News

MERKO has completed the first phase of development of UAB “Continental Automotive Lithuania” production building in Kaunas

Merko statyba has completed the construction of a modern production plant of automotive electronic components for UAB “Continental Automotive Lithuania” in Kaunas, which currently meets the highest building standards applicable to the automotive industry. “I would like to express my gratitude to the entire team of Kaunas production plant, as well as our contractors. The ...


First-quarter results of MERKO: turnover from work contracts increased by 34%

In the first half of 2022, the turnover of Merko statyba UAB reached EUR 13 million and was 34% bigger than in the same period last year (EUR 8.6 million). The main contract projects currently under the implementation by the company: construction of the industrial building of Continental Automotive Lithuania UAB in Kaunas is nearly ...


Merko Ehitus earns EUR three million net profit in Q1

Revenue for Merko Ehitus in Q1 2022 grew to EUR 68 million, operating profit amounted to EUR 3.7 million and net profit to EUR 3 million. In the first quarter, Merko delivered 126 apartments to buyers and the construction of 1,700 apartments is now under way. “The situation on the construction market continues to be ...


MERKO’s turnover from work contracts increased by 61%

The turnover of Merko statyba UAB from works contracts in 2021 grew by 61% and reached to 66 million euros. In 2020, this number amounted to 41 million euros. The general market trends contributed to these results – the recovery of the construction sector was felt in 2021, while in 2020, most construction projects were ...


Merko Ehitus builds the Arter quarter

Kapitel develops and Merko builds a high-quality and healthy working environment in Liivalaia, renamed the Arter quarter, for companies that value their employees. The quarter with a total leasable area of 38,000 sq m and a park will be completed in the Q3 2024. “Arter is a people-centred urban space in the centre of Tallinn. A ...


Merko Ehitus net profit for 2021 grows to EUR 29 million

Merko Ehitus posted revenue of EUR 113 million for Q4 2021 and the corresponding figure for the entire year was close to EUR 340 million. The group’s net profit for Q4 grew by 40% to EUR 14 million and the annual net profit by 27% to EUR 29 million. In 2021, Merko handed over 500 ...


MERKO has completed the restoration of the historic Kaunas barracks building

Under a contract signed last June between UAB Merko Statyba and the NATO Support and Procurement Agency (NSPA), the company renovated a cultural heritage barracks building in Kaunas. The historic building, listed in the Register of Cultural Heritage, was in dire need of repair – the walls had cracked and the roof had collapsed, and ...


MERKO wins two gold medals at the Lithuanian Product of the Year 2021 Awards

At the annual Lithuanian Product of the Year competition organized by the Lithuanian Confederation of Industrialists Vilneles slenis in Vilnius and Neringa Hotel and Restaraunt were awarded gold medals. The winners of this competition were announced for the 25th time, 53 companies representing 24 branches of the country’s industries were nominated for awards in fifteen categories.