New orders for BWG Homes August 2011

BWG Homes ASA secured a total net order intake of NOK 281.8 million during August 2011 compared with NOK 302.8 million for August 2010, a decrease of 6.9 percent. The net order intake in August for Segment Norway was NOK 192.4 million (NOK 169.9 million), up 13.3 percent. The net order intake in August for Segment Sweden was NOK 89.4 million (NOK 133.0 million), down 32.8 percent.

The total net order intake for the year so far:
BWG Homes ASA: NOK 2 220.4 million, down 3.9 percent. Segment Norway: NOK 1 426.0 million, up 6.4 percent. Segment Sweden: NOK 794.4 million, down 18.1 percent.

(Corresponding figures 2010 for segment Norway and BWG Homes ASA have been reworked as a consequence of change in classification of VAT for segment Norway.)

See also monthly development at http://www.bwghomes.no/en/Investors-relations/Financial-info/New-orders/.

Further information from:
Lars Nilsen, CEO, BWG Homes ASA, tel: +47 23 24 60 00,
Arnt Eriksen, CFO, BWG Homes ASA, tel: +47 23 24 60 37, +47 922 14 625.

BWG Homes develops, sells and constructs residential homes in the Nordic region. The brands owned by the group are Block Watne and Hetlandhus in Norway, Myresjöhus and SmålandsVillan in Sweden. BWG Homes sells and constructs homes through own residential projects and for individual customers. Ranked as a leading residential house builder in its markets, the group annually completes approx. 2 000 new homes. BWG Homes has 1 025 employees. In 2010 the turnover was NOK 2.9 billion.