JM reports increased sales and strong cash flow in the interim report
Revenue increased to SEK 5,796 million, operating profit to SEK 283 million and cash flow from operating activities to SEK 728 million.
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Nordic residential project developer
jm.seLast updated
In short: JM reported decreased annual earnings, appointed new leadership for JM Stockholm, and secured a SEK 4.2 billion credit facility.
Revenue increased to SEK 5,796 million, operating profit to SEK 283 million and cash flow from operating activities to SEK 728 million.
The project includes 98 condominiums in Gamlestaden, Gothenburg, with move-in in the first quarter of 2028.
She has been at JM for 14 years, most recently as head of project development, and leaves in August.
The projects in Upplands Väsby, Uppsala and Solna comprise 304 rental apartments for SEK 1,125 million. Production start 2026-2027, completion 2027-2029.
Handelsbanken, SHB, believes that housing developer JM is back to a reasonable valuation after the stock drop in connection with the latest interim report."A reasonable...
The peak of the earnings season is at hand with next week's deluge, but already on Friday a large number of companies have opened their books. The Friday stock market looks set to open slightly negative.
Homebuilder JM reports an operating profit of 70 million kronor for the third quarter of the year. That compares with 116 million kronor in the same quarter last year.
JM reports more sold homes compared to the same period last year and beats analysts' estimates. At the same time, operating profit declines.
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