* Value of orders placed increased to SEK 95 million (49.5); GBP 8.8 million
(4.5)
- this is the fourth consecutive quarter with increased value of orders
placed
* Net sales valued at SEK 62.9 million (61.2); GBP 5.8 million (5.7)
* Operating profit valued at SEK -4.8 million (- 3.8); GBP -447,000 (-354,000)
* Earnings per share valued at SEK -0.14 (- 0.13); GBP -0.013 (-0.12)
* A forced gross margin as a result of a strong Swedish currency and component
shortages
* A continued increase in invoicing is expected during the fourth quarter
Comments from CEO Per Holmberg:
"Orders placed during the third quarter continued to increase for the fourth
consecutive quarter and closed at SEK 44.5 million / GBP 4.1 million, with a
strong order backlog. This includes a major order placed in July from the USA
worth SEK 35 million / GBP 3.2 million."
"We began delivery for the US order in September and we expect to complete it in
the fourth quarter. The sudden increase in supply at the end of the quarter,
combined with a slight increase in inventory levels to improve delivery
capability and overcome worldwide component shortages, has impacted liquidity by
increasing accounts receivable, accounts payable and inventory value."
"The strong performance of the SEK, combined with production start-up costs for
new projects and the need to source more expensive components due to component
shortages, had a negative impact on gross margin, which ended at 17.9 per cent
for the third quarter."
" As part of its expanding partner network in Europe, JLT signed an agreement
with a new German partner, MCTX Mobile & Embedded Computers GmbH. The aim is to
develop the market and strengthen JLT's position in Germany, Austria and
Switzerland. MCTX will support new and existing partners in these markets, and
develop customized solutions for major business projects.
"With a strong opening order book, sales will continue to increase, which is
expected to produce a positive result for the fourth quarter. Despite the growth
in sales, however, we expect a negative result for the year due to gross margin
pressure."
See the full report at: www.jltmobile.com
For more information, please contact:
Per Holmberg, CEO, + 46 470-53 03 00, per.holmberg@jltmobile.com
Stefan Kack, CFO, +46 735-31 00 57,stefan.kack@jltmobile.com
About JLT Mobile Computers
JLT Mobile Computers is a leading developer of rugged computer solutions for the
toughest environments. The computers are developed and manufactured in Sweden
for professional users in a wide range of industries. The computers are well
known for their very high reliability in spite of moisture, dust, vibration,
electromagnetic fields or temperature extremes. This reliability and capability
is required for mobile computing applications in transport, warehousing,
logistics, forestry, mining, automation, military and rescue vehicles. JLT
operates worldwide, with sales partners in Europe and the USA, and has delivered
over 65,000 computers to date. JLT sales are valued at approximately SEK 80
million and the company has more than 20 employees in Sweden and three employees
at its affiliate company in the UK. The company's headquarters is situated in
Växjö, Sweden. The company was founded in 1994 and is listed on the NASDAQ OMX
First North, under the symbol JLT with E. Öhman J:or Fondkommission as certified
advisor, since 2002. For more information, please visitwww.jltmobile.com
[HUG#1458394]
