Interim Report January – March 2021
STRONG DEMAND AND SALES OF RESIDENTIAL UNITS
Revenue decreased to SEK 3,337m (3,814).
Operating profit decreased to SEK 406m (483). The operating margin was 12.2 percent (12.7).
Gains from sale of properties and from joint venture of SEK 11m (18) are included in the operating profit.
Profit before tax decreased to SEK 390m (462). Profit after tax decreased to SEK 309m (364).
Return on equity for the past twelve months amounted to 20.3 percent (23.3). Earnings per share for the first quarter amounted to SEK 4.40 (5.20).
Consolidated cash flow including net investment in properties amounted to SEK 92m (188).
The number of residential units sold increased to 1,261 (805), and housing starts increased to 927 (637).
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. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CEST on 2021-04-28.
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 15 billion and the company has about 2,500 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.