Anuncio • Jan 31
JM AB (publ) announces Annual dividend, payable on April 23, 2026 JM AB (publ) announced Annual dividend of SEK 2.0000 per share payable on April 23, 2026, ex-date on April 17, 2026 and record date on April 20, 2026. Anuncio • Jan 29
JM AB (publ) to Report Fiscal Year 2025 Final Results on Mar 23, 2026 JM AB (publ) announced that they will report fiscal year 2025 final results on Mar 23, 2026 Anuncio • Jan 22
JM AB Appoints Henrik Brinck Landelius as the new head of the business segment JM Stockholm, Effective February 9, 2026 JM AB recruited Henrik Brinck Landelius as the new head of the business segment JM Stockholm. Henrik will take up his position on February 9, 2026, and will be part of JM’s Executive Management Team. Henrik Brinck Landelius will be responsible for leading the Group’s business segment JM Stockholm, which also includes JM Property Development as of January 1, 2026. Henrik most recently served as CEO of Ariem, a Nordic fund manager and property owner. Prior to that, he held roles including Business Area Manager and member of the Executive Management Team at NCC, as well as Head of Project Development at Fastighets AB LE Lundberg. Anuncio • Nov 29
Jm Starting Production of Housing in Kvarnholmen, Nacka JM has started the production of the Kvarnholmens Krona project, consisting of 96 tenant-owned apartments. With four buildings and a garage in an adjacent structure, the Kvarnholmens Krona project represents the final stage in the Sillkajen area. Sales are underway, and occupancy is planned to start in the third quarter of 2027, with estimated completion at the turn of the year 2027/2028. The housing start is reported within the JM Residential Stockholm business segment in the fourth quarter of 2025. With the start of Kvarnholmens Krona, JM will have started production of 1,071 residential units in Kvarnholmen, of which 169 are not yet completed. A total of approximately 3,500 residential units are expected to be built in Kvarnholmen, with JM accounting for about half of them. Anuncio • Oct 15
JM AB (publ), Annual General Meeting, Apr 16, 2026 JM AB (publ), Annual General Meeting, Apr 16, 2026. Anuncio • Sep 27
JM Starts Production of Housing in Marievik, Stockholm JM has started the production of the project Rex, consisting of 128 tenant-owned apartments. Located on Marieviks Udde in a central location next to Lake Malaren just south of Hornstull, the Rex project is part of a larger block and consists of four stairwells with an underlying garage. Sales are underway and occupancy is expected to start in the third quarter of 2028, with estimated completion at the turn of the year28/2029. The housing start is reported within the JM Bostad Stockholm business segment in the third quarter of 2025. This is the second housing start for JM within Marieviks Udde, where there will be a total of four blocks with approximately 620 residential units, a preschool and commercial premises. Anuncio • Sep 18
JM Starts Production of Housing in Nacka JM has started the production of 83 freehold apartments in the Akva project in the Centrala Nacka district. Akva is part of a larger block and consists of four stairwells with underground garages next to Nacka Strand and Nacka Forum, centrally located by the upcoming metro. Sales are underway and occupancy is expected to start in the third quarter of 2027, with estimated completion at the turn of the year 2027/2028. The housing start is reported within the JM Bostad Stockholm business segment in the third quarter of 2025. Anuncio • Aug 05
JM AB (publ) to Report Fiscal Year 2025 Results on Jan 30, 2026 JM AB (publ) announced that they will report fiscal year 2025 results on Jan 30, 2026 Anuncio • Jun 27
Jm Starts Production of 165 Rental Units in Sollentuna JM starts the production of a rental project in the Vasjo Port area in Sollentuna. Production of the residential units in the project Vasjo Port will start in the second quarter of 2025 and will be reported as a project property in the business segment JM Property Development's balance sheet until the property is sold. Completion is estimated for the second quarter of 2027. Vasjo is an area under development in the eastern part of Sollentuna municipality, located approximately 15 kilometers north of Stockholm. The rental units in Vasjo Port will be located near the lake with proximity to a ski slope and nature reserve as well as a new school, grocery store and public transportation. There will also be a so-called mobility house directly adjacent, with a garage and rental of various types of transportation. Anuncio • Apr 09
JM AB (publ) Resolves to Pay Dividend, Payable on April 16, 2025 JM AB (publ) at its annual general meeting held on April 9, 2025, resolved to pay a dividend of SEK 3.25 per share. The record date for payment has been set on April 11, 2025. Euroclear Sweden AB is expected to send the dividend on April 16, 2025. Anuncio • Mar 31
