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JLT Mobile Computers AB : Interim report January - March 2012

·         Revenues MSEK 20.5 (23.0)
·         Operating profit MSEK 0.1 (-1.2)
·         Profit/loss after taxes MSEK -0.3 (-1.2)
·         Positive cash flow MSEK 3.9

Comments from the CEO

- 2012 started with weaker than anticipated incoming orders, primarily in the
U.S. and southern and central Europe.  This is because delayed orders by several
customers in the U.S. and a weaker economic outlook have created a wait-and-see
attitude at customers in southern and central Europe.  At the same time, we see
an increasing number of projects, new partners and prospective customers.  Weak
incoming orders will result in a weak second quarter, but, with a growing
prospects pipeline and increasing demand for rugged computers, I expect a
continued long-term growth.

- Our continuing growth strategy consists of three parts: strengthening the
sales channel, supplementing product offerings and streamlining production and
purchasing.  Since the turn of the year, we have expanded JLT's sales channel
with several new partners who are already involved with JLT's products in
England, France, and Italy.  On April 4, we expanded JLT's product offering with
a new service agreement that guarantees the service level at a fixed cost, as
well as several added professional services that help customers lower their
total cost.  The new services have been well received and already, since the
launch, we have won the first deals for both the JLT service level agreement and
the JLT professional services.  The work of streamlining production and
purchasing is also continuing, and is beginning to show results.  The margin
increased to 24.4% from 18.9% a year ago, and operating results are positive
compared to -5.1% a year ago.
Per Holmberg, CEO

Revenues and results for the period January-March, 2012
Revenues during the period amounted to MSEK 20.5 (23.0).  The gross margin was
24.4% (18.9) which resulted in gross profits of MSEK 5.0 (4.4).
Operating costs for sales, development, production and administration amounted
to MSEK 4.6 (5.3).
During the period, depreciations related to operations amounted to MSEK 0.3
(0.2) and the operating results were MSEK 0.1 (-1.2).
Net interest income/expenses amounted to MSEK -0.4 (-0.1) and the results before
taxes were MSEK -0.3 (-1.2).
The results after taxes were MSEK -0.3 (-1.2); the results per share for the
period were SEK -0.01 (-0.05).
During the period, incoming orders amounted to MSEK 15.8 (30.5) and, at the end
of the period, outstanding orders were MSEK 7,3 (21,0).

Financial position and cash flow
During the period, cash flow was MSEK 3,9; on the balance sheet day, corporate
liquid funds were MSEK 7.4.  The equity ratio was 64% (71) with equity at MSEK
32.6 (30.8).
The Parent Company
The parent company performs services for the subsidiary and debits of these are
passed on.  Operating income amounted to MSEK -0.2 (-0.2).
The Company Tax Situation

At the end of the period, there remained a deductible deficiency of MSEK 30.6 to
be utilized against future profits, of which MSEK 6.2 is posted as an asset as
deferred outstanding tax.
Principles of Accounting
This report is prepared in accordance with recommendations from the Swedish
Financial Accounting Board for financial reports for part of the year (RR 20).
 The same reporting principles as were used for the previous year's financial
report have been used.
Weak incoming orders during the first quarter of 2012 will result in a weak
second quarter, but better prospects and increasing demand for rugged computers
offer a good growth potential for JLT in the long term.
During the quarter, a total of 0.3 million shares (0.8) have been traded,
corresponding to 1% of the total number of shares.
The share traded at SEK 0.97 at the beginning of the period; at the end of the
period the market price was SEK 1.05.

The JLT-share is listed at First North with Pareto Öhman as certified advisor.
Reports during 2012
Interim Report, January - June 2012                August 15, 2012
Interim Report, January - September 2012      November 1, 2012
Year-end report 2012                                      February 8, 2013

                               Växjö, May 9, 2012

                   On behalf of the board: Per Holmberg, CEO

Additional information:
Per Holmberg, CEO      +46 470 - 53 03 00
Stefan Käck, CFO         +46 735 - 31 00 57