Interim Report January – September 2020

RECOVERY IN THE HOUSING BUSINESS

Revenue amounted to SEK 10,858m (11,381), and revenue excluding JM Construction, Business area Construction (under closure), amounted to SEK 10,731m (11,159).

Operating profit amounted to SEK 1,239m (1,449)¹⁾²⁾. The operating margin was 11.4 percent (12.7). Operating profit excluding JM Construction, Business area Construction, amounted to SEK 1,263m (1,656) and the operating margin to 11.8 percent (14.8).

Profit before tax amounted to SEK 1,185m (1,387). Profit after tax amounted to SEK 932m (1,128).

Return on equity for the past twelve months decreased to 18.8 percent (22.2). Earnings per share for the nine-month period decreased to SEK 13.30 (16.20).

Consolidated cash flow including net investment in properties amounted to SEK 427m (817).

The number of residential units sold amounted to 2,403 (2,654), and housing starts were 2,223 (2,162).

The Board of Directors proposes SEK 6.25 in an additional dividend for 2019.

¹⁾ The profit included the one-off cost for the discontinuation of the housing operations (Business area Construction) in JM Construction of SEK –180m reported during the first quarter of 2019.
²⁾ The profit included SEK 254m from the sale of property.

Financial information according to segment reporting.

For additional information, please contact:
Claes Magnus Åkesson, CFO, +46 (0)8 782 89 71

This is information that JM AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CEST on 2020-10-22.

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 15 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.