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JM.ST on Stockholm Stock Exchange

14 Dec 2017
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Latest Key Developments (Source: Significant Developments)

JM residential sales fall more than forecast​
Thursday, 26 Oct 2017 02:00am EDT 

Oct 26 (Reuters) - JM AB :Jan-Sept ‍number of residential units sold was 2,416 vs yr-ago 2,918 and housing starts were 2,690 vs yr-ago 2,830​.Q3 residential units sold 681‍ vs yr-ago 960​.Q3 housing starts 971 units vs yr-ago 1,058.Q3 operating profit (segment) SEK 543‍​ mln vs yr-ago 521 mln.Q3 revenues (segment) SEK 3,813 ‍mln vs yr-ago 3,729 mln.Says ‍cautious market in Stockholm - stable market in rest of Sweden​.Reuters poll: JM Q3 housing starts seen at 1,016 units, residential units sold at 934, operating profit at SEK 544 million.Says demand for JM's residential units in Stockholm was lower during the summer and lower level of demand continued after the vacation period‍​.Says however, demand improved towards the end of the quarter.  Full Article

JM Jan-June operating profit beats forecasts
Friday, 14 Jul 2017 02:00am EDT 

July 14 (Reuters) - JM AB :Jan-June housing starts 1,719 units.Jan-Jun revenues (Ifric 15) SEK 8,651 million.Jan-Jun operating profit (Ifric 15) SEK 1,225 million.Reuters poll: JM Jan-Jun housing starts were seen at 1,799 units, operating profit at SEK 1,158 million.  Full Article

JM's board of directors decided on buy-back of shares
Thursday, 27 Apr 2017 01:30pm EDT 

April 27 (Reuters) - JM Ab :Jm's board of directors decided on buy-back of shares.Board of directors of JM decided to exercise mandate for buy-back of own shares that it received from annual general meeting.Acquisition of ordinary shares in JM AB may only occur on Nasdaq Stockholm.Acquisition of ordinary shares in JM AB may only occur at a price within Nasdaq Stockholm current spread.Total amount of shares in JM is 73 million.  Full Article

JM Q1 operating profit rises to SEK 570 mln
Thursday, 27 Apr 2017 08:00am EDT 

April 27 (Reuters) - JM AB :According to segment reporting Q1 revenue SEK 4,245 million (3,757).According to segment reporting Q1 operating profit SEK 570 million (445).According to segment reporting Q1 housing starts 813 (856).  Full Article

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