- Order intake SEK 26.0 million (41,9)
- Sales 27,7 MILLION (24,5)
- Gross margin 44.7% (45,7)
- Operating profit SEK 2.6 million (2.4 million)
- Profit after tax of 1.9 MILLION (1.6)
Comments from the CEO
An important part of JLT’s growth strategy is to expand our market presence, cultivate new and existing customers and business opportunities. Therefore, we have now launched our most ambitious marketing strategy so far. During the month of march attended the JLT at three major trade fairs. We showed JLT’s leading products at the SITL in Paris, an international transport and logistikmässa, and the NAVIS World in San Francisco, a forum, where logistics and IT managers at leading port operators from around the world gather. We were represented by our German säljpartner at the LogiMat in Stuttgart, one of Europe’s largest trade fairs for intralogistik, and process control. During the month of april, put the JLT at ProMat in Chicago, which is AMERICA’s largest logistics and transportmässa. We also continue to expand globally by connecting additional partners to the international car dealer network. We signed agreements with five new partners during the period, which was announced in april.
Our sales comprise in addition to the ongoing sale also of a smaller number of larger delivery orders. It makes, order naturally varies from quarter to quarter. Order intake for the first quarter of the prior year consisted of, in addition to the ongoing order intake of the three major shops with delivery throughout 2016, which affects the comparison with the order intake for the first quarter of this year. A lower closing order backlog for the quarter, 11 MILLION (28) affecting deliveries and sales during the second quarter in comparison with the previous year.
By strengthening our market presence and to develop the organization, we continue to create good conditions for a long-term growth.
Per Holmberg, CEO
The group’s turnover and results for the period January to march 2017
For the period, the group recorded a turnover of 27.7 MILLION (24,5). The gross profit amounted to SEK 12.4 million (11.2) and gross margin to 44.7% (45,7).
Operating expenses was 9.5 MILLION (8.5) of this said, the personnel costs of SEK 6.4 m (5,7). Other costs were MSEK 3.1 (2,8). EBITDA for the period amounted to sek 2.9 MILLION (2.7).
Depreciation during the period was SEK 0.3 m (0,3).
The group’s operating profit amounted to SEK 2.6 million (2.4 million).
Net financial items amounted to MSEK 0.1 (-0,4) which gave a profit before tax of eur 2.5 MILLION (2.0).
Tax at the standard rate for the group amounting to sek 0.6 M (0.4) are charged to profit and loss after tax amounted to sek 1.9 MILLION (1.6).
Orders received during the period amounted to SEK 26.0 million (41,9) and the order backlog was at the end of the period to 10.9 MILLION (28.2).
Financial position and cash flow
Cash flow amounted to SEK 0.4 m (-3,4) the group’s liquid funds amounted at yearend to SEK 28.4 million (eur 14.2) and the group’s net debt to -28,4 MILLION (‘s-14.2), thus a net cash position.
The equity / assets ratio amounted to 67 per cent (65) and the equity was 45,7 M (35,0).
No interest-bearing liabilities exist.
The parent company
The parent company performs services for the subsidiary and debits of these on. Operating profit amounted to
-0,3 MILLION (-0,1).
The group’s tax situation
The remaining loss carry-forwards at year-end amounted to SEK 7.8 million to be utilised against future profits, of which MSEK 2.1 in the Swedish companies. 0.6 MILLION is tillgångsfört as deferred tax assets.
Accounting principles
The interim report has been prepared in accordance with BFNAR 2007:1, Voluntary interim reporting. Fr.o.m. 2014 applying the JLT annual accounts act and the Swedish accounting standards board’s supplementary regulations K3, Annual report and the consolidated financial statements.
This report has not been subject to review by the company’s auditor.
Share
A total of 8.1 million shares (4,1) traded during the period, which corresponds to 29% of the total number of shares.
The share was listed in 4,92 $ at beginning of the period and SEK 6.30 at the end of the period.
JLT-share is listed on Nasdaq First North with Remium as Certified Adviser.
