Interim report January – March 2018
Cautious market for new production in Stockholm – stabilization of house prices in Sweden and Norway
Revenue decreased to SEK 4,054m (4,245) and operating profit decreased to SEK 528m (570). The operating margin amounted to 13.0 percent (13.4)
Profit before tax decreased to SEK 512m (829) 1). Profit after tax decreased to SEK 399m (706) 1)
Return on equity for the past twelve months was 30.5 percent (36.1) 1). Earnings per share for the first quarter decreased to SEK 5.70 (9.90) 1)
Consolidated cash flow including net investment in properties was SEK –18m (1,001)
The number of residential units sold decreased to 480 (864) and housing starts decreased to 570 (813)
1) Including gains of SEK 275m from the sale of the participations in Småa AB in 2017.
Financial information according to segment reporting.
For additional information, please contact:
Claes Magnus Åkesson, CFO, +46 (0)8 782 89 71
This information is information that JM AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 2018-04-27.
JM is one of the leading developers of housing and residential areas in the Nordic region. Operations focus on new production of homes in attractive locations, with emphasis on expanding metropolitan areas and university towns in Sweden, Norway and Finland. We are also involved in project development of commercial premises and contract work, primarily in the Greater Stockholm area. JM should promote long-term sustainability work in all of its operations. Annual sales total approximately SEK 17 billion and the company has about 2,600 employees. JM is a public limited company listed on NASDAQ Stockholm, in the Large Cap segment. More information is available at www.jm.se/en.