JM AB
ABActiveOrg 5560452103Mathildatorget 9, 169 75 SolnaConstruction of residential and non-residential buildings· NACE 4100Est. 1945 · 81 years old1,339 employees
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Overview
JM AB is a Swedish AB based in Solna, operating in the Construction of residential and non-residential buildings sector. Incorporated in 1945, the company has 1,339 employees and reported revenue of SEK 6.1bn in its latest annual filing.
Revenue 2025
6.1B SEK
−16% vs 2024
EBITDA margin
−0.4 %
+86% vs 2024
Net profit 2025
0.8B SEK
+5800% vs 2024
Key ratios
See full ratios →Solidity ratioEquity ÷ Total assets × 100
30.2 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Liquidity ratioCurrent assets ÷ Short-term debt
1.7×
WeakAmong the 40% lowest rated companies in the industry
20212025
Return on assets (ROA)Net profit ÷ Total assets × 100
6.1 %
AverageAround the average of companies in the same industry
20212025
EBITDA — year on year
SEK millionsKey figures
Annual report 2025| Revenue | 6.1B SEK | -16% |
| EBITDA | -0B SEK | +86% |
| Net profit | 0.8B SEK | +5800% |
| Total assets | 13.5B SEK | +7% |
| Equity | 4.1B SEK | +21% |
| Employees | 1,339 | — |
Company information
Legal name
JM AB
Org number
5560452103
Legal form
Aktiebolag
NACE code
Founded
6 April 1945 · 81 years
Share capital
SEK 68,000,000
Employees
1,339 (FTE)
VAT registered
No
Audit selected
No
Last report
2025-12-31
Financial year
January – December
Signatory rights
Firman tecknas av styrelsen Firman tecknas två i förening av Bjurling, Carl Tobias Brinck Landelius, Henrik John Erik Buskas Bäckman, Maria Therése Jelbe Gertz, Catrin Margareta Persson, Carl Fredrik Willi Persson, Pia Susanne Sundesten, Jan Henrik Tobias Åslund, Mikael Anders Östlund, Jessica Anna Elisabeth Dessutom har verkställande direktören rätt att teckna firman beträffande löpande förvaltningsåtgärder
Company purpose
Bolaget har till föremål för sin verksamhet att utföra byggnads- och anläggningsarbeten, att äga, förvalta och driva handel med fastigheter samt att idka annan därmed förenlig rörelse.
(no translation available)
Contact
Address
Mathildatorget 9, 169 75 Solna
Phone
+4687828700
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Financial development
In its most recent annual report (2025), JM AB reported revenue of SEK 6.1bn, a decrease of 16% on the year before. The figures on this page draw on 5 annual filings covering 2021 to 2025. The bottom line showed a net profit of SEK 826.0m, and the EBITDA margin stood at -0.4%.
At the end of 2025, equity financed 30.2% of the balance sheet, and current assets covered short-term debt 1.7 times.
Financials
Revenue
SEK millionsEBITDA
SEK millionsIncome statement
SEK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Revenue | 6,127,000 | 7,260,000 | 8,547,000 | 9,597,000 | 9,710,000 |
| Staff expenses | — | — | — | — | — |
| EBITDA | -27,000 | -198,000 | 221,000 | 1,140,000 | 1,388,000 |
| Depreciation & amort. | — | — | — | — | — |
| EBIT | -27,000 | -198,000 | 221,000 | 1,140,000 | 1,388,000 |
| Net financials | 641,000 | -213,000 | -328,000 | 707,000 | 24,000 |
| Profit before tax | 925,000 | 143,000 | 265,000 | 1,881,000 | 1,397,000 |
| Tax | -99,000 | -129,000 | -160,000 | -243,000 | -279,000 |
| Net profit | 826,000 | 14,000 | 105,000 | 1,638,000 | 1,118,000 |
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Balance sheet
SEK thousands| Item | 2025 | 2024 | 2023 | 2022 | 2021 |
|---|---|---|---|---|---|
| Total assets | 13,478,000 | 12,599,000 | 12,913,000 | 14,887,000 | 16,076,000 |
| Equity | 4,076,000 | 3,358,000 | 3,605,000 | 4,310,000 | 4,417,000 |
| Long-term debt | 0 | 72,000 | 352,000 | 426,000 | 417,000 |
| Short-term debt | 6,450,000 | 6,117,000 | 5,534,000 | 6,495,000 | 7,548,000 |
| Total debt | 6,450,000 | 6,189,000 | 5,886,000 | 6,921,000 | 7,965,000 |
Financial ratios
5-year trendEBITDA margin
-0.4 %
20212025
Equity ratio
30.2 %
WeakAmong the 40% lowest rated companies in the industry
20212025
Return on equity
20.3 %
AverageAround the average of companies in the same industry
20212025
Net profit margin
13.5 %
StrongAmong the 30% highest rated companies in the industry
20212025
Asset turnover
0.45×
WeakAmong the 30% lowest rated companies in the industry
20212025
Debt / equity
2.31×
WeakAmong the 40% lowest rated companies in the industry
20212025
Sector performance
26 of 28 ratios graded28 financial ratios from the latest filing, each graded against companies in the same industry.