JM Starts Production of Housing in Gothenburg JM has started the production of 67 residential units in the Eriksberg district in central Gothenburg. The production of the two apartment buildings, each with seven floors, has begun in the first quarter of 2025 and the sale of the tenant-owned apartments is ongoing. The apartments will be in a prime location on Hisingen with good communications and proximity to the Gota Alv. Completion is planned for the first quarter of 2027. The residential units are JM's first within the Saterigatan detailed plan, where a total of approximately 1,100 residential units, a new preschool and business premises are planned, where JM will develop a total of approximately 350 residential units. Anuncio • Feb 01
JM AB (publ), Annual General Meeting, Apr 09, 2025 JM AB (publ), Annual General Meeting, Apr 09, 2025. Anuncio • Jan 31
JM AB (Publ) Proposes Dividend for 2024 JM AB (publ) proposes a dividend of SEK 3.25 (3.00) for 2024. Anuncio • Jan 08
JM AB (Publ) Announces Appointment of Maria Branestam as Director of HR, Effective No Later Than July 4, 2025 JM AB (publ) announced the appointment of Maria Branestam as Director of HR and will be responsible for leading the Group HR organization. Maria will take up the position no later than July 4, 2025, and will be part of JM's Executive Management. Maria Branestam holds a degree in social work and comes most recently from MAX Burgers AB, where she has been Head of HR Operations since 2021. Prior to that, she has held similar roles in, among others, Martin & Servera and Nordea. Anuncio • Oct 23
JM AB (publ) to Report Q1, 2025 Results on Apr 24, 2025 JM AB (publ) announced that they will report Q1, 2025 results on Apr 24, 2025 Anuncio • Aug 20
JM AB (publ) Announces Potential Lay-Off Within the Production Organization JM AB (publ) announced 145 potential lay-offs within the production organization in Sweden due to redundancy. Despite signs of an improved housing market, it remains cautious. The market situation has led to new housing projects not being able to start at the same pace and with the corresponding number of residential units as in the projects that have been completed. It is therefore necessary to adapt the staffing in the production organization to the redundancy that arises in connection with fewer housing starts. The potential lay-offs mainly concerns wage-earners in the Swedish production organization. Even though JM sees an increased interest from customers, it will take more time for the housing market to recover to the volumes that have been prevalent in the new production of housing in recent years. Anuncio • Jul 11
JM AB (publ) to Report Fiscal Year 2024 Results on Jan 31, 2025 JM AB (publ) announced that they will report fiscal year 2024 results on Jan 31, 2025 Reported Earnings • Jul 11
Second quarter 2024 earnings released: EPS: kr2.54 (vs kr3.44 in 2Q 2023) Second quarter 2024 results: EPS: kr2.54 (down from kr3.44 in 2Q 2023). Revenue: kr4.67b (up 38% from 2Q 2023). Net income: kr164.0m (down 26% from 2Q 2023). Profit margin: 3.5% (down from 6.6% in 2Q 2023). The decrease in margin was driven by higher expenses. Revenue is forecast to stay flat during the next 3 years compared to a 5.8% growth forecast for the Consumer Durables industry in Europe. Over the last 3 years on average, earnings per share has fallen by 19% per year whereas the company’s share price has fallen by 15% per year. Anuncio • Jun 26
JM AB (publ) Announces Resignation of Malin Lundgren as Director of Human Resources, Effective July 5, 2024 JM AB (publ) announced Malin Lundgren, Director of Human Resources, has chosen to leave the company. Malin will leave her position on July 5, 2024, after nearly four years with the company. JM's HR work has developed in a more strategic and business-oriented direction during Malin Lundgren's time as Director of Human Resources. Recent Insider Transactions • Jun 13
Insider recently bought €692k worth of stock On the 7th of June, Maria Backman bought around 39k shares on-market at roughly €17.75 per share. This transaction increased Maria's direct individual holding by 29x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €828k more in shares than they have sold in the last 12 months. Anuncio • Apr 20
JM AB (publ) Approves the Appointment of Liia Nõu as New Board Member JM AB (publ) at its Annual General Meeting held on April 18, 2024, approved the appointment of Liia Nõu as new Board Member. Anuncio • Apr 19
JM AB (publ) Approves Dividend, Payable on April 25, 2024 JM AB (publ) at its Annual General Meeting held on April 18, 2024, resolved to pay a dividend of SEK 3 per share. The record date for payment has been set on April 22, 2024. Euroclear Sweden AB is expected to send the dividend on April 25, 2024. Upcoming Dividend • Apr 12
