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Year-end Report 2014

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GOOD DEMAND IN JM's PRIMARY MARKETS AND HIGHER LEVEL OF HOUSING STARTS

  • According to segment reporting revenue increased to SEK 13,869m (12,652) and operating profit to SEK 1,716m (1,576). The operating margin was 12.4 percent (12.5)
  • Restated in accordance with IFRIC 15, revenue increased to SEK 14,216m (12,603) and operating profit to SEK 1,819m (1,523). The restatement is attributable to JM International and had a positive effect on earnings of SEK 103m (–53)
  • Profit before tax increased to SEK 1,744m (1,464). Profit after tax increased to SEK 1,306m (1,104)
  • Return on equity for the past twelve months increased to 28.7 percent (25.0). Earnings per share during the year increased to SEK 17.00 (14.10)
  • Consolidated cash flow including net investment in properties was SEK 978m (898)
  • The number of sold residential units was 3,195 (3,265) and housing starts increased to 3,445 (2,953)
  • Surplus value of development properties was SEK 2.8bn (2.4)
  • The Board of Directors proposes a dividend of SEK 8.00 (7.25) for 2014, as well as renewed buy-back authorization.

For further information, please contact:
Claes Magnus Åkesson, CFO, Head of IR, +46 (0)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 14 billion and the company has about 2,200 employees. JM AB is a public limited company listed on the NASDAQ Stockholm, Large Cap segment.

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Year-End Report JM

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