Brief: Profoto Holding Expects To Start Seeing Results Of Investments In Coming Quarters

Profoto Holding AB (publ)

24/10/2024 07:51

Oct 24 (Reuters) - Profoto Holding AB (publ)  PRFO.ST :
    * IN Q3, WE SAW A CONTINUED CHALLENGING MARKET SITUATION
COMBINED
WITH A QUARTER WITHOUT MAJOR PRODUCT LAUNCHES
    * UNDERLYING DEMAND FOR OUR PRODUCTS REMAINS SUBDUED IN ALL
OUR
REGIONS
    * BUSINESS IN NORTH AMERICA SHOWED POSITIVE DEVELOPMENT
DURING
QUARTER, PRIMARILY DUE TO SELECTIVE PRODUCT-SPECIFIC MARKETING
ACTIVITIES
    * EXPECT TO START SEEING RESULTS OF INVESTMENTS IN COMING
QUARTERS
    * MACROECONOMIC CONDITIONS REMAIN UNCERTAIN, WHICH HAS A
DIRECT
IMPACT ON UNDERLYING DEMAND AND THUS OUR PROFITABILITY

Source text for Eikon:  ID:nMFN392Y6L 
Further company coverage:  PRFO.ST 

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