Profitability
Operating marginWeak
Among the 30% lowest rated companies in the industry
EBIT as a share of revenue — the share of revenue remaining as earnings once all operating costs are covered. A key measure of earning power.
Net profit marginStrong
Among the 30% highest rated companies in the industry
The profit for the year as a share of revenue — the company's ability to turn revenue into profit.
Return on equity (ROE)Average
Around the average of companies in the same industry
Net profit as a percentage of equity — the return the owners earned on their invested capital this year.
Return on assets (ROA)Average
Around the average of companies in the same industry
Net profit as a percentage of total assets — the return generated on the capital employed.
Return on net assets (RONA)Average
Around the average of companies in the same industry
Profit relative to net assets (total assets minus total debt) — the ability to generate earnings from the net asset base alone.
Basic earning power (BEP)Weak
Among the 30% lowest rated companies in the industry
EBIT relative to total assets — the company's earning power before the effects of tax and financial leverage.
Gross marginNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
The gross result as a share of revenue — how much of the revenue is left after variable costs to cover the company's fixed costs.
Capacity ratioNot rated
Cannot be graded — the figures this ratio builds on are not available in the latest filing.
Shows how strongly fixed costs weigh on the gross result — a high ratio means fixed costs take only a small bite out of the earnings from basic operations.
Liquidity
Current ratioWeak
Among the 40% lowest rated companies in the industry
Current assets relative to short-term debt — the ability to settle short-term obligations with current assets alone. Around 150% is considered satisfactory from a credit perspective.
Quick ratioWeak
Among the 30% lowest rated companies in the industry
Current assets excluding inventory relative to short-term debt — whether the most liquid assets alone can cover the short-term obligations. A value of 1 or above signals a healthy liquidity position.
Cash ratioVery weak
Among the 10% lowest rated companies in the industry
Cash relative to short-term debt — the ability to repay short-term obligations with cash alone.
Current assets to equityWeak
Among the 30% lowest rated companies in the industry
Current assets relative to equity — an indicator of the balance-sheet structure and of the company's short- and long-term financing. The healthy level is highly industry-dependent.
Fixed assets to long-term capitalWeak
Among the 40% lowest rated companies in the industry
Fixed assets relative to long-term capital (equity plus long-term liabilities). Below 100% means the long-term capital finances more than just the fixed assets — a healthier liquidity position.
Cash conversion ratioVery weak
Among the 10% lowest rated companies in the industry
Cash flow relative to profit — the ability to convert reported profits into accessible cash.
Debt & solvency
Solidity ratioWeak
Among the 40% lowest rated companies in the industry
Equity as a share of total assets — the ability to absorb losses. Around 40% is considered satisfactory from a credit perspective.
Debt ratioAverage
Around the average of companies in the same industry
Total debt relative to the balance-sheet total — the share of the assets financed by debt rather than equity.
Debt to equityWeak
Among the 40% lowest rated companies in the industry
Debt relative to equity — the company's leverage. A higher value means heavier reliance on debt financing.
Liabilities to equityWeak
Among the 30% lowest rated companies in the industry
Total liabilities relative to equity — whether the company operates primarily on borrowed capital or on its own.
Income to debtAverage
Around the average of companies in the same industry
Profit relative to debt — the ability to create earnings while operating with debt.
EBITDA to debtWeak
Among the 30% lowest rated companies in the industry
EBITDA relative to debt — how much operating earnings are available to service the debt.
Interest coverageWeak
Among the 30% lowest rated companies in the industry
The ability to pay the interest on the company's debt out of its earnings.
Interest rate on debtWeak
Among the 40% lowest rated companies in the industry
Financial expenses relative to total liabilities — the effective interest rate the company pays on its debt.
Interest marginAverage
Around the average of companies in the same industry
The return on assets minus the interest rate on debt. Positive means the company benefits from operating with debt; negative means the debt makes it worse off.
Efficiency & development
Asset turnoverWeak
Among the 30% lowest rated companies in the industry
Revenue relative to total assets — the ability to generate revenue from the asset base.
