Profoto Holding AB (publ) (PRFO) Q4 2024 Earnings Call

Investor webinar replay

Replay transcript excerpt

Good morning, and welcome to Profotos Q4 in year-end telco. My name is Amanda Åström, and I'm head of investor relations. Today I have with me our CEO, Anders Hedebark, and our acting CFO, Linus Malmstedt. I will start off by handing over to Anders, who will start off by giving some highlights for the quarter. Good morning, everyone. Thank you for listening in. The fourth quarter last year, sales dropped by 2% and organically 3%. Our EBIT was 52 million with an EBIT margin of 26%. However, the EBIT non-adjusted was 57 million, and Linus, you will develop on that further down in the presentation. We launched fantastic products, actually, during the quarter, the D30 and the Probe B3. And now, just after our report, we are launching L1600D next week, and we're showing it on on a trade show in London from Friday and onwards. So we see great opportunities in the market. As you all know, Profoto is the premium product in lighting for still photography. And we now are trying to enter the market of cinema lighting And our first product is the L1600D that we have worked on for a couple of years. And we have more to come towards the end of the year to actually be able to offer a full product line for the cinema lighting market. We also see actually the same product great potential in selling it to existing large still photography studios, so to existing customers. But we have also updated our product lines for still photography and those products are also well received in the market. The other thing is that we get a lot of questions about artificial intelligence. I also got that question on the Dagens Industri TV call earlier on today. Light shaping has never been more relevant now than ever before. And Profoto has been forced to adapt to technology shifts a couple of times du...