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JM.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

Builder JM wins 160 mln SEK order in Stockholm
Friday, 10 Feb 2017 01:48am EST 

Jm Ab : Jm construction building energy-efficient homes in norra djurgårdsstaden, stockholm . JM Construction has signed an agreement with Riksbyggen to construct 49 residential units, a preschool and a parking garage through a turnkey contract . Construction start-up is planned for Q2 2017, and the contract will be completed at the end of 2018 .The total contract amounts to approximately SEK 160m, which will be evenly distributed across the term of the agreement.  Full Article

ALM Equity intends to acquire Småa AB
Wednesday, 8 Feb 2017 01:00am EST 

ALM Equity AB : Reaches conditional agreement on acquisition of JM's (35.7 pct) and HSB's (35.7 pct) shares in Småa AB . Purchase price for 71.4 pct of shares is 620.3 million Swedish crowns ($69.89 million) . Condition for deal to be carried out is that significant number of remaining shareholders in Småa AB sells their holdings .Total purchase price is 870 million crowns and would be financed via bank loan of 600 million crowns and preference shares.  Full Article

JM sells stake in Smaa AB
Wednesday, 8 Feb 2017 01:00am EST 

JM AB : Says has signed an agreement with Alm Equity AB for the sale of all of JM's shares in Smaa AB . Says shares represent 35.7% of the shares and votes in the company . The purchase price for the shares is SEK 310m . Occupancy and payment are expected to be completed during the first six months of 2017 .Says provided that the transaction is completed, it will result in earnings of SEK 275m.  Full Article

Builder JM 2016 EBIT, dividend slightly above expectations
Tuesday, 7 Feb 2017 02:00am EST 

JM AB : 12 mths housing starts increased to 4,187 (3,731) . Jm ab says proposes a dividend of sek 9.50 (8.25) for 2016, as well as renewed buy-back authorization . Jm ab, jan-dec restated in accordance with ifric 15, revenue increased to sek 15,291m (13,939) and operating profit increased to sek 1,931m (1,499). .Reuters poll: jm fy16 housing starts were seen at 3,951 units, operating profit 1.91 billion sek, dividend at 8.84per share.  Full Article

JM says buys Oslo property for SEK 170 mln
Thursday, 17 Nov 2016 10:00am EST 

JM AB : JM acquires development property in Oslo . Says acquisition is expected to enable development of 175 residential units .Says purchase sum amounts to approximately SEK 170 million.  Full Article

JM Q3 operating profit beats forecasts
Wednesday, 26 Oct 2016 02:00am EDT 

JM AB : Q3 revenue 3,661 mln SEK vs 3,754 mln seen in Reuters poll . Q3 operating profit 510 mln SEK vs 466 mln seen in Reuters poll . Q3 housing starts 1,058 vs 983 seen in Reuters poll . Jan-Sep operating profit increased to SEK 1,334 mln vs year-ago 1,088 mln . 9M revenue increased to SEK 10,997 mln . 9M housing starts increased to 2,830 .Reuters poll: JM Jan-Sep housing starts were seen at 2,755 units, revenues at 11.1 billion SEK, operating profit 1.29 billion SEK.  Full Article

JM CEO says plans to start more housing projects in 2016 than in 2015
Friday, 15 Jul 2016 05:04am EDT 

JM AB comments on telephone conference: CEO says plans to start more housing projects in 2016 than 2015 level of 3,700 . CEO says sees stable house prices . CEO says has not seen any impact on Swedish house prices from new amortisation rule . CFO says improved Q2 operating margin for JM Riks is not due to any temporary factors Further company coverage: [JM.ST] (Reporting by Oskar von Bahr) ((Oskar.vonBahr@thomsonreuters.com;)).  Full Article

JM Q2 operating profit lags forecasts
Friday, 15 Jul 2016 02:00am EDT 

JM : Q2 operating profit (IFRIC 15) SEK 421 mln (361) vs 456 mln seen in Reuters poll . Q2 construction starts 916 vs 945 seen in Reuters poll . 6M restated according to IFRIC 15, revenue increased to SEK 7,336 mln (6,785) and operating profit increased to SEK 824 mln (722) . 6M housing starts amounted to 1,772 (1,777) .Reuters poll: Jan-Jun housing starts were seen at 1,801 units, revenues at 7.491 billion SEK, operating profit 859 million SEK.  Full Article

JM sells property in Copenhagen
Friday, 20 May 2016 10:00am EDT 

JM AB : Says selling property in Humlebæk, Copenhagen . Says deal is worth SEK 20 million .Says property consists of 34 building rights.  Full Article

JM Construction wins tender, contract worth SEK 135 mln
Monday, 2 May 2016 06:05am EDT 

JM AB:JM construction wins tender in new Danderyd Centrum, Stockholm.Total contract amounts to more than 135 million Swedish crowns.  Full Article

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