New orders for BWG Homes May 2011

BWG Homes ASA secured a total net order intake of NOK 281.9 million during May, compared with NOK 304.0 million for May 2010, a decrease of 7.3 per cent. The net order intake in May for segment Norway was NOK 192.4 million (NOK 156.9 million), up 22.7 per cent. The net order intake in May for segment Sweden was NOK 89.5 million (NOK 147.2 million), down 39.2 per cent.

The total net order intake for the year so far:
BWG Homes ASA: NOK 1 658.9 million, up 3.9 per cent, segment Norway: NOK 1 067.0 million, up 10.5 per cent, Segment Sweden: NOK 591.9 million, down 6.1 per cent.

(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.