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Interim Report January – September 2010

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​Good demand for JM’s housing allows higher level of housing starts

  • Revenues amounted to SEK 6,061m (7,127), including an impact on revenue of SEK -281m (888) due to restatement according to IFRIC 15. Revenue according to segment reporting shows an increase of SEK 103m (-3,140)
  • The number of residential units sold totaled 2,220 (2,383) and housing starts increased to 2,432 (1,446)
  • Profit before tax improved to SEK 469m (240), of which restatement according to IFRIC 15 had a negative impact on profit of SEK -47m (-4). Profit after tax improved to SEK 329m (167). Operating margin increased to 8.7 percent (4.7)
  • Return on equity for the past twelve months increased to 14.9 percent (2.1). Earnings per share during the first nine months of the year increased to SEK 3.90 (2.00)
  • Consolidated cash flow including net investment in properties totaled SEK -263m (344) of which SEK -719m paid in cash relating to the acquisition of the Dalénum area, Stockholm.

For more information, please contact:
Johan Skoglund, CEO and President, +46 (0)8-782 89 39
Claes Magnus Åkesson, CFO, +46 8 782 89 71
Tomas Eriksson, Press officer, +46 (0)8-782 86 61

This and previous press releases are also available at www.jm.se

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 9 billion and the company has about 2,000 employees. JM AB is a Swedish public limited company listed on NASDAQ OMX Stockholm, Mid Cap segment.

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