BWG Homes ASA (OSL:BWG) New Orders For BWG Homes October 2008

BWG Homes ASA (OSL:BWG) BWG Homes ASA secured a total net order intake of NOK 97.2 million during October, compared with NOK 210.0 million for October 2007, a decrease of 53.7 per cent. The net order intake in October for segment Norway was NOK 63.5 million (NOK 78.4 million), down 19.0 per cent. The net order intake in October for segment Sweden was NOK 33.7 million (NOK 131.6 million), down 74.4 per cent.

Per October 2008: BWG Homes ASA: NOK 2,219.7 million, down 21.6 per cent, Segment Norway: NOK 1,103.2 million, down 7.7 per cent, Segment Sweden: NOK 1,116.6 million, down 31.8 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, 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 present 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 more than 2 000 new homes. BWG Homes has 1 200 employees. In 2007 the pro forma turnover was NOK 3.2 billion.

This announcement was originally distributed by Hugin. The issuer is solely responsible for the content of this announcement.



LINK: http://hugin.info/136346/R/1265620/278578.pdf

BWG Homes ASA

http://www.bwghomes.no

ISIN: NO0010298300

Stock Identifier: XOSL.BWG