Year-end Report 2018
POSITIVE SALES DEVELOPMENT – GOOD LEVEL OF HOUSING STARTS
Revenue decreased to SEK 16,161m (17,008) and the operating profit decreased to SEK 1,886m (2,369). The operating margin decreased to 11.7 percent (13.9)
Profit before tax decreased to SEK 1,817m (2,579) 1). Profit after tax decreased to 1,438m (2,194) 1)
Return on equity for the past twelve months decreased to 22.2 percent (38.7) 1). Earnings per share during the year decreased to SEK 20.60 (31.00) 1)
Consolidated cash flow including net investment in properties was SEK –473m (2,013)
The number of residential units sold decreased to 2,463 (3,100) and housing starts decreased to 3,135 (3,873)
Surplus value of development properties was SEK 7.0bn (7.2)
Dividend for 2018. The Board of Directors proposes a dividend of SEK 12.00 (11.00)
1) Including gains sale of participations in Småa of SEK 275m in 2017
Financial information according to segment reporting.
For additional information, please contact:
Claes Magnus Åkesson, CFO, +46 (0)8 782 89 71
This information is information that JM AB is obliged to make public pursuant to the EU Market Abuse Regulation and the Securities Markets Act. The information was submitted for publication, through the agency of the contact person set out above, at 14:00 CET on 2019-02-01.
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 2,600 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.