JM Year-end Report January-December 2022
Strong result in a weak market
Revenue increased to SEK 16,385m (14,608).
Operating profit decreased to SEK 2,064m (2,216). The operating margin decreased to 12.6 percent (15.2).
Gains/losses from sale of properties and from joint venture of SEK −11m (436) are included in the operating profit.
Profit before tax decreased to SEK 1,994m (2,158), and profit after tax decreased to SEK 1,575m (1,798).
Return on equity for the past twelve months amounted to 17.9 percent (21.9). Earnings per share during the year amounted to SEK 23.40 (25.90).
Consolidated cash flow including net investment in properties amounted to −261m (2,287).
The number of residential units sold decreased to 2,659 (4,248), and housing starts to 3,113 (3,972).
Surplus value of development properties was SEK 6.7bn (7.2).
The Board of Directors proposes SEK 14.00 (13.50) in dividend for 2022.
The Board of Directors proposes a renewed mandate to buy back shares.
Financial information according to segment reporting.