News
2017 9 months and III quarter consolidated unaudited interim report
Merko Ehitus’s revenue for both Q3 of 2017 and the first 9 months of the year grew by close to one-quarter – Q3 revenue was EUR 86 million and 9-month revenue was EUR 214.8 million. The group’s net profit in Q3 was EUR 3.4 million and the 9-month figure was EUR 6.6 million. During the ...
Construction contract in Vilnius
On 31st of August, UAB Merko statyba part of AS Merko Ehitus group, and UAB Neringos viešbutis entered into a contract to perform reconstruction works of the Neringa complex (restaurant and hotel) in Vilnius.
Merko Ehitus grows both sales revenue and net profit in Q2
Merko Ehitus’s Q2 and first half-year revenue and net profit outpaced the respective figures for last year. Sales revenue in Q2 was EUR 70.7 million and net profit was EUR 2.2 million; while 6-month sales revenue was EUR 128.8 million and net profit was EUR 3.2 million. This year, the group’s contract portfolio has increased ...
Merko Ehitus increases revenue and profit in Q1
In Q1 of 2017, Merko Ehitus posted revenue of EUR 58.1 million and a net profit of EUR 1 million. Revenue grew both in Estonia and in other home markets, apartment sales picked up as well. In the first quarter, Merko sold 141 apartments compared to 101 in the same period last year. “Our first ...
A new hotel and modern residential quarter will emerge in central Vilnius
A ceremony of laying down a symbolic capsule underground was held today to mark the beginning of construction works of a new complex of buildings in Vilnius. In a previously neglected area at the intersection of Rinktinės and Šeimyniškių streets, a new ibis hotel, modern residential apartment houses and offices will emerge soon. The developer ...
Merko Ehitus posted EUR 252 million in revenue in 2016, proposing to pay EUR 0.41 in dividends per share
Merko Ehitus posted revenue of EUR 252 million in 2016, remaining on par with the last year; the net profit amounted to EUR 6.1 million. The group continued to implement its long-term apartment-building strategy, investing a total of EUR 73 million in residential development. The company’s Management Board proposes to pay 119% of retained earnings ...
Construction contract in Lithuania (residential complex in Vilnius)
On 11th January 2017, UAB Merko statyba, part of AS Merko Ehitus group, and PK INVEST UAB, part of AS Pro Kapital Grupp group, entered into a contract to perform the design and construction works of the residential complex in Šaltiniu Namai quarter, located at 10 Aguonui street, Vilnius. Following the provisions of the contract, ...
Merko’s Q3 revenue stays at last year’s level
Merko Ehitus posted revenue of EUR 67.8 million in Q3 2016, remaining on par with the same quarter in 2015. As of the nine-month mark, revenue has been held back by the slower than planned launch of large-scale projects. In the first 9 months of 2016, the company sold close to 270 apartments and launched ...
Construction contract in Lithuania (industrial building in Klaipėda)
On 26th October 2016, UAB Merko Statyba, part of AS Merko Ehitus group, has entered into a contract with UAB Philip Morris Lietuva, to perform reconstruction and extension construction works of Klaipeda plant, located at Vilnius plentas 16, Klaipeda. The scope of the construction works to be performed under the contract by UAB Merko Statyba ...
Preliminary sales-purchase agreement for construction of hotel in Vilnius
On 15th September 2016, UAB Merko bustas, part of AS Merko Ehitus group, has entered into a preliminary sales-purchase agreement with UAB Hekon, subsidiary of Orbis S.A., to sell upon completion the “ibis” hotel building and parking premises to be built on the land plot currently owned by UAB Merko bustas. UAB Merko bustas will ...