News
Merko Ehitus posts H1 2024 revenue of EUR 204 million
Revenue for Merko Ehitus at the six-month mark of 2024 was EUR 204 million while net profit stood at EUR 17.5 million. Second-quarter revenue was EUR 122 million and net profit was EUR 13.1 million. The lower volumes from real estate development have been compensated by higher sales of construction services, which made up nearly ...
Construction contract in Lithuania (wind farm balance of plant in Telšiai)
On 23 May 2024 entered into force a contract signed between UAB Merko Statyba, part of AS Merko Ehitus group, and UAB Telšių vėjo parkas, for performing the construction works of the wind farm balance of plant in Telšiai district in Lithuania. The contract value is above EUR 55 million euros, plus value added tax. ...
Merko Ehitus increases revenue in Q1 of 2024
Q1 2024 revenue for Merko Ehitus was EUR 81.2 million, representing 7.2% growth compared to the same period a year ago. Net profit for the quarter was EUR 4.4 million. Merko has delivered 59 apartments and 7 commercial units to buyers so far this year. “The apartment market behaved as expected in the first quarter ...
Construction contract in Lithuania (increase in the volume of design-build contract)
On 15. April 2024, the addendum to the design-build contract between UAB Merko Statyba, part of AS Merko Ehitus group, and North Atlantic Treaty Organization (NATO) Support and Procurement Agency entered into force for additional works on the construction of new infrastructures of the training center in Pabrade, Lithuania. The value of additional works exceeds ...
MERKO’s turnover in Lithuania from general construction contracts in 2023 amounted to 98 million euros
Last year, UAB Merko Statyba signed general construction contracts totalling a record 290 million euro. The turnover from general construction contracts reached 97.8 million euro, which is 39% higher than in 2022 (70.4 million euro). “Some of the general construction contracts signed in 2023 originated from previous years. Due to the significant uncertainty caused by ...
Merko Ehitus saw both revenue and net profit increase in 2023
Q4 2023 revenue for Merko Ehitus was EUR 126 million and the 12-month revenue amounted to EUR 466 million. In 2023, Merko delivered 948 apartments and 27 commercial units to customers. In 2023, the group companies signed new construction contracts worth more than EUR 500 million. The company’s net profit in Q4 2023 was EUR ...
MERKO wins gold medal at the Lithuanian Product of the Year 2023 Awards
At the annual Lithuanian Product of the Year competition organized by the Lithuanian Confederation of Industrialists “Tokvila” automotive Repair Centre biulding in Vilnius was awarded the gold medal. The winners of this competition were announced for the 27th time.
“Vilnelės Skverai” is the best residential project in Lithuania
On Wednesday in Vilnius, during the solemn ceremony of the “For Sustainable Development” competition, the best real estate projects in Lithuania for the year 2023 were announced and awarded. The selection of the best real estate projects in Lithuania is organized by the Lithuanian Real Estate Development Association (LNTPA) and the Academy of Sustainable Development ...
During the first nine months of 2023, UAB Merko statyba signed new construction contracts worth more than 242 million euro
During the first nine months of 2023, UAB Merko Statyba signed new contracts for more than 242 million euro. This number is nearly six times higher than the total value of contracts signed during the same period last year, which amounted to 42.8 million euro. “This year, compared to previous years, we‘ve seen significant activity ...
Merko Ehitus 9-month revenue grows to EUR 340 million and net profit to EUR 32 million
Q3 2023 revenue for Merko Ehitus was EUR 122 million and total revenue for the first nine months was EUR 340 million, representing 11% and 28% growth compared to the same periods a year ago. Net profit in Q3 grew 29% to EUR 12.7 million and net profit for the first nine months was up ...