JM AB: JM Year-end Report January-December 2024

Improved earnings trend during the quarter in a cautious market.

• Revenue amounted to SEK 12,507m (13,851).
• Operating profit decreased to SEK 531m (732) and was burdened by impairment in development and project properties of SEK -72m (-258). The operating margin decreased to 4.2 percent (5.3).
• Profit before tax decreased to SEK 403m (632), and profit after tax decreased to SEK 246m (433).
• Return on equity was 2.9 percent (5.0).
• Earnings per share amounted to SEK 3.83 (6.72).
• Consolidated cash flow including net investment in properties amounted to SEK -268m (-48).
• The number of residential units sold increased to 2,778 (1,901), and housing starts increased to 2,237 (1,609).
• According to IFRS, revenue amounted to SEK 14,272m (15,969), and earnings per share to SEK 5.48 (15.95).
• Surplus value of development properties amounted to SEK 5.2bn (5.6).
• The Board of Directors proposes a dividend of SEK 3.25 (3.00) for 2024.

"We have significantly increased both sales and housing starts during the year."
Mikael Åslund, President and CEO

Financial information according to segment reporting.

For additional information, please contact:
Tobias Bjurling, CFO
E-mail [e-mail] Tel [phone]

This information is information that JM AB is obliged to make public pursuant to the EU Market Abuse Regulation. The information was submitted for publication, through the agency of the contact person set out above, at 08:00 CET on 2025-01-31.

JM is one of the leading developers of housing and residential areas in the Nordic region. Operations focus on new production of homes in attractive locations, with emphasis on expanding metropolitan areas and university towns in Sweden, Norway and Finland. We are also involved in project development of commercial premises and contract work, primarily in the Greater Stockholm area. JM should promote long-term sustainability work in all of its operations. Annual sales total approximately SEK 13 billion and the company has about 2,000 employees. JM is a public limited company listed on NASDAQ Stockholm, in the Large Cap segment. More information is available at www.jm.se/en.