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Interim report January - June 2012

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Low sales level but slight improvement in demand

  • According to segment reporting revenues increased to SEK 6,396m (5,588) and the operating
    profit to SEK 674m (665). The operating margin was 10.5 percent (11.9)
  • Restated according to IFRIC 15 revenues increased to SEK 5,933m (5,228) and the operating
    profit to SEK 651m (618)
  • Profit before tax improved to SEK 626m (594). Profit after tax improved to SEK 454m (422)
  • Return on equity for the past twelve months increased to 25.6 percent (21.4). Earnings per
    share for the first six months amounted to SEK 5.50 (5.10)
  • Consolidated cash flow including net investment in properties was SEK –138m (–143)
  • The number of residential units sold totaled 1,281 (1,661) and housing starts totaled 1,406
    (1,851).

For further information, please contact:
Johan Skoglund, CEO and President, 46 (0)8-782 89 39
Claes Magnus Åkesson, CFO, 46 (0)8 782 89 71
Anna Dahlman, Press Officer, 46 (0)8 782 88 63

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 the main focus on expanding metropolitan areas and university towns in Sweden, Norway, Denmark, Finland and Belgium. We are also involved in project development of commercial premises and contract work, primarily in the Greater Stockholm area. JM shall promote long-term quality and environmental management in all its operations. Our annual sales total approximately SEK 13 billion and the company has about 2,300 employees. JM AB is a public limited company listed on the NASDAQ OMX Stockholm, Mid Cap segment.

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