Interim report January - September 2015

STRONG SALES ALLOW CONTINUED HIGH LEVEL OF HOUSING STARTS

  · According to segment reporting, revenue increased to SEK 10,489m (9,729) and
operating profit was SEK 1,144m (1,171). The operating margin decreased to 10.9
percent (12.0) due to a change in the project composition in JM Residential
Stockholm
  · Restated in accordance with IFRIC 15, revenue increased to SEK 10,195m
(9,530) and operating profit was SEK 1,088m (1,201). The restatement is
attributable to JM International and had an effect on earnings of SEK –56m (30)
  · Profit before tax decreased to SEK 1,033m (1,149). Profit after tax
decreased to SEK 775m (871)
  · Return on equity for the past twelve months was 27.6 percent (30.1).
Earnings per share during the nine-month period was SEK 10.40 (11.30)
  · Consolidated cash flow including net investment in properties was SEK 193m
(639)
  · The number of sold residential units increased to 2,831 (2,277) and housing
starts increased to 2,665 (2,277)
  · Property sales completed in Denmark and Belgium in order to narrow JM’s
geographic focus.
For additional information, please contact:
Claes Magnus Åkesson, CFO, +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 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 seeks to promote long-term quality and environmental considerations in all
its operations. Annual sales total approximately SEK 15 billion and the company
has about 2,300 employees. JM is a public limited company listed on NASDAQ
Stockholm, in the Large Cap segment.