Interim report January – June 2019
POSITIVE DEVELOPMENT IN SALES IN THE HOUSING BUSINESS
Revenue decreased to SEK 7,613m (8,179), and operating profit decreased to SEK 819m (1,032). The operating margin decreased to 10.8 percent (12.6). Profit includes the one-off cost for the discontinuation of the housing operations (Business area Construction) in the subsidiary JM Entreprenad AB of SEK –180m reported during the first quarter
Revenue excluding JM Construction Business area Construction amounted to SEK 7,517m (7,672), operating profit to SEK 1,020m (1,042) and operating margin to 13.6 percent (13.6)
Profit before tax decreased to SEK 779m (997). Profit after tax decreased to SEK 614m (776)
Return on equity for the past twelve months decreased to 19.8 percent (30.7). Earnings per share for the first six months amounted to SEK 8.80 (11.10)
Consolidated cash flow including net investment in properties amounted to SEK 371m (–222)
The number of residential units sold increased to 1,548 (1,099), and housing starts amounted to 1,365 (1,417)
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 2019-07-12.
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 16 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.