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Boost for Home Sales at JM

The housing developer JM reports a profit before tax of 71 million kronor for the third quarter of the year. This can be compared to the profit of 120 million during the corresponding quarter a year earlier.

Boost for Home Sales at JM

Saab surged on a declining stock market

The Stockholm stock exchange fell across the board in the report-heavy trading on Tuesday morning. The prices recovered somewhat, but the broad OMXS index closed at minus 0.

Saab surged on a declining stock market

Housing construction turns slightly upwards

Housing construction has turned upwards, albeit from very low levels. The recent years have been characterized by a nearly paralyzed market for new homes in the wake of high interest rates.

Housing construction turns slightly upwards

JM lays off over a hundred

The sluggish construction market is causing housing builder JM to lay off 145 employees in Sweden. "JM has increased the number of production-started homes during the first half of the year thanks to greater interest from customers, but not to the extent that it matches the volumes being continuously completed," writes CEO Mikael Åslund in a press release.

JM lays off over a hundred

JM's CEO: Cautious and tough market

The housing developer JM had unexpectedly strong headwinds in the second quarter. And it looks like it will take time before the market turns, according to CEO Mikael Åslund.

JM's CEO: Cautious and tough market

Saab and SBB winners on rising stock market

The Stockholm Stock Exchange's broad OMXS index rose 0. 5 percent on Wednesday, strengthened among other things by increases in the major banks' shares.

Saab and SBB winners on rising stock market