Interim Report January - June 2011

Interim Report January - June 2011

Continued good demand in JM's main markets

- Revenues amounted to SEK 5,228m (4,114), including a negative impact
on revenue of SEK -360m (-216) due to restatement according to IFRIC 15.
Revenue according to segment reporting shows an increase of SEK 1,258m
(-91)

- Number of residential units sold increased to 1,661 (1,462) and
housing starts increased to 1,851 (1,621)

- Profit before tax improved to SEK 594m (294) including a negative
impact on revenue of SEK -47m (-38) due to restatement according to
IFRIC 15. Profit after tax improved to SEK 422m (205). Operating margin
increased to 11.8 percent (8.0)

- Return on equity for the past twelve months was 21.4 percent (14.7).
Earnings per share during the first six months of the year amounted to
SEK 5.10 (2.50)

- Consolidated cash flow including net investment in properties was SEK
-143m (-236)

- Major acquisition of land in Stockholm and residential building rights
in Oslo completed after the end of the reporting period with potential
for development of about 3,600 residential units.

For additional information, please contact:
Johan Skoglund, President and CEO: +46 (0)8 - 782 89 39
Claes Magnus Åkesson, CFO: +46 (0)8 - 782 89 71