Interim report January - September 2012

Low sales level but demand continued to improve in Stockholm

- According to segment reporting revenues increased to SEK 9,334m (8,547) and the operating profit was SEK 1,019m (1,047). The operating margin decreased to 10.9 percent (12.2)
- Restated according to IFRIC 15, revenues increased to SEK 9,041m (8,299) and the operating profit was SEK 1,010m (1,013)
- Profit before tax amounted to SEK 968m (974). Profit after tax amounted to SEK 702m (695)
- Return on equity for the past twelve months amounted to 23.9 percent (24.2). Earnings per share during the nine-month period increased to SEK 8.50 (8.30)
- Consolidated cash flow including net investment in properties increased to SEK 304m (173)
- The number of residential units sold decreased to 1,892 (2,366) and housing starts decreased to 2,165 (2,856).

For additional information, please contact:
Claes Magnus Åkesson, CFO, 46 (0)8 - 782 89 71
Johan Skoglund, President and CEO, 46 (0)8 - 782 87 00
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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