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Interim report January - March 2016

Report 4/21/2016 2:15 PM

Continued strong sales and high level of housing starts


· According to segment reporting, revenue increased to SEK 3,757m (3,417) and operating profit increased to SEK 445m (372). The operating margin increased to 11.8 percent (10.9)
· Restated according to IFRIC 15, revenue increased to SEK 3,470m (3,300) and the operating profit increased to SEK 403m (361). This restatement is attributable to JM International and had a negative effect on earnings of SEK –42m (–11)
· Profit before tax increased to SEK 387m (342). Profit after tax increased to SEK 299m (261)
· Return on equity for the past twelve months amounted to 23.8 percent (27.4). Earnings per share for the first quarter increased to SEK 4.10 (3.50)
· Consolidated cash flow including net investment in properties was SEK 601m (–273)
· Number of residential units sold increased to 927 (843) and housing starts increased to 856 (748)