Upcoming dividend of kr3.00 per share Eligible shareholders must have bought the stock before 19 April 2024. Payment date: 25 April 2024. Payout ratio is a comfortable 19% and the cash payout ratio is 86%. Trailing yield: 1.6%. Lower than top quartile of German dividend payers (4.8%). Lower than average of industry peers (4.3%). Reported Earnings • Mar 27
Full year 2023 earnings released: EPS: kr15.95 (vs kr22.80 in FY 2022) Full year 2023 results: EPS: kr15.95 (down from kr22.80 in FY 2022). Revenue: kr15.7b (flat on FY 2022). Net income: kr1.03b (down 33% from FY 2022). Profit margin: 6.5% (down from 9.7% in FY 2022). Revenue is expected to decline by 5.0% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 5.4%. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 13% per year, which means it is significantly lagging earnings. Anuncio • Mar 20
JM AB (publ) to Report Fiscal Year 2023 Final Results on Mar 25, 2024 JM AB (publ) announced that they will report fiscal year 2023 final results on Mar 25, 2024 Reported Earnings • Jan 31
Full year 2023 earnings released: EPS: kr15.95 (vs kr22.80 in FY 2022) Full year 2023 results: EPS: kr15.95 (down from kr22.80 in FY 2022). Revenue: kr16.0b (up 1.5% from FY 2022). Net income: kr1.03b (down 33% from FY 2022). Profit margin: 6.4% (down from 9.7% in FY 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 9.8% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 5.7%. Over the last 3 years on average, earnings per share has remained flat but the company’s share price has fallen by 20% per year, which means it is significantly lagging earnings. Anuncio • Jan 30
Jm AB (Publ) Proposes Dividend for 2023 JM AB (publ) proposed SEK 3.00 (14.00) in dividend for 2023 with the intention of an extraordinary general meeting in the fourth quarter of 2024 to propose resolution on an additional dividend of SEK 3.00. Anuncio • Jan 11
JM AB (publ) to Report Fiscal Year 2023 Results on Jan 30, 2024 JM AB (publ) announced that they will report fiscal year 2023 results at 8:00 AM, Central European Standard Time on Jan 30, 2024 Valuation Update With 7 Day Price Move • Dec 19
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €15.43, the stock trades at a forward P/E ratio of 17x. Average forward P/E is 11x in the Consumer Durables industry in Europe. Total loss to shareholders of 33% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €6.66 per share. Valuation Update With 7 Day Price Move • Nov 01
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €9.36, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 10x in the Consumer Durables industry in Europe. Total loss to shareholders of 55% over the past three years. New Risk • Oct 28
New minor risk - Share price stability The company's share price has been volatile over the past 3 months. It is more volatile than 75% of German stocks, typically moving 6.3% a week. This is considered a minor risk. Share price volatility indicates the stock is highly sensitive to market conditions or economic conditions rather than being sensitive to its own business performance, which may also be inconsistent. It also increases the risk of potential losses in the short term as the stock tends to have larger drops in price more frequently than other stocks. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 43% per year for the foreseeable future. Minor Risks Paying a dividend despite having no free cash flows. Share price has been volatile over the past 3 months (6.3% average weekly change). Reported Earnings • Oct 27
Third quarter 2023 earnings released: EPS: kr5.46 (vs kr4.14 in 3Q 2022) Third quarter 2023 results: EPS: kr5.46 (up from kr4.14 in 3Q 2022). Revenue: kr4.45b (up 72% from 3Q 2022). Net income: kr352.0m (up 28% from 3Q 2022). Profit margin: 7.9% (down from 11% in 3Q 2022). The decrease in margin was driven by higher expenses. Revenue is expected to decline by 26% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 6.1%. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 26% per year, which means it is significantly lagging earnings. Valuation Update With 7 Day Price Move • Aug 22
Investor sentiment deteriorates as stock falls 17% After last week's 17% share price decline to €11.39, the stock trades at a forward P/E ratio of 10x. Average forward P/E is 11x in the Consumer Durables industry in Europe. Total loss to shareholders of 46% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €10.40 per share. New Risk • Jul 14
