JM AB (publ) (JM) Q1 2026 Earnings Call

Investor webinar replay

Replay transcript excerpt

Hello, and welcome to the presentation of JM's quarterly report for the first quarter of 2026. The uncertain environment continues to affect the housing market. During the first quarter, the war in Iran further sped up the uncertainty. This makes it difficult to predict where the housing market will go in the future. At the same time, we see that the underlying conditions are relatively good on our markets. We have relatively low inflation, low interest rates, and in Sweden we see that the available income has increased significantly with the households. We also see that we have a housing shortage or a need for housing on all our markets. In Sweden, we have also received new amortization rules on April 1, which further strengthen the improved conditions for the market. We also see rising housing prices in Sweden during the first quarter. In an uncertain environment, it is difficult to predict how things will turn out. But at JM, we work tirelessly with our strategy and our strategic orientation. That is to say, we work with what we can influence in this world. And that means that we take measures to be strong now and in the future. That is to say, continuously improving our competitiveness. And we see that this work gives results. In the first quarter, sales were significantly higher than in the previous quarter and the previous year. We also have clearly improved results. We increase our sales in ongoing production. At the same time, we are also clearly reducing the unsold and pre-settled housing, not least the unsold and pre-settled housing in the balance sheet, which has decreased from 393 housing at the turn of the year to 314 at the beginning of the quarter. Our work with standardization and efficiency also has an effect. We see that we have shortened our lead t...