Sweden's Profoto Q3 earnings improve on lower costs and refund of US tariffs

By Reuters News


Overview

  • Sweden lighting equipment maker's Q3 net sales rose 7.9% yr/yr, driven by organic growth

  • Earnings improved, helped by SEK 15 mln U.S. tariff refund and lower costs

  • Company saw strong sales growth in Americas and EMEA, offset by APAC decline


Outlook

  • Company says market conditions remain challenging with strong global competition

  • Profoto does not expect any rapid change in market sentiment

  • Company expects Profoto ProPanel to contribute to sales over time as adoption increases


Result Drivers

  • TARIFF REFUND - Earnings were positively impacted by a SEK 15 mln refund of U.S. tariffs

  • COST CONTROL - Improved earnings were driven by lower costs, thanks to continued strong cost control

  • PRODUCT DEVELOPMENT - Launch of Profoto ProPanel LED-panel is progressing as planned and is being used in productions worldwide


Company press release:


Key Details

Metric

Beat/Miss

Actual

Consensus Estimate

Q3 Sales

SEK 128 mln

Q3 EPS

SEK 0.36

Q3 Net Income

SEK 14 mln

Q3 Adjusted EBIT

SEK 19 mln

Q3 Adjusted EBIT Margin

14.60%

Q3 EBITDA

SEK 40 mln


Reuters Recommended Reads

  • Oct 20 - Sweden's Tele2 Q3 sales rise on service revenue growth, cuts guidance

  • Oct 20 - Sweden's Scandi Standard Q3 revenue rises on strong chicken demand

  • Oct 19 - Sweden's Truecaller preliminary Q3 net sales rise 3% yr/yr


For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact reuters.support@thomsonreuters.com.


(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)

Capital.com is an execution-only brokerage platform and the content provided on the Capital.com website is intended for informational purposes only and should not be regarded as an offer to sell or a solicitation of an offer to buy the products or securities to which it applies. No representation or warranty is given as to the accuracy or completeness of the information provided.

The information provided does not constitute investment advice nor take into account the individual financial circumstances or objectives of any investor. Any information that may be provided relating to past performance is not a reliable indicator of future results or performance.

To the extent permitted by law, in no event shall Capital.com (or any affiliate or employee) have any liability for any loss arising from the use of the information provided. Any person acting on the information does so entirely at their own risk.

Any information which could be construed as “investment research” has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication.