JM enters settlement agreement regarding outstanding receivable

Through its subsidiary JM Construction AB, JM has entered a settlement agreement with an external buyer, which will result in a positive cash flow of SEK 320m.

JM Construction AB performed contract work on current account in the amount of SEK 1.6bn between 2013 and 2016. The final inspection was completed in 2016, and the project as a whole was approved at that time. JM has been involved since then in an arbitration process regarding the outstanding receivable.

A settlement agreement has now been signed by both parties, which will result in a positive cash flow of SEK 320m for JM during the first quarter of 2019. The agreement will have no effect on the income statement.

For additional information, please contact:
Claes Magnus Åkesson, CFO, +46 (0)8 782 89 71
Sepideh Imani, Head of Communication and Analysis, +46 (0)8 782 14 29

This information 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 11:00 CET on 2018-12-21.

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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