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.