)

JM (JM) investor relations material
JM Q2 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.
Executive summary
Revenue and operating profit declined year-over-year due to fewer residential units in production, lower sales, and a cautious housing market amid geopolitical uncertainty and delayed recovery.
Market conditions improved in Sweden and Norway due to interest rate cuts and regulatory changes, but consumer demand remained subdued.
Efficiency measures, cost reductions, and capital-efficient land acquisitions were implemented to maintain competitiveness and liquidity.
Sustainability initiatives achieved significant climate emission reductions and recognition as a climate leader in Europe.
Financial highlights
Q2 2025 revenue was SEK 2,540m (3,583 prior year); operating income SEK 116m (169); operating margin 4.6% (4.7%).
H1 2025 revenue was SEK 5,079m (6,617), operating profit SEK 246m (329), and operating margin 4.8% (5.0%).
EPS for Q2 was SEK 0.58 (1.18); H1 EPS SEK 1.39 (2.42); return on equity 2.2% (2.9%).
Cash flow from operations was SEK -204m in Q2 (663m prior year) and SEK -714m in H1 (-285m prior year).
IFRS revenue for Q2 was SEK 3,248m (4,668m prior year); IFRS EPS SEK 1.18 (2.56 prior year).
Outlook and guidance
Gradual market recovery is expected, but timing is uncertain due to delayed customer decisions and pending regulatory changes.
Improved underlying market conditions and reduced unsold inventory signal potential for recovery.
Focus remains on production efficiency, cost control, and selective project starts to maintain competitiveness.
Long-term fundamentals are strong with a robust land bank and competitive cost structure.
Next JM earnings date

The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
I can't remember the last time an app had such a positive impact on my investment process.
)
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
)
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
)
)
)
)
Frequently asked questions
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Explore our global coverage