JM Interim Report January–March 2023

Challenging housing market in weak economy
 

• Revenue increased to SEK 3,962m (3,854).

• Operating profit decreased to SEK 417m (466). The operating margin decreased to 10.5 percent (12.1).

• Profit before tax decreased to SEK 394m (450), and profit after tax decreased to SEK 311m (356).

• Return on equity for the past twelve months amounted to 16.8 percent (22.6).

• Earnings per share amounted to SEK 4.80 (5.20).

• Consolidated cash flow including net investment in properties amounted to SEK 792m (273).

• The number of residential units sold decreased to 479 (995) and housing starts to 214 (808).

• According to IFRS revenue amounted to SEK 4,696m (3,270) and earnings per share to SEK 7.50 (3.00).

Financial information according to segment reporting.

For additional information, please contact:
Claes Magnus Åkesson, tf 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. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CEST on 2023-04-27.

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 2,500 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.