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Interim report January – March 2013

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DEMAND IN STOCKHOLM CONTINUES TO IMPROVE

  • According to segment reporting revenues decreased to SEK 2,875m (3,188) and the operating profit was SEK 335m (337). The operating margin increased to 11.7 percent (10.6)
     
  • Restated according to IFRIC 15 revenue decreased to SEK 2,698m (2,987) and the operating profit decreased to SEK 288m (329) with a limited number of completed projects in JM
    Norway during the quarter
     
  • Profit before tax decreased to SEK 273m (316). Profit after tax decreased to SEK 208m (227)
     
  • Return on equity for the past twelve months amounted to 20.9 percent (21.9). Earnings per share for the first quarter amounted to SEK 2.60 (2.70)
     
  • Consolidated cash flow including net investment in properties decreased to SEK –309m (2) with major investments in development properties in JM Residential Stockholm
     
  • Number of residential units sold increased to 709 (627). Housing starts decreased to 574 (631).

   
For further information, please contact:
Claes Magnus Åkesson, CFO, Head of IR, +46 8 782 89 71
Johan Skoglund, President and CEO, +46 8 782 87 00

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