JLT Mobile Computers (JLT) Q1 2025 earnings summary

Executive summary

• Order intake surged 77% year-over-year to MSEK 59.7, driven by a major US food producer order.

• Net sales declined 4% to MSEK 36.0 compared to the same quarter last year.

• Operating profit improved to MSEK 0.9 after three loss-making quarters, reflecting cost-cutting benefits.

• Cash flow turned positive at MSEK 2.0, up from MSEK -1.7 last year.

Financial highlights

• Net sales: MSEK 36.0 (37.7 prior year); gross profit: MSEK 13.8 (16.6); gross margin: 38.2% (44.0%).

• EBITDA: MSEK 0.9 (1.7); EBITDA margin: 2.6% (4.6%).

• Operating profit: MSEK 0.9 (0.8); operating margin: 2.4% (2.2%).

• Net profit after tax: MSEK 0.7 (0.5); EPS: SEK 0.02 (0.02).

• Cash and cash equivalents: MSEK 15.2 (4.8); no interest-bearing liabilities.

Outlook and guidance

• Order backlog entering Q2 at MSEK 38 (25 prior year), with ongoing production ramp-up for large US order.

• Cautious approach for H2 due to macroeconomic factors and potential tariff impacts.

• Positive market signals observed, but uncertainty remains due to geopolitical landscape.