JLT Mobile Computers (JLT) Q4 2024 earnings summary

Executive summary

• Net revenues for 2024 were MSEK 118.4, down 25% year-over-year, with EBITDA at MSEK -2.1 and net loss of MSEK -7.7.

• Order intake declined to MSEK 103.0 from MSEK 135.4, but early 2025 shows recovery with major new orders exceeding MSEK 40.

• Strategic restructuring included discontinuing JLT Software Solutions AB and integrating software development.

• Inventory reduction and cost-saving measures led to positive cash flow of MSEK 6.8.

• No dividend proposed for 2024.

Financial highlights

• Gross profit was MSEK 54.2 (down from 65.8), but gross margin improved to 45.8% from 41.4%.

• Operating profit was MSEK -9.7 (1.9), and profit after tax was MSEK -7.7 (1.6).

• Cash and cash equivalents increased to MSEK 13.3 from 6.5.

• Equity at year-end was MSEK 47.6, with solidity at 54%.

• Earnings per share was SEK -0.27 (0.06).

Outlook and guidance

• Cost reductions and restructuring are expected to yield further savings of MSEK 1.5 in 2025.

• Depreciation and impairment for development expenses projected to decrease to MSEK 0.5 in 2025.

• Inventory expected to decrease further in 2025, supporting cash flow.

• Market recovery anticipated, with strong order bookings in early 2025.