New orders for BWG Homes October 2010

BWG Homes ASA secured a total net order intake of NOK 242.0 million during October 2010 compared with NOK 286.9 million for October 2009, a decrease of 15.6 percent. The net order intake in October for Segment Norway was NOK 121.8 million (NOK 161.1 million), down 24.4 percent. The net order intake in October for Segment Sweden was NOK 120.2 million (NOK 125.8 million), down 4.4 percent.

The total net order intake per October 2010:
BWG Homes ASA: NOK 2 681.5 million, up 8.2 percent. Segment Norway: NOK 1 449.1 million, up 5.0 percent. Segment Sweden: NOK 1 232.4 million, up 12.2 percent.

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 850 employees. In 2009 the turnover was NOK 2.5 billion.