Profoto Holding AB (publ) (PRFO) Q4 2025 Earnings Call

Investor webinar replay

Replay transcript excerpt

Welcome and thank you for listening in to our Q4 report for 2025. We were acting in a challenging market, still challenging market, but we combine that with high own activity in sales and marketing. So I'm talking, my name is Anders Hedebark and with me here I have Linus Malmstedt. So as a summary for Q4 last year, our net sales decreased 19% to 163 million compared with a very strong actually quarter for 2024. Half of that decrease is based on the currency effect. And even though we had a Q4, we had a recovery from a weak Q3, we still had a lot of challenges in the American market. So in the US especially, but in general in North America, the market was very, very tough. Our EBIT was 16 million Swedish crown. That is 10% EBIT margin. But the result is mainly, as you understand, affected by the negative sales trend. But we combine that with lowering the cost during the year. So we still manage a 10% EBIT profit margin. Also, we had a legal cost level of 7 million, which was incurred Q2 to Q4, but was only invoiced in Q4. And that put pressure on especially the EBIT for the quarter. Our activities is very much higher, was very much higher than usual during the quarter. And in the end of the quarter, we started selling and invoicing our LED products. Generally, the activities in marketing and sales was very high and is continuing to be on a high level for Q1 as well. So we have for a very long time talked about starting to sell products to the continuous light market for video still and also for photography. So during the end of the quarter, we started to ship our L1600D, 600C and L600D. And all of those products are positioned to both cinema as well as the creator market. And I will talk more about that in a second. We see some sales impact, even though it is rather s...