News
Merko Ehitus sales revenue and profit continued growth in Q3
Merko Ehitus Group posted revenue of EUR 115 million in Q3 and the nine-month figure was EUR 299 million. The group’s net profit in Q3 increased to 5.6 million and the nine-month net profit amounted to EUR 12.3 million. This year, Merko Ehitus has launched nine new residential development projects with a total of 840 ...
Construction contract in Lithuania (school building in Vilnius)
UAB Merko statyba, part of AS Merko Ehitus group, and UAB “Krajama” have entered into a contract to perform the construction works of a new private school building, located at Luksines st. 29, Vilnius. The contract value is over EUR 7.4 million, plus value added tax. The works are scheduled to be completed by the ...
Construction contract in Lithuania (school building in Vilnius)
UAB Merko statyba, part of AS Merko Ehitus group, and the Office of Finance and Administrative Services of the Archdiocese of Vilnius have entered into a contract to perform the construction works of a new school building, located at Medeinos str. 14, Vilnius. The contract value is over EUR 4 million, plus value added tax. ...
Start of construction of Vilneles slenis residential project (Vilnius)
UAB Merko būstas, part of AS Merko Ehitus group, has started Vilneles slenis residential development project on the outskirts of the Old Town of Vilnius at Pakrascio st. 20. The start of construction of six residential buildings is scheduled for September 2018 and completion date is scheduled for the first half of 2020. Vilneles slenis ...
Merko Ehitus revenue and net profit in both Q2 and first half-year higher than last year
Merko Ehitus posted higher revenue and net profit figures for Q2 and first six months compared to last year. Revenue in Q2 was EUR 103.3 million and in first half-year EUR 183.7 million; Q2 net profit was EUR 5.6 million and 6-month net profit EUR 6.7 million. The group earned over half of its 6-month ...
Hotel ibis has been constructed and transferred to the Customer
In Vilnius, the company MERKO has finished construction of the hotel ibis belonging to the company Orbis S.A. and transferred it to the customer Hekon UAB for the amount of EUR 8.7 million. The new hotel was constructed in the neglected area at the junction of Rinktinės and Šeimyniškių streets. Construction of modern residential houses ...
Hotel sale-purchase agreement signed in Vilnius
On 16 July 2018, UAB Merko bustas, part of AS Merko Ehitus group, and UAB Hekon, subsidiary of Orbis S.A., signed a sale-purchase agreement on sale of Merko bustas developed “ibis” hotel at Rinktinės str. 18, Vilnius, together with parking places and part of the land plot. The sale price of the hotel is 8.7 ...
Construction volumes’ growth of Merko Ehitus in Q1 of 2018 on par with expectations
Sales revenue of Merko Ehitus in Q1 of 2018 grew to EUR 80.3 million, bolstered by the pre-existing portfolio of construction contracts. The group’s net profit was EUR 1.1 million. In the first quarter, Merko companies signed new construction contracts worth EUR 22 million and the secured order book stood at EUR 292 million. “Considering ...
Start of Basteja Life residential development project (Old town, Vilnius)
UAB Merko statyba, part of AS Merko Ehitus group, has started Basteja Life residential development project, located in the old town of Vilnius. The 3-storey apartment building at Strazdelio str. 5 will be completed by the end of 2019. The 3-storey mansard roof apartment building has 75 apartments and 87 underground parking spaces, two interior ...
Merko Ehitus 2017 revenue exceeded EUR 300 million, proposing to pay 1 euro in dividends per share
The revenue figures of Merko Ehitus for both Q4 of 2017 and the entire 12-month period of that year outstripped the totals for the same periods of the previous year by more than a quarter – Q4 sales revenue was EUR 102.8 million and the 12-month figure EUR 317.6 million. The last time sales revenue ...