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STRONG SALES AND HIGHER LEVEL OF HOUSING STARTS

Report 2/4/2016 7:00 AM


· According to segment reporting, revenue increased to SEK 14,447m (13,869) and operating profit amounted to SEK 1,590m (1,716). The operating margin decreased to 11.0 percent (12.4) due to a change in the project composition in JM Residential Stockholm
· Restated in accordance with IFRIC 15, revenue decreased to SEK 13,939m (14,216) and operating profit decreased to SEK 1,499m (1,819). The restatement is related to JM International and had a negative effect on earnings of SEK –91m (103)
· Profit before tax decreased to SEK 1,427m (1,744). Profit after tax decreased to SEK 1,085m (1,306)
· Return on equity for the past twelve months amounted to 23.7 percent (28.7). Earnings per share during the year amounted to SEK 14.50 (17.00)
· Consolidated cash flow including net investment in properties was SEK –230m (978)
· The number of sold residential units increased to 3,770 (3,195) and housing starts increased to 3,731 (3,445)
· Surplus value of development properties was SEK 4.2bn (2.8)
· The Board of Directors proposes a dividend of SEK 8.25 (8.00) for 2015, as well as renewed buy-back authorization.