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

BWG Homes ASA (OSL:BWG) BWG Homes ASA secured a total gross order intake of NOK 105.8 million during December. The Group's net order intake during December was NOK 77.6 million compared with NOK 234.1 million for December 2007, a decrease of 66.9 per cent.

The gross order intake in December for segment Norway was NOK 56.3 million. The net order intake in December was NOK 28.1 million (NOK 101.4 million), down 72.3 per cent. The difference of NOK 28.2 million refers to orders that the company have cancelled in projects decided postponed.

The net order intake in December for segment Sweden was NOK 49.5 million (NOK 132.7 million), down 62.7 per cent.

4th quarter 2008: BWG Homes ASA: NOK 224.9 million, down 70.6 per cent, Segment Norway: NOK 118.3 million, down 63.1 per cent, Segment Sweden: NOK 106.6 million, down 76.0 per cent.

Per December 2008: BWG Homes ASA: NOK 2,347.4 million, down 30.7 per cent, Segment Norway: NOK 1,158.0 million, down 19.5 per cent, Segment Sweden: NOK 1,189.5 million, down 39.0 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/1280522/286140.pdf

BWG Homes ASA

http://www.bwghomes.no

ISIN: NO0010298300

Stock Identifier: XOSL.BWG