Reporting dates for the years 2017
Interim report for January-June 2017 August 11, 2017
Interim report for January-september 2017 October 20, 2017
Year-end report for the year 2017 February 9, 2018
Växjö, 11 may 2017
On the board: Per Holmberg, executive director
For further information:
Per Holmberg CEO 0470 – 53 03 00
Stefan Käck vice president / CFO 0470 – 53 03 21
www.jltmobile.com
The consolidated accounts*
Income statement, SEK m
2017
Kv 1
2016
Kv 1
2017
Kv 1
2016
Kv 1
2016
Full year
Total operating revenues
-64,5
24,5
27,7
24,5
126,9
Operating expenses
Merchandise
38,3
12.8 million
-15,3
-13,3
-72,1
Other external costs
6,4
– 2.2 b
-3,1
– 2.8 m
-13,7
Personnel costs
13,3
-5,0
-6,4
-5,7
-27,0
Depreciation
0,6
-0,4
-0,3
-0,3
-1,1
Share of results of associates
Operating profit
To-6.0
0,9
2,6
The 2.4
13.1 the
Net financial items
0,0
-0,4
-0,1
-0,4
0,0
Profit after financial items
To-6.0
0,5
2,5
The 2.0
13.1 the
Tax
1,0
-0,3
-0,6
-0,4
-2,3
The end result
-5,0
0,2
1,9
1,6
10,8
Earnings per share (sek)
-0,18
0,01
0,07
0,06
0,39
Earnings per share after full dilution (sek)
-0,17
0,01
0,06
0,06
0,38
Balance sheet, SEK m
2017
31 mar
2016
31 mar
2016
31 dec
Assets
Intangible assets
5.2 the
3,4
4,6
Tangible fixed assets
0,9
1,3
1,0
Financial assets
0,6
2,9
0,8
Total non-current assets
6,7
7,7
6,5
Inventories
20,0
12,7
16,3
Short-term receivables
13,5
19.6 the
24,4
Cash and cash equivalents
28,4
14,2
28,0
Total current assets
61,8
46,5
68,6
Total assets
68,5
54,2
75,1
Shareholders ‘ equity, provisions and liabilities
The share capital of the
27,9
27,0
27,9
Statutory reserve
4.2 the
1,3
4.2 the
Other results
13.6 the
6,8
11,6
Total shareholders ‘ equity
45,7
35,0
43,7
Provisions
1,6
1,6
1,6
Long-term liabilities
–
–
–
Current liabilities
21,1
17,5
29,8
Total shareholders ‘ equity, provisions and liabilities
68,5
54,2
75,1
* Mathematical rounding
Cash flow statement, SEK m
2017
Kv 1
2016
Kv 1
2016
Full year
Cash flow from operating activities before change in working capital
The 2.2
The 2.4
11,8
Change in working capital
-1,0
-4,9
-1,0
Operations
0,0
1,2
2.5 to
10,8
Investing activities
-0,5
-0,8
-0,9
-0,2
Financing activities
0,0
0,0
0,0
-0,2
The year cash and
-0,5
0,4
-3,4
10,4
Cash and cash equivalents
27,4
28,4
14,2
28,0
Net debt*
-28,4
‘s-14.2
-28,0
The change in equity (SEK m)
2017
Kv 1
2016
Kv 1
2016
Full year
Equity
43,7
33.3 the
33.3 the
The end result
1,9
1,6
10,8
Translation
0,1
–
-0,2
New issue
–
–
1,7
Dividend
–
–
-1,9
Amount at the end of the period
45,7
35,0
43,7
Key performance indicators
2017
Kv 1
2016
Kv 1
2016
Full year
EBITDA margin
%
10,5
10,9
11,2
Operating margin
%
9.4 the
9,7
10,3
Profit margin
%
8,9
8,2
10,3
Capital employed
M
45,7
35,0
43,7
Return on capital employed
%
24
23
34
Equity
M
45,7
35,0
43,7
Return on equity
%
19
19
28
Net debt *
M
-28,4
‘s-14.2
-28,0
Debt / equity ratio
times
0
0
0
Equity / assets ratio
%
67
65
58
Earnings per share
crowns
0,07
0,06
0,39
Shareholders ‘ equity per share
crowns
1,64
1,30
1,57
Net debt per share*
crowns
-1,02
-0,53
-1,00
The share’s last price in the period
crowns
6,30
2,67
4,86
Number of outstanding shares
.000 st
27 902
26 952
27 902
Number of outstanding shares after full dilution
.000 st
28 902
28 952
28 902
* Negative value = net cash
Interim report Q1 2017 JLT Mobile Computers
