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JM Year-end Report January–December 2023

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GOOD LIQUIDITY AND SIGNIFICANT SURPLUS VALUES

  • Revenue amounted to SEK 13,851m (16,385).
  • Operating profit decreased to SEK 732m (2,064) and was burdened by impairment in development and project properties of SEK −258m (–). The operating margin decreased to 5.3 percent (12.6).
  • Profit before tax decreased to SEK 632m (1,994), and profit after tax decreased to SEK 433m (1,575).
  • Return on equity for the past twelve months amounted to 5.0 percent (17.9).
  • Earnings per share amounted to SEK 6.70 (23.40).
  • Consolidated cash flow including net investment in properties amounted to SEK −48m (−261).
  • The number of residential units sold decreased to 1,901 (2,659), and housing starts decreased to 1,609 (3,113).
  • According to IFRS, revenue amounted to SEK 15,969m (14,577) and earnings per share to SEK 16.00 (22.20).
  • Surplus value of development properties amounted to SEK 5.6bn (6.7).
  • The Board of Directors proposes SEK 3.00 (14.00) in dividend for 2023 with the intention of an  extraordinary general meeting in the fourth quarter of 2024 to propose resolution on an additional dividend of SEK 3.00.

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 CET on 2024-01-30.

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 14 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.

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