New major risk - Revenue and earnings growth Earnings are forecast to decline by an average of 27% per year for the foreseeable future. This is considered a major risk. Ultimately, shareholders want to see a good return on their investment and that generally comes from sharing in the company's profits. If profits are expected to decline, then in most cases the share price will decline over time as well. In addition, if the company pays dividends it will also likely need to reduce or cut them, striking a dual blow to total shareholder returns. Currently, the following risks have been identified for the company: Major Risks Debt is not well covered by operating cash flow (currently running at an operating cash loss). Earnings are forecast to decline by an average of 27% per year for the foreseeable future. Minor Risk Paying a dividend despite having no free cash flows. Reported Earnings • Jul 13
Second quarter 2023 earnings released: EPS: kr3.44 (vs kr4.56 in 2Q 2022) Second quarter 2023 results: EPS: kr3.44 (down from kr4.56 in 2Q 2022). Revenue: kr3.38b (down 7.8% from 2Q 2022). Net income: kr222.0m (down 28% from 2Q 2022). Profit margin: 6.6% (down from 8.4% in 2Q 2022). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 16% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 6.6%. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 18% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jun 11
Chief Executive Officer of JM Suomi Oy recently bought €27k worth of stock On the 9th of June, Markus Heino bought around 2k shares on-market at roughly €12.45 per share. This transaction increased Markus' direct individual holding by 22x at the time of the trade. In the last 3 months, there was an even bigger purchase from another insider worth €124k. Insiders have collectively bought €598k more in shares than they have sold in the last 12 months. Anuncio • May 18
AMF Fonder AB and AMF Tjänstepension AB acquired an unknown minority stake in JM AB (publ). AMF Fonder AB and AMF Tjänstepension AB acquired an unknown minority stake in JM AB (publ) on May 17, 2023.AMF Fonder AB and AMF Tjänstepension AB completed the acquisition of an unknown minority stake in JM AB (publ) on May 17, 2023. Recent Insider Transactions • May 04
Insider recently bought €124k worth of stock On the 28th of April, Jan Strömberg bought around 8k shares on-market at roughly €14.66 per share. This transaction increased Jan Strömberg's direct individual holding by 3x at the time of the trade. This was the largest purchase by an insider in the last 3 months. Insiders have collectively bought €502k more in shares than they have sold in the last 12 months. Valuation Update With 7 Day Price Move • Mar 25
Investor sentiment deteriorates as stock falls 16% After last week's 16% share price decline to €15.05, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 10x in the Consumer Durables industry in Germany. Total returns to shareholders of 5.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €13.89 per share. Upcoming Dividend • Mar 24
Upcoming dividend of kr14.00 per share at 8.2% yield Eligible shareholders must have bought the stock before 31 March 2023. Payment date: 06 April 2023. Payout ratio is a comfortable 61% but the company is not cash flow positive. Trailing yield: 8.2%. Within top quartile of German dividend payers (4.7%). Higher than average of industry peers (4.2%). Reported Earnings • Mar 10
Full year 2022 earnings released: EPS: kr22.80 (vs kr26.06 in FY 2021) Full year 2022 results: EPS: kr22.80 (down from kr26.06 in FY 2021). Revenue: kr15.7b (flat on FY 2021). Net income: kr1.53b (down 15% from FY 2021). Profit margin: 9.7% (down from 12% in FY 2021). Revenue is expected to decline by 14% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 5.2%. Over the last 3 years on average, earnings per share has increased by 4% per year whereas the company’s share price has increased by 1% per year. Anuncio • Feb 06
JM AB (publ) to Report Q1, 2023 Results on Apr 27, 2023 JM AB (publ) announced that they will report Q1, 2023 results on Apr 27, 2023 Reported Earnings • Feb 03
Full year 2022 earnings released: EPS: kr22.80 (vs kr26.06 in FY 2021) Full year 2022 results: EPS: kr22.80 (down from kr26.06 in FY 2021). Revenue: kr15.7b (flat on FY 2021). Net income: kr1.53b (down 15% from FY 2021). Profit margin: 9.7% (down from 12% in FY 2021). Revenue is expected to decline by 14% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 5.3%. Over the last 3 years on average, earnings per share has increased by 4% per year but the company’s share price has fallen by 10% per year, which means it is significantly lagging earnings. Anuncio • Nov 16
JM AB (Publ) Announces Resignation of Carl Bandhold as CFO JM AB (publ) announced Carl Bandhold, CFO, has resigned at his own request. Carl's successor will be announced separately where the recruitment process will be started immediately. Carl will remain in his position during the notice period, up to and including May 2023 at the latest. Anuncio • Oct 29
