27.992 -- 00:01:33.635 And the deterioration in the EBIT is only because of 00:01:33.635 -- 00:01:38.778 the lower sales, even though we had lower costs compared to previous 00:01:38.778...