New orders for BWG Homes March 2008
(Oslo 1 April 2008) BWG Homes ASA secured a total net order intake of NOK 170.8 million during March, compared with NOK 310.7 million for March 2007, a decrease of 45.0 percent. The net order intake in March for segment Norway was NOK 89.8 million (162.4 million), down 44.7 percent. The net order intake in March for segment Sweden was NOK 81.0 million corresponding to SEK 95.6 million (NOK 148.3 million, corresponding to SEK 169.6 million), down 45.4 percent.
The total net order intake per 1 quarter 2008:
BWG Homes ASA totals NOK 736.1 million, down 20.9 per cent. Segment Norway totals NOK 366.9 million, down 13.4 per cent. Segment Sweden totals NOK 369.2, corresponding to SEK 436.2 million, down 27.1 per cent.
See also monthly development at http://www.bwghomes.no/en/Investors-relations/Financial-info/New-orders/ and enclosed graph "New orders per month" from 2006 till date.
Further information from:
Lars Nilsen, CEO, BWG Homes ASA, tel: +47 23 24 60 00
Ketil Kvalvik, CFO, BWG Homes ASA, tel: +47 23 24 60 42, +47 90 77 13 15
BWG Homes develops, sells and constructs residential homes in the Nordic region. The present brands owned by the group are Block Watne 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 more than 2 500 new homes. BWG Homes has 1 360 employees. In 2007 the pro forma turnover was NOK 3.3 billion.
BWG Homes ASA is listed at Oslo Børs with the ticker BWG.
www.bwghomes.no