New orders for BWG Homes June 2011

BWG Homes ASA secured a total net order intake of NOK 196.0 million during June 2011 compared with NOK 297.5 million for June 2010, a decrease of 34.1 percent. The net order intake in June for Segment Norway was NOK 109.3 million (NOK 143.2 million), down 23.7 percent. The net order intake in June for Segment Sweden was NOK 86.7 million (NOK 154.3 million), down 43.8 percent.

The total net order intake 2nd quarter 2011:
BWG Homes ASA: NOK 829.8 million, down 10.3 percent. Segment Norway: NOK 497.6 million, down 0.7 percent. Segment Sweden: NOK 332.2 million, down 21.6 percent.

The total net order intake 1st half 2011:
BWG Homes ASA: NOK 1 854.9 million, down 2.0 percent. Segment Norway: NOK 1 176.3 million, up 6.1 percent. Segment Sweden: NOK 678.6 million, down 13.5 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.