JLT Mobile Computers report development of sales volume for the first quarter 2020 and financial position as of 31 March
Växjö, Sweden, 7 April 2020 * * * The Board of Directors of JLT Mobile Computers, leading supplier of rugged computers for challenging environments, has resolved to disclose preliminary information about volume of sales and financial position for the first quarter 2020 due to uncertainties surrounding the COVID-19 situation.
The preliminary order intake for the first quarter amounts to MSEK 29 (31) and invoicing to MSEK 27 (37). Outgoing order backlog amounts to MSEK 14 (18).
The global market decline in financial instruments has impacted JLT’s investments, but it is estimated that this is offset by the strengthening of USD denominated holdings against the SEK. The total net liquid position amounts to MSEK 50, of which MSEK 19 is under discretionary management with a maximum of 20 percent in shares or share-based investments. The rest comprises bank balances, mainly in SEK and USD. The absolute majority of assets is cash. There are no interest-bearing liabilities.
The net liquid position of MSEK 50 is basically equivalent to the total operating costs of the company excluding cost of goods sold for 2019.
This information is information that JLT Mobile Computers AB (pub) is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 08:05 CET on 7 April 2020.
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