All news
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05.11 2020
Merko Ehitus grew its revenue and net profit in Q3
In Q3 2020, Merko Ehitus posted revenue of EUR 79.7 million and a net profit of EUR 4.9 million, representing growth of 8.6% and 92%, respectively, compared to the previous year. The group’s 9-month revenue amounted to EUR 209 million and net profit to EUR 13.1 million. In 9 months, Merko sold 534 apartments. “The …
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06.08 2020
Merko Ehitus Q2 net profit grows to EUR 6.2 million
In Q2 of 2020, Merko Ehitus posted revenue of EUR 74 million and a net profit of EUR 6.2 million. The respective six month figures were EUR 130 million and EUR 8.2 million. In 6 months of 2020, Merko sold 369 apartments, and the 6-month revenue generated by the real estate development segment grew more …
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01.07 2020
Construction contract in Lithuania (NATO barracks in Kaunas)
On 29 June 2020, UAB Merko Statyba, part of AS Merko Ehitus group, and North Atlantic Treaty Organization (NATO) Support and Procurement Agency entered into a contract to perform reconstruction works of a historical building as barracks in Kaunas in Lithuania. The contract value is approximately EUR 6 million, without value added tax. The construction …
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16.06 2020
Construction contract of wind farm balance of plant in Telšiai
On 15 June 2020, UAB Merko Statyba, part of AS Merko Ehitus group, and UAB L-Vėjas, part of E energija group, entered into a contract to perform the wind farm balance of plant construction works, including foundations, roads and electrification, in Telšiai district in Lithuania. The contract value is more than EUR 13 million, …
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07.05 2020
Merko Ehitus posted a profit of two million euros in the first quarter
In Q1 of 2020, Merko Ehitus posted revenue of EUR 56 million and a net profit of EUR 2.0 million. Construction services made up 62% and real estate development 38% of the group’s revenue. New construction contracts worth EUR 87 million in total were signed, and the volume of the secured orderbook at the end …
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07.11 2019
Merko building more than 1,100 apartments in the Baltics
Merko Ehitus posted revenue of EUR 73 million in Q3 and EUR 228 million for the first nine months of 2019. The group’s net profit for Q3 was EUR 2.5 million, and the nine-month net profit was EUR 7 million. The decline in the group’s revenue stems from the completion of major construction projects in …