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Year-end Report 2014

Report 2/11/2015 8:00 AM

GOOD DEMAND IN JM's PRIMARY MARKETS AND HIGHER LEVEL OF HOUSING STARTS


· According to segment reporting revenue increased to SEK 13,869m (12,652) and operating profit to SEK 1,716m (1,576). The operating margin was 12.4 percent (12.5)
· Restated in accordance with IFRIC 15, revenue increased to SEK 14,216m (12,603) and operating profit to SEK 1,819m (1,523). The restatement is attributable to JM International and had a positive effect on earnings of SEK 103m (–53)
· Profit before tax increased to SEK 1,744m (1,464). Profit after tax increased to SEK 1,306m (1,104)
· Return on equity for the past twelve months increased to 28.7 percent (25.0). Earnings per share during the year increased to SEK 17.00 (14.10)
· Consolidated cash flow including net investment in properties was SEK 978m (898)
· The number of sold residential units was 3,195 (3,265) and housing starts increased to 3,445 (2,953)
· Surplus value of development properties was SEK 2.8bn (2.4)
· The Board of Directors proposes a dividend of SEK 8.00 (7.25) for 2014, as well as renewed buy-back authorization.