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JM AB (JM.ST)

JM.ST on Stockholm Stock Exchange

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Latest Key Developments (Source: Significant Developments)

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

JM CEO says plans to start more housing projects in 2016 than in 2015
Friday, 15 Jul 2016 

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 

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