JM does not take responsibility for the translation

Interim Report January - June 2004

Report 8/18/2004 11:36 AM

Interim Report January - June 2004

- Net sales increased to SEK 4,058m (3,856) and profit for the period after tax reached SEK 114m (234)
- Profit after financial items amounted to SEK 165m (332)
- Property sales of SEK 693m (2,101) provided capital gains of SEK 86m (399)
- The number of sold residential units almost doubled to 2,393 (1,275)
- In the past 12-month period return on equity amounted to 2% (5). Earnings per share for the first half of the year amounted to SEK 4 (8)
- Continued reduction of the balance sheet raised the equity ratio to 39% (35)

Stockholm,18 August 2004

Johan Skoglund
President and CEO

This interim report has been reviewed by the company's auditors.

Additional information and financial calendar

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

Financial calendar:
1 November 2004, Interim Report January - September 2004
23 February 2005, Year-end report 2004
28 April 2005, Interim Report January - March 2005
28 April 2005, Annual General Meeting

JM AB is a public limited company listed on the Stockholm Stock Exchange. JM has around 2,200 employees in Sweden, Norway, Denmark and Belgium, and sales in 2003 amounted to approximately SEK 8 billion. The company is Sweden's leading housing developer, and the core business is project development of residential properties and, to a selective extent, commercial premises in central areas of growth markets. JM's operations are characterised by a focus on quality and the environment.

JM AB, SE-169 82 Stockholm
Street address: Telegrafgatan 4, Solna
Telephone +46 8 782 87 00 Fax +46 8 782 86 00
www.jm.se
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http://www.waymaker.net/bitonline/2004/08/18/20040818BIT20710/wkr0010.pdf The full report