Interim Report January – September 2018
POSITIVE DEVELOPMENT IN SALES IN STOCKHOLM – GOOD PROFITABILITY CONTINUED
Revenue decreased to SEK 12,011m (12,457) and operating profit decreased to SEK 1,443m (1,731). The operating margin decreased to 12.0 percent (13.9). Profit includes a loss in JM Construction of SEK –61m (24)
Profit before tax decreased to SEK 1,387m (1,958) 1). Profit after tax decreased to SEK 1,079m (1,588) 1)
Return on equity for the past twelve months decreased to 27.7 percent (39.7) 1). Earnings per share during the nine-month period amounted to SEK 15.50 (22.40) 1)
Consolidated cash flow including net investment in properties amounted to SEK –456m (1,868)
The number of residential units sold decreased to 1,712 (2,416) and housing starts decreased to 2,097 (2,690)
1) Including gains of SEK 275m from the sale of the participations in Småa AB in 2017
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 and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 2018-10-25.
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 17 billion and the company has about 2,600 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.
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