JLT Mobile Computers (JLT) Q1 2026 earnings summary

Executive summary

• Net sales for Q1 2026 were SEK 28.3 million, down 21% year-over-year due to lower order intake and challenging market conditions in warehouse and logistics.

• Operating profit was SEK -0.5 million, compared to SEK 0.9 million in Q1 2025; net loss after tax was SEK -0.9 million.

• Gross margin improved to 40.7% from 38.2% year-over-year, aided by a stable USD and higher share of service agreements.

• Cost savings reduced operating expenses to SEK 12.2 million from SEK 13.0 million.

• Strategic focus is shifting toward growth segments such as container ports, construction, mining, and defense.

Financial highlights

• Order intake was SEK 29.6 million, down from SEK 59.7 million in Q1 2025, which included a large US order.

• EBITDA was SEK -0.8 million, compared to SEK 0.9 million in the prior year.

• Cash flow for the quarter was SEK -4.9 million, with cash and cash equivalents at SEK 12.0 million at period end.

• No interest-bearing liabilities; equity at SEK 40.5 million, solidity at 54%.

• Inventory increased by SEK 4.0 million, mainly due to proactive memory chip purchases.

Outlook and guidance

• Market uncertainty is expected to continue impacting short-term order intake.

• Diversification into port, construction/mining, and defense segments is expected to support long-term stability and profitability.

• Price adjustments for selected products were implemented in April 2026 to offset higher component costs.