JM AB (publ) to Report Fiscal Year 2022 Results on Feb 01, 2023 JM AB (publ) announced that they will report fiscal year 2022 results at 9:00 AM, Central European Standard Time on Feb 01, 2023 Reported Earnings • Oct 28
Third quarter 2022 earnings released: EPS: kr3.69 (vs kr4.40 in 3Q 2021) Third quarter 2022 results: EPS: kr3.69 (down from kr4.40 in 3Q 2021). Revenue: kr3.00b (down 4.2% from 3Q 2021). Net income: kr246.0m (down 19% from 3Q 2021). Profit margin: 8.2% (down from 9.7% in 3Q 2021). The decrease in margin was driven by lower revenue. Revenue is expected to decline by 12% p.a. on average during the next 3 years, while revenues in the Consumer Durables industry in Germany are expected to grow by 4.4%. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has fallen by 14% per year, which means it is significantly lagging earnings. Anuncio • Oct 13
Swedbank Robur Fonder AB acquired a 5.07% stake in JM AB (publ). Swedbank Robur Fonder AB acquired a 5.07% stake in JM AB (publ) on October 12, 2022.Swedbank Robur Fonder AB completed the acquisition of a 5.07% stake in JM AB (publ) on October 12, 2022. Anuncio • Sep 29
JM AB (Publ) Announces Annica Ånäs Leaves Board of Directors Due to the recruitment of personnel, representatives of JM assess that there is a risk of a conflict of interest between Annica Ånäs's role as board member of JM and her role as CEO of Atrium Ljungberg AB. Annica Ånäs has therefore chosen to leave JM's Board of Directors. Valuation Update With 7 Day Price Move • Sep 13
Investor sentiment improved over the past week After last week's 15% share price gain to €18.84, the stock trades at a forward P/E ratio of 9x. Average forward P/E is 8x in the Consumer Durables industry in Germany. Total loss to shareholders of 4.5% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €21.13 per share. Reported Earnings • Jul 13
Second quarter 2022 earnings released: EPS: kr4.60 (vs kr6.89 in 2Q 2021) Second quarter 2022 results: EPS: kr4.60 (down from kr6.89 in 2Q 2021). Revenue: kr3.67b (down 9.7% from 2Q 2021). Net income: kr309.0m (down 35% from 2Q 2021). Profit margin: 8.4% (down from 12% in 2Q 2021). The decrease in margin was driven by lower revenue. Over the next year, revenue is expected to shrink by 1.7% compared to a 4.4% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 8% per year but the company’s share price has fallen by 12% per year, which means it is significantly lagging earnings. Recent Insider Transactions • Jun 09
Independent Director recently bought €20k worth of stock On the 1st of June, Thomas Thuresson bought around 1k shares on-market at roughly €20.00 per share. In the last 3 months, there was an even bigger purchase from another insider worth €128k. Despite this recent purchase, insiders have collectively sold €652k more in shares than they bought in the last 12 months. Anuncio • May 26
Swedish Fortifications Agency signed an agreement to acquire office project K1 Karlbergs Strand in Solna from JM AB (publ) (OM:JM) for SEK 2.4 billion. Swedish Fortifications Agency signed an agreement to acquire office project K1 Karlbergs Strand in Solna from JM AB (publ) (OM:JM) for SEK 2.4 billion on May 24, 2022. The property is under construction with planned occupancy in Q1 2025, which is when it is expected to be completed. The acquisition is conditional on a Government Decision, and payment will be made at occupancy. As of the Government’s decision, revenue and profit will be recognized gradually over the course of the build within the business segment JM Property Development. Recent Insider Transactions • May 08
CFO & Head of Investor Relations recently bought €128k worth of stock On the 3rd of May, Carl Bandhold bought around 6k shares on-market at roughly €21.38 per share. This was the largest purchase by an insider in the last 3 months. This was Carl's only on-market trade for the last 12 months. Reported Earnings • May 01
First quarter 2022 earnings released: EPS: kr5.03 (vs kr4.99 in 1Q 2021) First quarter 2022 results: EPS: kr5.03. Revenue: kr3.84b (up 7.8% from 1Q 2021). Net income: kr344.0m (flat on 1Q 2021). Profit margin: 9.0% (in line with 1Q 2021). Over the next year, revenue is forecast to grow 2.7%, compared to a 8.1% growth forecast for the industry in Germany. Anuncio • Apr 07
JM AB (publ) (OM:JM) agreed to acquire Three Properties in Veddesta, Järfälla for approximately SEK 170 million. JM AB (publ) (OM:JM) agreed to acquire Three Properties in Veddesta, Järfälla for approximately SEK 170 million on April 5, 2022. The acquired properties includes Veddesta 1:21, Veddesta 2:29 and Veddesta 2:55. The transaction is expected to complete in Q2 2022. Valuation Update With 7 Day Price Move • Mar 16
