JM: Interim Report January - March 2016

Regulatory News:

JM (STO:JM)

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)

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.

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