Interim report January – September 2019

GOOD SALES AND HIGH PRODUCTION VOLUME

Revenue decreased to SEK 11,381m (12,011) and the revenue excluding JM Construction Business area Construction (under closure) amounted to SEK 11,159m (11,343)

Operating profit was SEK 1,449m (1,443) ¹⁾. The operating margin increased to 12.7 percent (12.0). Operating profit excluding JM Construction Business area Construction was SEK 1,656m (1,519) and the operating margin to 14.8 percent (13.4)

Gains from the sale of two completed rental unit properties of SEK 170m are included in the operating profit.

Profit before tax amounted to SEK 1,387m (1,387). Profit after tax increased to SEK 1,128m (1,079)

Return on equity for the past twelve months amounted to 22.2 percent (27.7). Earnings per share during the nine-month period increased to SEK 16.20 (15.50)

Consolidated cash flow including net investment in properties amounted to SEK 817m (–456)

The number of residential units sold increased to 2,654 (1,712), and housing starts increased to 2,162 (2,097)

¹⁾ Profit includes the one-off cost for the discontinuation of the housing operations (Business area Construction) in the subsidiary JM Entreprenad AB of SEK –180m reported during the first quarter.

Financial information according to segment reporting. 

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 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 16 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.