Overview
Although Thor's mighty hammer is not required, JM is still one of the largest residential builders and developers in the Nordic region. The company targets housing in high-growth metropolitan areas and university towns in Sweden, Norway, Denmark, Finland, and Belgium. JM also develops commercial properties in the Greater Stockholm area. Its business segments also are involved in, land acquisitions, pre-construction planning, and sales. A majority
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Read More of JM's residential projects are apartment units, with less than 10% consisting of single-family homes. The company has banked on high demand for housing in Sweden. However, the slowdown in the economy forced JM to reduce construction activity and cut jobs in 2008.
Read Less
Read More of JM's residential projects are apartment units, with less than 10% consisting of single-family homes. The company has banked on high demand for housing in Sweden. However, the slowdown in the economy forced JM to reduce construction activity and cut jobs in 2008.
Read Less
Mikael Anders Åslund
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Residential Building Construction
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Construction of Buildings
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Construction
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Operative builders
Building Equipment Contractors
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Building Finishing Contractors
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Foundation, Structure, and Building Exterior Contractors
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Highway, Street, and Bridge Construction
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Land Subdivision
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Nonresidential Building Construction
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Other Heavy and Civil Engineering Construction
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Other Specialty Trade Contractors
View more Utility System Construction
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View more Utility System Construction
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Actual
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Actual
$1.31 billion
Actual
-10.63%
-65.69%
$25,163
DEC
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OMXStk:JM
Contacts
Get in Touch with 20 Principals*
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Mikael Anders ÅslundManager
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Financial Statements
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Financial data as of December 31, 2024 (12 month period) in USD
Annual Revenue 2024
$1.31 billion
USD
Actual
1 USD = 10.9074 SEK
All financial statement data is in millions except per share data | Source: Morningstar
| Cash Flow (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Net Operating Cash | $318 | $97 | -$175 |
| Net Investing Cash | -$6 | -$0 | -$3 |
| Net Financing Cash | -$420 | -$137 | -$26 |
| Net Change in Cash | -$108 | -$40 | -$204 |
| Cash at Beginning of Period | $153 | $197 | $400 |
| Cash at End of Period | $46 | $153 | $197 |
| Capital Expenditure | -$2 | -$0 | -$0 |
| Assets (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Assets | |||
| Cash and Cash Equivalents | $46 | $153 | $197 |
| Accounts Receivable | $26 | $40 | $39 |
| Inventories | $1,843 | $2,085 | $2,257 |
| Other Current Assets | $326 | $430 | $382 |
| Asset Summary | |||
| Total Current Assets | $2,242 | $2,708 | $2,875 |
| Tangible Fixed Assets | $29 | $17 | $20 |
| Intangible Assets | $1 | $ | $ |
| Total Assets | $25,163 | $30,073 | $31,919 |
| Liabilities (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Current Liabilities | |||
| Accounts Payable | $51 | $71 | $88 |
| Short-Term Debt | $1,040 | $1,414 | $1,411 |
| Other Current Liabilities | $206 | $194 | $344 |
| Liability Summary | |||
| Total Current Liabilities | $1,297 | $1,679 | $1,843 |
| Long-Term Debt | $10 | $36 | $25 |
| Other Long-Term Liabilities | $0 | $ | $38 |
| Total Liabilities | $1,558 | $2,026 | $2,189 |
| Stakeholder's Equity (mil) | 2024 | 2023 | 2022 |
|---|---|---|---|
| Equity | |||
| Common Stock | $6 | $6 | $6 |
| Retained Earnings | $660 | $643 | $640 |
| Equity Summary | |||
| Total Equity | $749 | $731 | $737 |
| Shares Outstanding | 64,504,840 | 64,504,840 | 64,504,840 |