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Interim report January - June 2015

Report 7/14/2015 8:00 AM

GOOD DEMAND IN JM's PRIMARY MARKETS, STRONG SALES AND A HIGH LEVEL OF HOUSING STARTS


· According to segment reporting, revenue increased to SEK 7,233m (6,521) and operating profit was SEK 771m (785). The operating margin decreased to 10.7 percent (12.0) due to a change in the project composition in JM Residential Stockholm
· Restated in accordance with IFRIC 15, revenue increased to SEK 6,785m (6,495) and operating profit amounted to SEK 722m (820). The restatement is related to JM International and had an effect on earnings of SEK –49m (35)
· Profit before tax decreased to SEK 691m (790). Profit after tax decreased to SEK 527m (599)
· Return on equity for the past twelve months was 28.8 percent (29.9). Earnings per share during the first six months of the year amounted to SEK 7.00 (7.80)
· Consolidated cash flow including net investment in properties was SEK 386m (290)
· The number of sold residential units increased to 1,940 (1,485) and housing starts increased to 1,777 (1,410).