New orders for BWG Homes March 2011

BWG Homes ASA secured a total net order intake of NOK 305.2 million during March, compared with NOK 284.4 million for March 2010, an increase of 7.3 per cent. The net order intake in March for segment Norway was NOK 188.2 million (NOK 154.6 million), up 21.7 per cent. The net order intake in March for segment Sweden was NOK 117.0 million (NOK 129.8 million), down 9.8 per cent.

The total net order intake for Q1 2011:
BWG Homes ASA: NOK 935.6 million, up 6.8 per cent, segment Norway: NOK 589.2 million, up 14.4 per cent, Segment Sweden: NOK 346.4 million, down 4.0 per cent.

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 990 employees. In 2010 the turnover was NOK 2.9 billion.