JM Year-end Report January–December 2022

Strong result in a weak market

Revenue increased to SEK 16,385m (14,608).

Operating profit decreased to SEK 2,064m (2,216). The operating margin decreased to 12.6 percent (15.2).

Gains/losses from sale of properties and from joint venture of SEK −11m (436) are included in the operating profit.

Profit before tax decreased to SEK 1,994m (2,158), and profit after tax decreased to SEK 1,575m (1,798).

Return on equity for the past twelve months amounted to 17.9 percent (21.9). Earnings per share during the year amounted to SEK 23.40 (25.90).

Consolidated cash flow including net investment in properties amounted to −261m (2,287).

The number of residential units sold decreased to 2,659 (4,248), and housing starts to 3,113 (3,972).

Surplus value of development properties was SEK 6.7bn (7.2).

The Board of Directors proposes SEK 14.00 (13.50) in dividend for 2022.

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 2023-02-01.

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.