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Year-end report for 2003

Report 2/16/2004 4:29 PM

JM Group

Year-end report 2003

More stable market and broader range of homes

· Net sales totalled SEK 7,787m (8,872) and profit for the year
after tax amounted to SEK 187m (253)
· Profit after financial items amounted to SEK 267m (368)
· Property sales of SEK 2,219m (3,015) provided capital gains of
SEK 411m (523)
· The number of residential units sold during 2003 rose sharply
by 27% to 3,189 (2,511)
· Return on equity amounted to 6% (7). Earnings per share
amounted to SEK 7 (9)
· The improved housing market in the fourth quarter and better
product adjustment increased sales of residential units
· Cash flow improved during the fourth quarter and the interest-
bearing net debt decreased by SEK 1.4 billion to SEK 2.6 billion.
· New control and project oversight routines were introduced as
well as a focus on efficiency
· The Board of Directors proposes a dividend of SEK 5 per share
(10)

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



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http://www.waymaker.net/bitonline/2004/02/16/20040216BIT00450/wkr0001.doc The full report
http://www.waymaker.net/bitonline/2004/02/16/20040216BIT00450/wkr0002.pdf The full report