Brief: Profoto Withdraws Dividend Proposal, Flags Significant Decline In Sales In US

Profoto Holding AB (publ)

15/04/2025 08:18

April 15 (Reuters) - Profoto Holding AB (publ) PRFO.ST:

IS AFFECTED BY ECONOMIC UNCERTAINTY IN THE US. EARLIER DIVIDEND PROPOSAL WITHDRAWN WHILE SHARE BUYBACK PROPOSAL REMAINS

Q1 PRELIMINARY SALES AMOUNTED TO SEK 164M (171)

Q1 PRELIMINARY EBIT WAS SEK 17M (34)

RESULT IS AFFECTED BY SIGNIFICANT DECLINE IN SALES IN US, MAINLY DUE TO CURRENT ECONOMIC SITUATION

SPECIFICALLY, RETAILERS HAVE BECOME CAUTIOUS AS MANY CUSTOMERS HAVE HELD OFF ON PLACING ORDERS

Source text: ID:nMFNb5vJZQ

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