The Court of Appeal issues a ruling which means that JM must consolidate tenant-owners associations during production in its consolidated financial statements according to IFRS

The Court of Appeal has today announced its judgement regarding the Finansinspektionen's appeal of the Administrative Court's judgement regarding JM's annual report for 2017.

The ruling means that the tenant-owners associations that JM develops must be consolidated in JM's consolidated financial statements according to IFRS.

JM will analyze the Court of Appeal’s judgement and return with the company’s position.

For additional information, please contact:
Carl Bandhold, CFO, Head of IR
E-mail cfo@jm.se   Tel +46 (0)8 782 87 00

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.