Revenue fell to 2.8 billion, down from 3.4 billion.
The board of directors proposes a reduction in the dividend to SEK 2.00 per share, down from last year's SEK 3.25 per share.
"Caution remains evident in all markets," writes CEO Mikael Åslund in a comment.
In a press release, JM also announces that the company has agreed to purchase approximately 1,300 building rights for housing development, as well as four ongoing housing projects in Oslo and Bergen, for approximately SEK 1.1 billion.
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