JM Interim Report January–June 2022

GOOD SALES AND PROFITABILITY IN A CAUTIOUS MARKET

Revenue increased to SEK 7,644m (7,056).

Operating profit decreased to SEK 898m (1,015). The operating margin decreased to 11.8 percent (14.4).

Gains from sale of properties and from joint venture of SEK 1m (178) are included in the operating profit.

Profit before tax decreased to SEK 868m (984), and profit after tax decreased to SEK 687m (812).

Return on equity for the past twelve months amounted to 20.9 percent (23.1). Earnings per share for the first six months amounted to SEK 10.10 (11.60).

Consolidated cash flow including net investment in properties amounted to SEK -251m (884).

The number of residential units sold amounted to 1,727 (2,471), and housing starts to 1,527 (1,727).
 

Financial information according to segment reporting.

For additional information, please contact:
Carl Bandhold, CFO, Head of IR
E-mail cfo@jm.se   Tel +46 (0)8 782 87 00

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 CEST on 2022-07-12.

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 2,500 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.