JM is divesting its contracting operations to strengthen its focus on the residential business.
JM has entered into an agreement with a private party regarding the divestment of the remaining contracting operations within the Group. The operations currently comprise approximately 120 employees and an annual revenue of approximately SEK 500m. The underlying enterprise value amounts to SEK 64m, and the result from the transaction is expected to correspond to the carrying amount of the divested assets.
The divestment is planned to take place in the first quarter of 2026. The transaction will be reported in the Group's accounts within other operations in the first quarter of 2026.
The sale entails an increased focus on the residential business and provide the best possible conditions for continued growth and strengthened profitability for JM. Through the transaction, the contracting operations will receive an owner with strong industry expertise and resources to further develop the business.
- The contracting operations within JM have faced profitability challenges for some time. Through this transaction, we are giving all our skilled employees in the contracting operations the opportunity to develop in an environment focused on contracting, says Mikael Åslund, President and CEO of JM.
For more information please contact:
Mikael Åslund, President and CEO, +46 8 782 87 00
Katarina Rimmerfeldt, Head of Communications JM Group, +46 73 432 61 20, press@jm.se
About JM
JM is the leading developer of housing and residential areas in the Nordic region. Operations focus on new production of homes in attractive locations, with emphasis on expanding metropolitan areas and university towns in Sweden, Norway and Finland. We are also involved in project development of commercial premises and contract work, primarily in the Greater Stockholm area. JM should promote long-term sustainability work in all of its operations. Annual sales total approximately SEK 11 billion and the company has about 1,800 employees. JM is a public limited company listed on NASDAQ Stockholm, in the Large Cap segment. For more information www.jm.se/en