Interim report January - March 2016

Continued strong sales and high level of housing starts

  · According to segment reporting, revenue increased to SEK 3,757m (3,417) and
operating profit increased to SEK 445m (372). The operating margin increased to
11.8 percent (10.9)
  · Restated according to IFRIC 15, revenue increased to SEK 3,470m (3,300) and
the operating profit increased to SEK 403m (361). This restatement is
attributable to JM International and had a negative effect on earnings of SEK
–42m (–11)
  · Profit before tax increased to SEK 387m (342). Profit after tax increased to
SEK 299m (261)
  · Return on equity for the past twelve months amounted to 23.8 percent (27.4).
Earnings per share for the first quarter increased to SEK 4.10 (3.50)
  · Consolidated cash flow including net investment in properties was SEK 601m
(–273)
  · Number of residential units sold increased to 927 (843) and housing starts
increased to 856 (748)
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 should promote long-term sustainability work in all of its operations. Annual
sales total approximately SEK 14 billion and the company has about 2,300
employees. JM is a public limited company listed on NASDAQ Stockholm, in the
Large Cap segment.