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

Investor webinar replay

Replay transcript excerpt

Welcome to the Profoto Q2 2026 report presentation. For the first part of the presentation, participants will be in listen-only mode. During the questions and answers session, participants are able to ask questions by dialing pound key 5 on their telephone keypad. Now, I will hand the conference over to CEO Anders Hedebark and CFO Linus Marmsted. Please go ahead. Thank you. Welcome everyone. Thank you for listening in to the second quarter presentation of Profoto. Yes, we had a tough quarter. The market conditions were tough and cautious and it resulted in a weak quarter for us, the second quarter. To summarize the quarter, our net sales decreased by 17%, 242 million, and the organic growth, taking the currency effect into consideration, was 14%. We had negative sales development in basically all regions, especially in Europe. EMEA was a weak quarter and we had continuing high uncertainty in the market. This resulted in an EBIT level of zero, so no profit, but also no loss. And the deterioration in the EBIT is only because of the lower sales, even though we had lower costs compared to previous year. And this is based on that we are continuing to obviously having a stronger cost control and resulting in a stable cash flow from operating activities and more of that from Linus later on in the presentation. On the good side, the PRO Panel, we had a good, positive first initial reception in the market, and we see the rental companies that have invested in the product, they are seeing that the product is moving in rental. We are continuing more of launch activities, and I will come back on that. So, talk more about it in more detail on the panel. We are doing as we planned. It is important to us to get into the cinema side of the lighting business, and this is really stren...