Profoto Holding AB Returns to Profitability in Q3 Supported by Tariff Refund
Profoto Holding AB (OMXSTO:PRFO) returned to profitability in the third quarter of 2026 as net sales grew 7.9 percent year-over-year to SEK 128 million, up from SEK 119 million in the prior-year period. Organic sales growth reached 7.7 percent, driven by expansion in the Americas and EMEA regions. Operating profit rose to SEK 19 million, recovering from a loss of SEK 57 million a year earlier, while net profit reached SEK 14 million. The company's stock jumped 10.00 percent to 6.6 SEK following the report.
Earnings during the quarter received a major boost from a SEK 15 million refund of U.S. tariffs. Strict cost controls and higher sales also supported the profit recovery. Regionally, organic sales in the Americas jumped 20.2 percent to SEK 54 million, while EMEA sales rose 14.6 percent to SEK 48 million. However, APAC organic sales dropped 21.1 percent to SEK 26 million due to lower economic activity in China. Profoto strengthened its financial position, reducing its net debt to SEK 151 million and lowering its net debt to EBITDA leverage ratio to 1.2.
Looking ahead, management expects market conditions to remain challenging with intense global competition and cautious sentiment in markets like Canada and China. Investors will be monitoring the commercial adoption of the company's new Profoto ProPanel LED product across professional productions, alongside performance in its core customer segments of Studios, Creators, and Cinema.
Key points
- Net sales increased 7.9 percent to SEK 128 million in Q3 2026, with organic growth reaching 7.7 percent.
- Operating profit reached SEK 19 million in Q3, up from a SEK 57 million loss in the prior-year period.
- Earnings were boosted by a SEK 15 million refund of U.S. tariffs during the quarter.
- Organic sales rose 20.2 percent in the Americas and 14.6 percent in EMEA, but fell 21.1 percent in APAC.
- Net debt decreased to SEK 151 million, reducing the net debt to EBITDA leverage ratio to 1.2.
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What were Profoto Holding AB's Q3 2026 sales?
Profoto Holding AB reported net sales of SEK 128 million for the third quarter of 2026, an increase of 7.9 percent compared to SEK 119 million in the same period of 2025.
Why did Profoto Holding AB's earnings improve in Q3 2026?
The earnings recovery was driven by higher sales, continued cost control, and a positive impact from a SEK 15 million U.S. tariff refund. Operating profit reached SEK 19 million, compared to a loss of SEK 57 million a year earlier.
How did regional sales perform for Profoto in Q3 2026?
Organic sales grew 20.2 percent in the Americas to SEK 54 million and 14.6 percent in EMEA to SEK 48 million, but dropped 21.1 percent in APAC to SEK 26 million due to economic weakness in China.