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JM AB (JM.ST)

JM.ST on Stockholm Stock Exchange

173.30SEK
14 Dec 2018
Change (% chg)

-2.85kr (-1.62%)
Prev Close
176.15kr
Open
176.15kr
Day's High
176.20kr
Day's Low
171.50kr
Volume
418,486
Avg. Vol
627,897
52-wk High
212.60kr
52-wk Low
144.55kr

Latest Key Developments (Source: Significant Developments)

Sweden's JM Q3 Profit Falls, To Review Construction Business
Thursday, 25 Oct 2018 

Oct 25 (Reuters) - JM AB ::9MOS REVENUE DECREASED TO SEK 12,011M (12,457) AND OPERATING PROFIT DECREASED TO SEK 1,443M (1,731).9MOS NUMBER OF RESIDENTIAL UNITS SOLD DECREASED TO 1,712 (2,416) AND HOUSING STARTS DECREASED TO 2,097 (2,690).Q3 NUMBER OF RESIDENTIAL UNITS SOLD DECREASED TO 613 (681) AND HOUSING STARTS DECREASED TO 680 (971).SAYS OPERATIONS IN JM CONSTRUCTION WILL BE ASSESSED DURING THE FOURTH QUARTER WITH REGARD TO FUTURE FOCUS AND SCOPE.Q3 REVENUE AMOUNTED TO SEK 3,832M (3,813) AND OPERATING PROFIT DECREASED TO SEK 411M (543).SAYS HOUSING MARKET IN STOCKHOLM IS CAUTIOUS, BUT STABILIZATION CONTINUED IN THE THIRD QUARTER.SAYS SALES OF OUR RESIDENTIAL UNITS IN STOCKHOLM SHOWED POSITIVE DEVELOPMENT IN THE THIRD QUARTER.SAYS HOUSING STARTS IN STOCKHOLM DURING THE QUARTER WERE SUPPORTED BY A NORMAL LEVEL OF RESERVATIONS, AND PROFITABILITY CONTINUES TO BE GOOD IN THE CURRENT PRODUCTION VOLUME.SAYS PART OF OUR CONTRACTING OPERATIONS IN STOCKHOLM HAVE PROFITABILITY PROBLEMS.SAYS HOUSING OPERATIONS IN THE REST OF SWEDEN ARE SHOWING GOOD PROFITABILITY IN A LARGELY STABLE MARKET.SAYS PLANNING TO INCREASE THE NUMBER OF HOUSING STARTS IN NORWAY IN THE FOURTH QUARTER.  Full Article

JM January-June operating profit in line with forecasts
Friday, 13 Jul 2018 

July 13 (Reuters) - JM AB ::SAYS REVENUE DECREASED TO SEK 8,179M (8,644) AND OPERATING PROFIT DECREASED TO SEK 1,032M (1,188).SAYS JAN-JUN NUMBER OF SOLD RESIDENTIAL UNITS DECREASED TO 1,099 (1,735) AND HOUSING STARTS WERE 1,417 (1,719).REUTERS POLL: JM JAN-JUN REVENUE SEEN AT 8,068 MILLION SEK, OPERATING PROFIT AT 1,039 MILLION SEK.SAYS SOME STABILIZATION OF HOUSING MARKET IN STOCKHOLM - STABLE DEVELOPMENT ON OTHER MARKETS.SAYS WE ARE PLANNING FOR MORE HOUSING STARTS DURING THE SECOND SIX MONTHS PROVIDED THAT THE HOUSING MARKET CONTINUES TO STABILIZE AND PLANNING PROCESSES CONTINUE TO BE STABLE.  Full Article

JM Q1 operating profit just above forecast, housing starts decreased
Friday, 27 Apr 2018 

April 27 (Reuters) - JM AB ::Q1 REVENUE DECREASED TO SEK 4,054M (4,245) AND OPERATING PROFIT DECREASED TO SEK 528M (570).Q1 NUMBER OF RESIDENTIAL UNITS SOLD DECREASED TO 480 (864) AND HOUSING STARTS DECREASED TO 570 (813).REUTERS POLL: JM Q1 REVENUE SEEN AT 3,909 MILLION SEK, OPERATING PROFIT SEGMENTS AT 522 MILLION SEK.SAYS CAUTIOUS MARKET FOR NEW PRODUCTION IN STOCKHOLM - STABILIZATION OF HOUSE PRICES IN SWEDEN AND NORWAY.SAYS WE ARE PLANNING TO INCREASE THE NUMBER OF HOUSING STARTS DURING THE YEAR, ASSUMING THAT THE HOUSING MARKET STABILIZES AND THAT PLANNING PROCESSES ARE STABLE.  Full Article

JM residential sales fall more than forecast​
Thursday, 26 Oct 2017 

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