JM enters settlement agreement regarding outstanding receivable
Through its subsidiary JM Construction AB, JM has entered a settlement agreement with an external buyer, which will result in a positive cash flow of SEK 320m.JM Construction AB performed contract work on current account in the amount of SEK 1.6bn between 2013 and 2016. The final inspection was completed in 2016, and the project as a whole was approved at that time. JM has been involved since then in an arbitration process regarding the outstanding receivable. A settlement agreement has now been signed by both parties, which will result in a positive cash flow of SEK 320m for JM during