Interim Report January

DEVELOPMENT FOR THE HOUSING OPERATIONS CONTINUES TO BE FAVORABLE

  · According to segment reporting, revenue increased to SEK 6,521m (6,244) and
operating profit increased to SEK 785m (709). The operating margin increased to
12.0 percent (11.4)
  · Restated according to IFRIC 15, revenue increased to SEK 6,495m (6,094) and
the operating profit increased to SEK 820m (638). The restatement is
attributable to JM International; profit increased by SEK 35m (–71)
  · Profit before tax increased to SEK 790m (609). Profit after tax increased to
SEK 599m (457)
  · Return on equity for the past twelve months increased to 29.9 percent
(23.5). Earnings per share for the first six months of the year increased to SEK
7.80 (5.70)
  · Consolidated cash flow including net investment in properties was SEK 290m
(–187)
  · Number of sold residential units was 1,485 (1,652) and housing starts
increased to 1,410 (1,382). Conditions for increased housing starts in Norway
during the second half of the year.


For more information please contact:
Claes Magnus Åkesson, CFO, Head of IR, +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 emphasis 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 seeks to promote long-term quality and environmental
considerations in all its operations. Annual sales total approximately SEK 13
billion and the company has about 2,200 employees. JM is a public limited
company listed on NASDAQ OMX Stockholm, in the Large Cap segment.
Interim Report January - June 2014

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