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JLT Mobile Computers Represented by PANDA PRODUCTS at CeMAT 2018
Release of Interim Report Jan-Mars, 2018
Annual General Meeting
CIM Convention 2018
TOC Europe
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Phone: +46 470 53 03 00
Email: investor@jltmobile.com
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JLT Mobile Computers is listed on First North with Remium Nordic Holding AB as Certified Adviser:
JLT Mobile Computers AB, JLT, (SE0000725624)
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An important part of the growth strategy at JLT is to continuously strengthen our international network of resellers. Overall sales comprise a steady flow of business, which is supplemented by a smaller number of major, high-volume orders with somewhat lower margins. With a growing partner network, we establish JLT on the global market and expand the customer base, which in turn increase the ongoing business with a stable margin. We are now starting to see results from this strategy. Ongoing business is growing continuously with a strong gross margin. During the third quarter the gross margin increased from 44% compared to 42% in the same period last year, despite negative impact from a decreased USD rate. With strong gross margin and good cost control the operating margin increased to 9.4% from 9.3% the same period last year. Operating profit was 8.0 MSEK, to be compared with 8.6 MSEK last year.
In September JLT reached a significant milestone in its history as the 100,000th unit since the start in 1994 was delivered. The 100 000th unit was part of a bigger order to Volvo Car Body Components, to emphasise JLT’s promise of delivering top quality the celebratory unit was supplied with an exclusive 100,000‑hour warranty, equivalent to over 4,000 days — or 11 years.
As been previously announced, there was several new hires within sales and development in the past quarter. This has been a very good addition to the organization. With new products and a stronger organization, we continue to drive a long-term profitable growth.
Per Holmberg, CEO