STRONG SALES AND HIGHER LEVEL OF HOUSING STARTS

  · According to segment reporting, revenue increased to SEK 14,447m (13,869)
and operating profit amounted to SEK 1,590m (1,716). The operating margin
decreased to 11.0 percent (12.4) due to a change in the project composition in
JM Residential Stockholm
  · Restated in accordance with IFRIC 15, revenue decreased to SEK 13,939m
(14,216) and operating profit decreased to SEK 1,499m (1,819). The restatement
is related to JM International and had a negative effect on earnings of SEK –91m
(103)
  · Profit before tax decreased to SEK 1,427m (1,744). Profit after tax
decreased to SEK 1,085m (1,306)
  · Return on equity for the past twelve months amounted to 23.7 percent (28.7).
Earnings per share during the year amounted to SEK 14.50 (17.00)
  · Consolidated cash flow including net investment in properties was SEK –230m
(978)
  · The number of sold residential units increased to 3,770 (3,195) and housing
starts increased to 3,731 (3,445)
  · Surplus value of development properties was SEK 4.2bn (2.8)
  · The Board of Directors proposes a dividend of SEK 8.25 (8.00) for 2015, as
well as renewed buy-back authorization.
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.