The profit decline was unexpectedly large. The average forecast among analysts was for an operating profit of SEK 114 million, according to Bloomberg.
"The decrease is mainly explained by higher sales in projects with a low degree of completion, a larger proportion of sales of housing recognised in the balance sheet with a lower margin, and one-off costs of approximately SEK 25 million," JM writes in the interim report.
However, revenue rose to SEK 2.82 billion, up from SEK 2.54 billion.
The number of homes sold during the quarter rose by 81 percent to 784, compared with 433 in the second quarter of 2025. The number of homes started in production rose to 679, from 647.
