News
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 ...
MERKO signed a contract for the construction of a wind farm in Kelme
On 13 October 2023 UAB Merko Statyba, part of AS Merko Ehitus group, and UAB WINDLIT entered into the contract to perform the construction of foundations for 28 wind turbines, electrical cables and roads in a windfarm located in the Kelmė district, Lithuania. The contract value exceeds EUR 45 million, plus value added tax. The ...
MERKO’s main contracting projects in the first half of this year: NATO facilities and wind farms
In the first half of 2023, UAB Merko Statyba signed three new construction contracts collectively valued at over EUR 160 million. ”The prevailing scenario necessitates multifaceted contributions to fortify Lithuania’s security. Our foremost commitment involves building NATO facilities, designed to ensure troop preparedness and the presence of allied partners, thereby deterring potential provocations from hostile ...
Merko Ehitus revenue for H1 grows to EUR 217 million and net profit to EUR 19.4 million
Q2 2023 revenue for Merko Ehitus was EUR 142 million and the H1 figure was EUR 217 million. Net profit in Q2 was EUR 13.6 million and net profit for the last six months was EUR 19.4 million. Merko delivered 512 apartments to new homeowners and 15 commercial units to businesses in H1. “Our profit ...
MERKO signed a contract for the construction of a wind farm in Pagegiai municipality
On 13 July 2023 UAB Merko Statyba, part of AS Merko Ehitus group, and UAB LT Energija entered into the contract to perform the construction of foundations for 40 wind turbines, drainage and roads in a windfarm located in the Pagėgiai district, Lithuania. The contract value is approximately EUR 80 million, plus value added tax. ...
MERKO signed 160 million euro worth of contracts in the first quarter of the year
In the first quarter of 2023, UAB Merko statyba signed three new construction contracts with a total value of over EUR 160 million. “We have been working on most of the contracts since the beginning of 2022, and it was only in the first quarter of this year that the work reached its final stage, ...
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 ...
Construction contract in Lithuania (wind farm foundations, electrical cables and roads)
On 28 March 2023 UAB Merko Statyba, part of AS Merko Ehitus group, and UAB Vėjas LT, part of E energija group, entered into the contract to perform the construction of foundations for 16 wind turbines, electrical cables and roads in a windfarm located in the Kelmė district, Lithuania. The contract value is approximately EUR ...
MERKO signed a contract for the construction of electrical substation for a wind farm
On 9 February 2023 UAB Merko Statyba, part of AS Merko Ehitus group, and UAB Energijos Žara, 100% subsidiary of Enefit Green AS, part of AS Eesti Energia group, entered into a contract for the construction of electrical substation for a wind farm in Kelmė district, Lithuania. The contract value is more than EUR 14,5 ...