Sweden's Profoto Q1 net sales fall on negative currency effects

Profoto Holding AB (publ)

06/05/2026 07:11

Overview

Sweden lighting equipment maker's Q1 net sales fell 9.5% yr/yr on negative currency effects

Adjusted EBIT was unchanged yr/yr, while profit for the period rose to SEK 12 mln

Company cites cost control and favorable product mix for stable result in challenging market

Outlook

Profoto expects a slightly higher cost base due to new product launches and sales investments

Company anticipates some financial impact from Profoto ProPanel 3x2 launch in Q2

Profoto describes sales outlook as cautiously positive amid continued challenging market conditions

Result Drivers

COST CONTROL - Co said stable result was due to lower personnel and external costs, following efficiency measures in 2025

PRODUCT MIX - Co said favorable product mix contributed positively to result

REGIONAL SALES VARIATION - Americas saw positive organic growth while EMEA and APAC posted declines; overall organic growth was slightly positive

Company press release: ID:nMFN6RVRxY

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Sales
Miss
SEK 149 mln
SEK 160.20 mln (1 Analyst)
Q1 EPS
SEK 0.30
Q1 Net Income
SEK 12 mln
Q1 Adjusted EBIT
SEK 17 mln
Q1 Adjusted EBIT Margin
11.30%
Q1 EBITDA
SEK 36 mln


Analyst Coverage

The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 1 "strong buy" or "buy", 1 "hold" and no "sell" or "strong sell"

The average consensus recommendation for the household electronics peer group is "buy"

Wall Street's median 12-month price target for Profoto Holding AB (publ) is SEK20.00, about 167.4% above its May 5 closing price of SEK7.48

The stock recently traded at 4 times the next 12-month earnings vs. a P/E of 5 three months ago

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.)