Interim report January – September 2013
CONTINUED IMPROVED DEMAND FOR THE SWEDISH HOUSING OPERATIONS
- According to segment reporting revenue decreased to SEK 9,054m (9,334) and operating profit increased to SEK 1,062m (1,019). The operating margin increased to 11.7 percent (10.9)
- Restated according to IFRIC 15 revenue amounted to SEK 8,712m (9,041) and operating profit totaled SEK 982m (1,010)
- Profit before tax totaled SEK 935m (968). Profit after tax amounted to SEK 695m (702).
- Return on equity for the past twelve months amounted to 22.7 percent (23.9). Earnings per share during the nine-month period amounted to SEK 8.80 (8.50)
- Consolidated cash flow including net investments in properties amounted to SEK –76m (304) with large investments in development properties in JM Residential Stockholm
- Number of residential units sold increased to 2,462 (1,892). Housing starts totaled 2,072 (2,165). The number of residential units sold and housing starts in the third quarter includes 108 and 54 rental and residential care units, respectively. Limited number of housing starts in JM International.
For additional information, please contact:
Claes Magnus Åkesson, CFO +46 (0)8 - 782 89 71
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 2,200 employees. JM AB is a public limited company listed on the NASDAQ OMX Stockholm, Mid Cap segment.
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