JM Interim Report January–September 2023

Focus on cash flow in a challenging housing market

• Revenue amounted to SEK 10,444m (11,233).

• Operating profit decreased to SEK 822m (1,297). The operating margin decreased to 7.9 percent (11.6).

• Profit before tax decreased to SEK 746m (1,249), and profit after tax decreased to SEK 570m (982).

• Return on equity for the past twelve months amounted to 13.5 percent (19.9).

• Earnings per share amounted to SEK 8.90 (14.50).

• Consolidated cash flow including net investment in properties amounted to SEK −452m (−615).

• The number of residential units sold decreased to 1,128 (2,197), and housing starts decreased to 869 (2,215).

• According to IFRS, revenue amounted to SEK 12,528m (8,999) and earnings per share to SEK 16.50 (11.00).

Financial information according to segment reporting.

For additional information, please contact:
Tobias Bjurling, CFO
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 2023-10-25.

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 2,200 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.