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Interim report January - September 2015

Report 10/21/2015 8:00 AM

STRONG SALES ALLOW CONTINUED HIGH LEVEL OF HOUSING STARTS


· According to segment reporting, revenue increased to SEK 10,489m (9,729) and operating profit was SEK 1,144m (1,171). The operating margin decreased to 10.9 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 10,195m (9,530) and operating profit was SEK 1,088m (1,201). The restatement is attributable to JM International and had an effect on earnings of SEK –56m (30)
· Profit before tax decreased to SEK 1,033m (1,149). Profit after tax decreased to SEK 775m (871)
· Return on equity for the past twelve months was 27.6 percent (30.1). Earnings per share during the nine-month period was SEK 10.40 (11.30)
· Consolidated cash flow including net investment in properties was SEK 193m (639)
· The number of sold residential units increased to 2,831 (2,277) and housing starts increased to 2,665 (2,277)
· Property sales completed in Denmark and Belgium in order to narrow JM’s geographic focus.