Interim Report January - September 2014

GOOD DEMAND AND HIGHER LEVEL OF HOUSING STARTS

● According to segment reporting revenue increased to SEK 9,729m (9,054) and operating profit increased to SEK 1,171m (1,062). The operating margin was 12.0 percent (11.7)
● Restated according to IFRIC 15, revenue increased to SEK 9,530m (8,712) and the operating profit increased to SEK 1,201m (982). The restatement is attributable to JM International and profit improvement of SEK 30m (–80)
● Profit before tax increased to SEK 1,149m (935). Profit after tax increased to SEK 871m (695)
● Return on equity for the past twelve months increased to 30.1 percent (22.7). Earnings per share during the nine-month period increased to SEK 11.30 (8.80)
● Consolidated cash flow including net investment in properties was SEK 639m (–76)
● Number of sold residential units was 2,277 (2,462) and housing starts increased to 2,277 (2,072).

For further information, please contact:
Claes Magnus Åkesson, CFO, Head of IR,  46 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, Large Cap segment.

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