Profoto (PRFO) Q3 2026 earnings summary

Executive summary

• Q3 net sales rose 7.9% YoY to SEK 128m, with 7.7% organic growth; Americas and EMEA growth was offset by an APAC decline.

• Nine-month sales fell 7.7% to SEK 419m, while EBITDA rose to SEK 96m and EBIT improved to SEK 35m from a SEK 22m loss.

Financial highlights

• Reported Q3 EBIT was SEK 19m, with a 14.6% margin; a SEK 15m U.S. tariff refund benefited COGS and EBIT. Adjusted EBIT was just over SEK 4m, with a 3% margin.

• Q3 EBITDA was SEK 40m, with a 30.9% margin; profit was SEK 14m and EPS was SEK 0.36.

• Q3 2025 included SEK 47m of adjustments, including SEK 41m of intangible-asset impairment and SEK 6m of restructuring; adjusted EBIT was -SEK 10m.

• Underlying Q3 costs were SEK 66m; personnel and external expenses were low partly due to seasonality, with cost control continuing.

Segment performance

• Americas organic growth was 20.2% (total growth 21.7%); EMEA organic growth was 14.6% (total growth 15.2%).

• APAC organic sales fell 21.1% (total decline 19.8%), reflecting lower economic activity and soft sentiment in China.

• Japan benefited from several large LED orders; Canada weighed on Americas, while some major customers showed positive trends.

• Creator demand was stable and growing; photographic studio sales were seasonally weak, with studios increasingly investing in LED and hybrid production.