Investor sentiment improved over the past week After last week's 16% share price gain to €28.58, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Consumer Durables industry in Germany. Total returns to shareholders of 93% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €46.89 per share. Reported Earnings • Mar 11
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: kr26.06 (up from kr22.12 in FY 2020). Revenue: kr15.7b (down 3.8% from FY 2020). Net income: kr1.80b (up 17% from FY 2020). Profit margin: 12% (up from 9.4% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 4.6%, compared to a 7.9% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 15% per year, which means it is tracking significantly ahead of earnings growth. Valuation Update With 7 Day Price Move • Feb 25
Investor sentiment deteriorated over the past week After last week's 15% share price decline to €26.00, the stock trades at a forward P/E ratio of 12x. Average forward P/E is 11x in the Consumer Durables industry in Germany. Total returns to shareholders of 73% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €43.36 per share. Reported Earnings • Feb 04
Full year 2021 earnings: EPS in line with expectations, revenues disappoint Full year 2021 results: EPS: kr26.06 (up from kr22.12 in FY 2020). Revenue: kr15.7b (down 3.8% from FY 2020). Net income: kr1.80b (up 17% from FY 2020). Profit margin: 12% (up from 9.4% in FY 2020). The increase in margin was driven by lower expenses. Revenue missed analyst estimates by 2.1%. Over the next year, revenue is forecast to grow 4.6%, compared to a 7.2% growth forecast for the industry in Germany. Over the last 3 years on average, earnings per share has increased by 9% per year but the company’s share price has increased by 27% per year, which means it is tracking significantly ahead of earnings growth. Anuncio • Feb 02
JM AB (Publ) Proposes Dividend for 2021 JM AB (publ) announced that the Board of Directors proposes a dividend of SEK 13.50 for 2021, compared to SEK 12.75 a year ago. Recent Insider Transactions • Dec 29
Director of Operations Development recently sold €99k worth of stock On the 27th of December, Per Lundquist sold around 3k shares on-market at roughly €39.64 per share. In the last 3 months, there was an even bigger sale from another insider worth €445k. This was Per's only on-market trade for the last 12 months. Recent Insider Transactions • Dec 12
President & CEO recently sold €445k worth of stock On the 10th of December, Johan Skoglund sold around 11k shares on-market at roughly €39.82 per share. This was the largest sale by an insider in the last 3 months. This was Johan's only on-market trade for the last 12 months. Recent Insider Transactions • Dec 02
Employee Representative Deputy Director recently sold €40k worth of stock On the 25th of November, Jonny Änges sold around 1k shares on-market at roughly €39.88 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €296k more than they bought in the last 12 months. Reported Earnings • Oct 29
Third quarter 2021 earnings released: EPS kr4.40 (vs kr4.21 in 3Q 2020) The company reported a decent third quarter result with improved earnings and profit margins, although revenues were weaker. Third quarter 2021 results: Revenue: kr3.12b (down 8.9% from 3Q 2020). Net income: kr304.0m (up 3.8% from 3Q 2020). Profit margin: 9.7% (up from 8.6% in 3Q 2020). The increase in margin was driven by lower expenses. Over the last 3 years on average, earnings per share has increased by 5% per year but the company’s share price has increased by 28% per year, which means it is tracking significantly ahead of earnings growth. Recent Insider Transactions • Aug 18
Insider recently sold €198k worth of stock On the 12th of August, Maria Backman sold around 6k shares on-market at roughly €30.86 per share. This was the largest sale by an insider in the last 3 months. Insiders have been net sellers, collectively disposing of €213k more than they bought in the last 12 months. Executive Departure • Aug 18
CFO & Head of IR Claes Akesson has left the company On the 16th of August, Claes Akesson's tenure as CFO & Head of IR ended. We don't have any record of a personal shareholding under Claes' name. A total of 2 executives have left over the last 12 months. The current median tenure of the management team is 5.00 years. Anuncio • Jun 08
Samhällsbyggnadsbolaget i Norden AB (publ) (OM:SBB B) acquired 20.08% stake in JM AB (publ) (OM:JM) from OBOS BBL for SEK 4.6 billion. Samhällsbyggnadsbolaget i Norden AB (publ) (OM:SBB B) acquired 20.08% stake in JM AB (publ) (OM:JM) from OBOS BBL for SEK 4.6 billion on June 7, 2021. Under the terms of the transaction, SBB acquired 14 million shares for SEK 326.3 per share. The transaction is expected to increase SBB's profit from property management on an annual basis. Morten Nordgård, Per Thurezon and Johan Tisell of Skandinaviska Enskilda Banken AB (publ) (OM:SEB A) acted as financial advisor to the OBOS BBL.