Inventory turnoverVery strong
Among the 10% highest rated companies in the industry
Revenue relative to inventory — how many times a year the inventory is sold and replaced. A low value can indicate weak sales or excess inventory.
Equity to contributed capitalVery strong
Among the 20% highest rated companies in the industry
Total equity relative to the capital the owners contributed — how the equity has developed from its starting point.
One-year change in equityStrong
Among the 40% highest rated companies in the industry
The size of this year's increase or decrease in the company's equity.
One-year change in debtAverage
Around the average of companies in the same industry
The size of this year's increase or decrease in the company's debt.
Annual reports & filings
- Annual report 2025Filed via Bolagsverket / SCB · Period 2025-01-01 – 2025-12-31
- Annual report 2024Filed via Bolagsverket / SCB · Period 2024-01-01 – 2024-12-31
- Annual report 2023Filed via Bolagsverket / SCB · Period 2023-01-01 – 2023-12-31
- Annual report 2022Filed via Bolagsverket / SCB · Period 2022-01-01 – 2022-12-31
- Annual report 2021Filed via Bolagsverket / SCB · Period 2021-01-01 – 2021-12-31
People & ownership
Management
Actively employed in the business| Name | Role | Member since |
|---|---|---|
| Current (9) | ||
MI Chief Auditor | Chief Auditor | 2024 |
PS External Signatory | External Signatory | 2020 |
CT External Signatory | External Signatory | 2020 |
MT External Signatory | External Signatory | 2020 |
JA External Signatory | External Signatory | 2020 |
HJ External Signatory | External Signatory | 2026 |
JH External Signatory | External Signatory | 2026 |
MA Chief Executive Officer | Chief Executive Officer | 2024 |
CM External Signatory | External Signatory | 2022 |
Former (8)
MJ External Signatory | External Signatory | 2020 – 2022 |
PG External Signatory | External Signatory | 2020 – 2026 |
JS External Signatory | External Signatory | 2020 – 2021 |
AH Chief Auditor | Chief Auditor | 2021 – 2024 |
HJ Chief Executive Officer | Chief Executive Officer | 2020 – 2024 |
CF External Signatory | External Signatory | 2022 – 2023 |
CM External Signatory | External Signatory | 2020 – 2023 |
LH External Signatory | External Signatory | 2022 – 2023 |
Board of directors
Non-executive oversight| Name | Role | Member since |
|---|---|---|
| Current (11) | ||
OL Board of Directors | Board of Directors | 2020 |
PO Board of Directors | Board of Directors | 2020 |
SA Board of Directors | Board of Directors | 2020 |
GS Board of Directors | Board of Directors | 2026 |
LH Deputy Board Member | Deputy Board Member | 2026 |
PO Deputy Board Member | Deputy Board Member | 2020 |
LN Board of Directors | Board of Directors | 2024 |
TB Board of Directors | Board of Directors | 2020 |
JS Board of Directors | Board of Directors | 2020 |
CF Chairman | Chairman | 2020 |
KE Board of Directors | Board of Directors | 2020 |
Former (6)
KG Board of Directors | Board of Directors | 2022 – 2023 |
HJ Deputy Board Member | Deputy Board Member | 2020 – 2024 |
EK Board of Directors | Board of Directors | 2020 – 2021 |
JT Board of Directors | Board of Directors | 2020 – 2026 |
IA Board of Directors | Board of Directors | 2020 – 2022 |
CK Board of Directors | Board of Directors | 2020 – 2024 |
Shareholders
Active legal owners| Shareholder | Type | Ownership | Votes | Registered |
|---|---|---|---|---|
| Company | 60% | 60% | 2026 |
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Company hierarchy
Fidelity Investments60%
