News

Merko Ehitus revenue and net profit sees growth in Q1 of 2023

Q1 2023 revenue for Merko Ehitus was EUR 76 million, representing 11% growth compared to the same period a year ago. Net profit for the first quarter was EUR 5.9 million – nearly double that of Q1 2022. Merko delivered 145 apartments to new homeowners in Q1. “Despite the good profit growth in Q1, we ...


New construction contract in Lithuania: Design and Build Services for the construction of new infrastructures for the training in Pabrade

On 14 February 2023, UAB Merko Statyba, part of AS Merko Ehitus group, and North Atlantic Treaty Organization (NATO) Support and Procurement Agency entered into a contract for Design and Build Services for the construction of new infrastructures for the training complex in Pabrade, Lithuania. The contract value exceeds EUR 110 million, plus the applicable ...


Merko Ehitus 2022 net profit exceeds EUR 34 million

Merko Ehitus posted revenue figures of EUR 143 million for Q4 and EUR 410 million for 2022 as a whole. Compared to the same period of the previous year, net profit in Q4 increased by 27% to EUR 17.6 million and for the year as a whole, by 19% to EUR 34.6 million. In 2022, ...


MERKO wins gold medal at the Lithuanian Product of the Year 2022 Awards

At the annual Lithuanian Product of the Year competition organized by the Lithuanian Confederation of Industrialists “Continental Automotive Lithuania” production building in Kaunas was awarded the gold medal. The winners of this competition were announced for the 26th time, 84 companies representing different branches of the country’s industries were nominated for awards.


MERKO projects won 2 awards in the competition ‘For Sustainable Development’

The best real estate projects in Lithuania for 2022 were announced and awarded at the ceremony. The Lithuanian Real Estate Development Association (LNTPA) and the Sustainable Development Academy have been organising the ‘For Sustainable Development competition’ for 15 years. In the ‘For Sustainable Development’ competition, Kaunas District Chief Police Commissariat building was recognized as the ...


MERKO completed the construction of Tokvila automotive Repair Centre in Vilnius

UAB Merko statyba has completed the construction of a new pre-owned car sales and body repair centre at Savanorių prospektas, Vilnius, owned by Tokvila company. This is the largest in the Baltic States. The new centre, which covers more than 11,000 square metres, will have an enclosed, heated area for the displaying and storing up ...