Brief: Jm Q4 Revenue Down At Sek 3.40 Mln

JM AB

30/01/2024 08:09

Jan 30 (Reuters) - JM AB  JM.ST :
    * Q4 REVENUE SEK 3,407 MILLION VERSUS SEK 5,152 MILLION YEAR
AGO
    * Q4 OPERATING LOSS SEK 90 MILLION VERSUS PROFIT SEK 767
MILLION
YEAR AGO
    * Q4 CONSOLIDATED CASH FLOW INCL. NET INVESTMENT IN
PROPERTIES SEK
404 MILLION VERSUS SEK 354 MILLION YEAR AGO
    * Q4 RESIDENTIAL UNITS SOLD 773  VERSUS 462 YEAR AGO
    * PROPOSES DIVIDEND OF SEK  3 PER SHARE VERSUS SEK 14.00
YEAR AGO
    * AS RESULT OF WEAKER HOUSING MARKET, EXTERNAL MARKET
VALUATION
INDICATED IMPAIRMENT NEEDED ON FEW SPECIFIC DEVELOPMENT AND
PROJECT PROPERTIES
    * INTENTION IS THAT EGM IN Q4 2024 PROPOSES ADDITIONAL
DIVIDEND OF
SEK 3 PER SHARE
    * PRICES ON EXISTING HOME MARKET IN SWEDEN HAVE FALLEN BACK
TO
SAME LEVEL AS IN 2020
    * TRANSACTION VOLUME WAS LOW IN Q ON ALL OUR MARKETS
    * EXPECTATION OF LOWERED MARKET RATES HAS NOT YET HAD
NOTICEABLE
EFFECT ON WILLINGNESS TO BUY A NEW HOME
    * Q4 HOUSING STARTS  740 VERSUS 898 YEAR AGO
    * TO AVOID CAPITAL TIE-UP IN COMPLETED RESIDENTIAL UNITS,
PRICES
WERE ADJUSTD IN Q4 FOR CERTAIN UNITS

Source text for Eikon:  ID:nWkr1xWhVM 
Further company coverage:  JM.ST 

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