JM AB (this company)JM Suomi Oy100% ownedJM Norge AS100% ownedJM Entreprenad AB100% ownedAktiebolaget Garantihus100% ownedMinimalen Bostad AB100% ownedBRO Haifa 1 AB100% ownedJM Fastighetsutveckling Holding AB100% ownedFörvaltningsbolaget Isotolv AB100% ownedJM Construction Sa100% ownedJM Construction Sa100% ownedJM Värmdöstrand AB100% ownedAktiebolaget Borätt100% ownedSeniorgården Aktiebolag100% ownedDebrella i Lund AB100% ownedJM Byrån Holding AB100% ownedJM Kammarsadeln Holding AB100% ownedAktiebolaget Konvertibelhus100% ownedBergshamra Bro AB100% ownedTrollhagen Fastighets AB100% ownedJM@Home AB100% ownedJM Fastighetsutveckling 3 Holding AB100% ownedResinova Järfälla Kvarter 8 AB100% ownedFastighets AB Vintertriangeln100% ownedJM Tegelbruket Ekerö Strand AB100% ownedJM Supply AB100% ownedAB Ig 1&3100% ownedJM Hyresbost Holding AB100% ownedJM Olskroken AB100% ownedJM Bostad Holding AB100% ownedJM Bostad 2 Holding AB100% ownedJM Bostad 3 Holding AB100% ownedJM Bostad 4 Holding AB100% ownedSG BR Bostad Holding AB100% ownedJM Bostad 5 Holding AB100% ownedFastighetsbolaget Mossen 3 AB100% ownedJM Klostergården Holding AB100% ownedJM Lomma Borgeby AB100% ownedFastighetsbolaget 33:21 AB100% ownedJM Fastighetsutveckling 5 Holding AB100% ownedFastighetsbolaget Palmliljan AB100% ownedHemvist Ultuna 2:29 AB100% ownedJM Fastighetsutveckling 6 Holding AB100% ownedFastighetsaktiebolaget Skogsranden100% ownedFastighetsaktiebolaget Ängsutsikten100% ownedFastighetsaktiebolaget Skärgårdsoasen100% ownedJM Stora Råby AB100% ownedMarkum Entreprenad AB100% ownedJM Suomi Oy100% ownedJM Norge AS100% ownedJM Construction S.A.100% ownedBoard network connections
Board members of JM AB also hold positions in 1281 other companies.
| Person | Role here | Other companies |
|---|---|---|
| Magnus Ivar Thorling | Chief Auditor | 605 companiesMany roles |
| Ingeborg Annica Margareta Ånäs | Board of Directors | 153 companiesMany roles |
| Maria Therése Buskas Bäckman | External Signatory | 96 companiesMany roles |
| Claes Magnus Åkesson | External Signatory | 71 companiesMany roles |
| Thure Bo Thomas Thuresson | Board of Directors | 55 companiesMany roles |
| Jessica Anna Elisabeth Östlund | External Signatory | 39 companiesMany roles |
| Pia Susanne Persson | External Signatory | 29 companiesMany roles |
| Henrik John Erik Brinck Landelius | External Signatory | 24 companiesMany roles |
| Lars-Olof Höglund | External Signatory | 24 companiesMany roles |
| Jan Sören Bergström | External Signatory | 22 companiesMany roles |
| Ann-Christin Hägglund | Chief Auditor | 21 companiesMany roles |
| Catrin Margareta Jelbe Gertz | External Signatory | 20 companiesMany roles |
| Pär Göran Vennerström | External Signatory | 19 companiesMany roles |
| Carl Tobias Bjurling | External Signatory | 18 companiesMany roles |
| Jan Henrik Tobias Sundesten | External Signatory | 15 companiesMany roles |
| Carl Fredrik Willi Persson | Chairman | 13 companiesMany roles |
| Hans Johan Skoglund | Chief Executive Officer | 10 companiesMany roles |
| Mikael Anders Åslund | Chief Executive Officer | 9 companiesMany roles |
| Carl Fredrik Wilhelm Bandhold | External Signatory | 9 companiesMany roles |
| Kerstin Elisabeth Gillsbro | Board of Directors | 7 companiesMany roles |
| Eva Katarina Viola Nygren | Board of Directors | 4 companies |
| Liia Nõu | Board of Directors | 4 companies |
| Jenny Sylvia Larsson | Board of Directors | 4 companies |
| Peter Olsson | Board of Directors | 2 companies |
| Stefan Alexander Björkman | Board of Directors | 2 companies |
| Per Olof Stefan Petersen | Deputy Board Member | 2 companies |
| Martin Johan Asp | External Signatory | 1 company |
| Gun Sandra Carolina Detterfelt | Board of Directors | 1 company |
| Lars Halvar Olof Pettersson Herold | Deputy Board Member | 1 company |
| Jan Thomas Strömberg | Board of Directors | 1 company |
Frequently asked questions
What is the Org number of JM AB?
JM AB is registered with Bolagsverket / SCB under Org 5560452103.
What is the revenue of JM AB?
JM AB reported revenue of SEK 6.1bn in 2025.
How many employees does JM AB have?
JM AB employs 1339 people as of the latest annual report.
Who is the CEO of JM AB?
Mikael Anders Åslund is the CEO of JM AB, in role since 2024.
Who is the chairman of JM AB?
Carl Fredrik Willi Persson chairs the board of JM AB, in role since 2020.
Where is JM AB headquartered?
JM AB's registered address is Mathildatorget 9.