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

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WEBVTT 00:00:01.263 -- 00:00:06.511 Welcome and thank you for listening in to our Q4 report for 2025. 00:00:06.511 -- 00:00:08.234 We 00:00:08.234 -- 00:00:13.281 were acting in a challenging market, still challenging market, but we 00:00:13.281 -- 00:00:18.466 combine that with high own activity in sales and marketing. 00:00:18.870 -- 00:00:24.955 So I'm talking, my name is Anders Hedebark and with me here I have Linus Malmstedt. 00:00:24.955 -- 00:00:30.023 So as a summary for Q4 last year, our 00:00:30.023 -- 00:00:34.426 net sales decreased 19% to 163 00:00:34.990 -- 00:00:41.100 million compared with a very strong actually quarter for 2024. 00:00:41.100 -- 00:00:45.847 Half of that decrease is based on the currency effect. 00:00:45.847 -- 00:00:50.975 And even though we had a Q4, we had a recovery 00:00:50.975 -- 00:00:53.876 from a weak Q3, 00:00:54.800 -- 00:00:59.187 we still had a lot of challenges in the American market. 00:00:59.187 -- 00:01:04.655 So in the US especially, but in general in North America, 00:01:04.655 -- 00:01:08.137 the market was very, very tough. 00:01:08.476 -- 00:01:13.542 Our EBIT was 16 million Swedish crown. That is 10% 00:01:13.542 -- 00:01:16.285 EBIT margin. 00:01:16.285 -- 00:01:21.391 But the result is mainly, as you understand, affected by the negative sales trend. 00:01:21.391 -- 00:01:25.476 But we combine that with lowering the cost during the year. 00:01:25.476 -- 00:01:29.438 So we still manage a 10% EBIT 00:01:30.602 -- 00:01:35.701 profit margin. Also, we had a legal cost level of 00:01:35.701 -- 00:01:38.046 7 million, 00:01:38.046 -- 00:01:43.559 which was incurred Q2 to Q4, but was only invoiced in Q4. 00:01:43.559 -- 00:01:49.162 And that put pressure on especially the EBIT for the quarter. 00:01:49.162 -- 00:01:54...