News

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 ...


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 ...


Merko Ehitus profitability improves in Q2

In Q2 of 2016, Merko Ehitus posted revenue of EUR 58.7 million, EBIDTA of EUR 3.4 million and profit before taxes of EUR 2.4 million. Gross profit margin increased to 9% in the second quarter and the group’s construction contract order book reached EUR 279 million. The Baltic construction market – in a slump with ...