JM Year-end Report January-December 2021
CONTINUED HIGH DEMAND AND HIGH LEVEL OF HOUSING STARTS
Revenue decreased to SEK 14,608m (15,388).
Operating profit increased to SEK 2,216m (2,028). The operating margin increased to 15.2 percent (13.2).
Gains from sale of properties and from joint venture of SEK 436m (191) are included in the operating profit.
Profit before tax increased to SEK 2,158m (1,955). Profit after tax increased to SEK 1,798m (1,575).
Return on equity for the past twelve months increased to 21.9 percent (20.8). Earnings per share during the year increased to SEK 25.90 (22.50).
Consolidated cash flow including net investment in properties amounted to SEK 2,287m (1,715).
The number of residential units sold increased to 4,248 (4,026), and housing starts increased to 3,972 (3,199).
Surplus value of development properties was SEK 7.2bn (6.5).
The Board of Directors proposes a dividend of SEK 13.50 (12.75) for 2021.
The Board of Directors proposes a renewed mandate to buy back shares.
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. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 2022-02-02.
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.