Profoto Holding AB Reports Earnings Results for the Second Quarter and Six Months Ended June 30, 2024
July 17, 2024 at 11:30 am IST
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Profoto Holding AB (publ) reported earnings results for the second quarter and six months ended June 30, 2024. For the second quarter, the company reported sales was SEK 196 million compared to SEK 182 million a year ago. Revenue was SEK 212 million compared to SEK 193 million a year ago. Net income was SEK 28 million compared to SEK 36 million a year ago. Basic earnings per share from continuing operations was SEK 0.7 compared to SEK 0.89 a year ago. Diluted earnings per share from continuing operations was SEK 0.7 compared to SEK 0.89 a year ago.
For the six months, sales was SEK 366 million compared to SEK 411 million a year ago. Revenue was SEK 399 million compared to SEK 424 million a year ago. Net income was SEK 55 million compared to SEK 92 million a year ago. Basic earnings per share from continuing operations was SEK 1.37 compared to SEK 2.29 a year ago. Diluted earnings per share from continuing operations was SEK 1.37 compared to SEK 2.29 a year ago.
Profoto Holding AB (publ) is a Sweden-based parent of the international group, which offers lighting products for professional photographers. Profoto invents, markets and sells lighting systems for professional photography, such as flashes and light shaping tools. The Company develops its product offerings by launching products with AirX technology as well as hybrid products for on-location photographers who shoot both photos and video. Profoto's products combine hardware and software, that the Company sells through dealers. The end users are professional photographers and commercial customers, including consumer brands and e-commerce companies. The company is represented in over 60 markets globally. The subsidiaries are tasked with serving primarliy as sales companies.
PROFOTO HOLDING AB 
