Slides
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Photo text Bold 32 pt 1 Sales growth with significant geographic variations Profoto Q3 report 2026 October 20, 2026
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Headline 40 pt Additional text area 26 pt Today's speakers Anders Hedebark anders.hedebark @profoto.com CEO 2 Linus Marmstedt linus.marmstedt@profoto.com CFO
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Additional text area Regular Max 20 pt Min 16 pt Headline Bold 32 pt 3 • Net sales increase by 7.9 percent to SEK 128m (119). Organic growth was 7.7 percent. Currency effect was 0.2 percent. o Sales development varied across the regions. Americas in particular had a quarter of strong organic growth, whereas sales in APAC declined. • EBIT was SEK 19m ( − 57 ), corresponding to an EBIT margin of 15 percent ( −48 ). o EBIT was positively impacted by higher sales, lower costs and a refund of tariff s in the US. • Tariff refund in US of approx. SEK 15m accounted for as positive COGS. • Continued strong cost control and stable cash flow from operating activities. • Profoto ProPanel sales continues according to plan. o ProPanel being used on several productions worldwide. Q3 2026 summary Photo credit: Ian Doan
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Photo text Bold 32 pt 4 VON FERSEN’S
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Headline Bold 32 pt Text area Regular Max 20 pt Min 16 pt • Americas see organic growth of 20 percent: o Weak comparables but also good development of some larger customers. • Organic growth in EMEA of 15 percent. • Regional variations in APAC shift: o Slow down compared to previous quarters in China whilst Japan shows strength with large LED orders. Varied performance across the regions – positive organic growth in Americas and EMEA whilst APAC slowed down in the quarter 5 33 26 42 48 44 54 Q3 2025 Q3 2026 119 128 +8% Americas EMEA APAC Americas EMEA APAC Group Organic growth 20.2% 14.6% − 21.1% 7.7% Currency effect 1.5% 0.6% 1.3% 0.2% Total change 21.7% 15.2% − 19.8 % 7.9%
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Headline Bold 32 pt Text area Regular Max 20 pt Min 16 pt EBIT at SEK 19m - positively affected by tariff refund in US of SEK 15m Net sales Q3 SEK 128(119) 7.9% 1 EBIT Q3 SEK 19( − 57) 2 EBIT margin Q3 14.6% ( − 47.9) 2 1. Organic growth 7.7%. 2. Adjustments were made in Q3 2025 and amounted to SEK 47m, related to impairment of intangible assets of SEK 41m and restructuring costs of SEK 6m. Adjusted EBIT was SEK − 1 0m and adjusted EBIT margin was − 8 % 6 164 18% Q3 200 26% Q4 164 10% Q1 171 11% Q2 119 - 8% Q3 163 10% Q4 149 11% Q1 142 0% Q2 Q3 128 15% Sales Adj. EBIT margin 2024 2025 2026
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Headline Bold 32 pt Text area Regular Max 20 pt Min 16 pt Low costs in Q3 partly explained by seasonality Q3 2024 Q4 2024 Q1 2025 Q2 2025 2,3 Q3 2025 2 Q4 2025 2 Q1 2026 Q2 2026 Q3 2024 89 111 105 95 82 75 73 78 66 - 41% Expenses 1 • Strong cost control remains but low Q3 costs also partly explained by seasonality . • Somewhat higher costs expected in the coming quarter mainly related to marketing . 1. Personnel costs and other external costs, 2. Legal costs of SEK 7m invoiced in Q4 2025 period allocated in Q2 - Q4 2025 3. SEK 3m adjusted for reorganization in Dutch subsidiary 7
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Headline Bold 32 pt Text area Regular Max 20 pt Min 16 pt Positive operating cash flow and overall solid financial position thanks to strong cost control and tariff refund 208 181 167 169 151 Q3 2025 Q4 2025 Q1 2026 Q2 2026 Q3 2025 - 27% Net debt • Operating cash flow is positive. o Operating cash flow in Q3 2026 SEK 25m (35), including SEK 15m in tariff refund. • Net debt decrease compared to previous year to SEK 151m (208), and Net debt/EBITDA go from 1.5 to 1.2. 8
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Headline Bold 32 pt Text area Regular Max 20 pt Min 16 pt • Strong organic growth in Americas and EMEA – APAC decline. • Result positively affected by stronger sales, lower costs and a refund of tariffs in US. • Profoto ProPanel launch progressing according to plan. • Cost control remains tight. • Solid financial position and positive operating cash flow. To summarize Photo credit: Joyce Charat Photo credit: Julian Apruzzese
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Headline 40 pt Additional text area 26 pt Questions 10 Photo credit: Lindsay Adler
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Headline 40 pt Additional text area 26 pt Year - end report , February 11, 2027 11 11 Linus Marmstedt linus.marmstedt@profoto.com CFO
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