Samhällsbyggnadsbolaget i Norden AB (publ) (OM:SBB B) completed the acquisition of 20.08% stake in JM AB (publ) (OM:JM) from OBOS BBL on June 7, 2021. Reported Earnings • May 02
First quarter 2021 earnings released: EPS kr4.99 (vs kr5.35 in 1Q 2020) The company reported a poor first quarter result with weaker earnings and revenues, although profit margins were flat. First quarter 2021 results: Revenue: kr3.55b (down 8.4% from 1Q 2020). Net income: kr347.0m (down 6.7% from 1Q 2020). Profit margin: 9.8% (in line with 1Q 2020). Over the last 3 years on average, earnings per share has fallen by 5% per year but the company’s share price has increased by 25% per year, which means it is well ahead of earnings. Executive Departure • Mar 25
Independent Director has left the company On the 24th of March, Eva Nygren's tenure as Independent Director ended after 7.9 years in the role. We don't have any record of a personal shareholding under Eva's name. A total of 3 executives have left over the last 12 months. Upcoming Dividend • Mar 18
Upcoming Dividend of kr12.75 Per Share Will be paid on the 31st of March to those who are registered shareholders by the 25th of March. The trailing yield of 4.0% is in the top quartile of German dividend payers (3.3%), and it is higher than industry peers (2.2%). Is New 90 Day High Low • Mar 11
New 90-day high: €30.91 The company is up 13% from its price of €27.42 on 11 December 2020. The German market is up 10.0% over the last 90 days, indicating the company outperformed over that time. However, it underperformed the Consumer Durables industry, which is up 17% over the same period. According to the Simply Wall St valuation model, the estimated intrinsic value of the company is €36.63 per share. Recent Insider Transactions • Feb 21
Insider recently sold €15k worth of stock On the 15th of February, Maria Bäckman sold around 500 shares on-market at roughly €30.17 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €52k more than they sold in the last 12 months. Recent Insider Transactions • Feb 20
Insider recently sold €15k worth of stock On the 15th of February, Maria Bäckman sold around 500 shares on-market at roughly €30.17 per share. This was the largest sale by an insider in the last 3 months. Despite this recent sale, insiders have collectively bought €52k more than they sold in the last 12 months. Anuncio • Feb 10
JM AB (publ) Announces Executive Changes, Effective August 16, 2021 JM AB (publ) announced the appointment of Carl Bandhold as the new chief financial officer after current Chief Financial Officer Claes Magnus Ã.kesson retires. Carl Bandhold will take over as CFO of JM on August 16, 2021. Carl is currently CFO of Permobil since 2011, and prior to this he worked at Boston Consulting Group and Deutsche Bank, among others. Reported Earnings • Feb 05
Full year 2020 earnings released: EPS kr22.12 (vs kr21.93 in FY 2019) The company reported a solid full year result with improved revenues, although earnings and profit margins were flat. Full year 2020 results: Revenue: kr16.3b (up 3.7% from FY 2019). Net income: kr1.54b (flat on FY 2019). Profit margin: 9.4% (in line with FY 2019). Over the last 3 years on average, earnings per share has fallen by 10% per year but the company’s share price has increased by 18% per year, which means it is well ahead of earnings. Analyst Estimate Surprise Post Earnings • Feb 05
Revenue beats expectations Revenue exceeded analyst estimates by 1.3%. Over the next year, revenue is expected to shrink by 4.5% compared to a 7.2% growth forecast for the Consumer Durables industry in Germany.