JM publishes interim report for the second quarter
The report shows production starts and CEO Mikael Åslund comments on increased sales and price increase.
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Nordic residential project developer
jm.seLast updated
In short: JM reported increased sales and a recovering Swedish housing market while undergoing strategic restructuring and Nordic expansions.
The report shows production starts and CEO Mikael Åslund comments on increased sales and price increase.
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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