Year-end Report 2011

Positive earnings trend – continued cautious demand

• According to segment reporting, revenues increased to SEK 12,217m (9,274), operating profit to SEK 1,544m (969) and operating margin to 12.6 percent (10.4)
• Restated according to IFRIC 15, revenues increased to SEK 12,001m (9,136) and operating profit to SEK 1,513m (907)
• Profit before tax improved to SEK 1,463m (840). Profit after tax improved to SEK 1,042m (594)
• Return on equity for the past twelve months rose to 24.5 percent (15.7). Earnings per share during the year amounted to SEK 12.50 (7.10)
• Consolidated cash flow including net investment in properties was SEK 733m (42)
• Number of sold residential units was 3,112 (3,276) and housing starts increased to 3,629
  (3,404)
• Surplus values development properties SEK 2.4bn (2.6)
• The Board of Directors proposes a dividend of SEK 6.50 (4.50) for 2011, as well as a buyback authorization.

For further information, please contact:
Johan Skoglund, CEO and President, 46 (0)8-782 89 39
Claes Magnus Åkesson, CFO, 46 8 782 89 71

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 the main focus on expanding metropolitan areas and university towns in Sweden, Norway, Denmark, Finland and Belgium. We are also involved in project development of commercial premises and contract work, primarily in the Greater Stockholm area. JM shall promote long-term quality and environmental management in all its operations. Our annual sales total approximately SEK 12 billion and the company has about 2,400 employees. JM AB is a public limited company listed on the NASDAQ OMX Stockholm, Mid Cap segment.

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