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MERKO has completed the construction of the “Vilnelės Skverai” Kaukysa stage homes
UAB Merko Statyba has completed the construction of the Vilnelės Skverai Kaukysa stage homes. Over 85% of the 303 apartments already have owners. It is great to see how the surrounding area has transformed over the past few years. Modern homes with spacious inner courtyards have been built on a former factory’s site.”We have constructed ...
Construction contract in Estonia (Rail Baltica main line Tallinn-Pärnu section)
Rail Baltic Estonia has announced that in the public procurement “Rail Baltica Ülemiste-Pärnu, Pärnu–Latvian border mainline design and build (Alliance)” with reference number 284278, the alliance, which includes AS Merko Ehitus Eesti, part of the AS Merko Ehitus group, and GRK Eesti AS, GRK Suomi Oy, NGE Contracting, Sweco Finland Oy, Sweco Sverige AB and ...
Merko Ehitus posts revenue of EUR 539 million for 2024
Merko Ehitus posted revenue of EUR 160.4 million and net profit of EUR 19.9 million in Q4 of 2024. The respective figures for the entire year 2024 were EUR 539 million and EUR 64.7 million. Approximately 90% of revenue came from sales of construction services and 53% was earned in Lithuania. In coordination with the ...
New MERKO Project in Vilnius – Šnipiškių URBAN
Merko proudly unveils Šnipiškių URBAN, a cutting-edge residential quarter set to redefine modern living in Vilnius. As the name suggests, the development offers the perfect blend of comfort, style, and convenience, with the first homes ready in Šnipiškės by late 2026. “Location is everything when it comes to choosing a home. With Šnipiškės undergoing a ...
MERKO signed a contract for the construction of a wind farm in Pasvalys
On 3 December 2024 UAB Merko Statyba, part of AS Merko Ehitus group, and UAB PSVL SUN and UAB PSVL WIND entered into the contract to perform the construction of foundations for 3 wind turbines and related infrastructure (electrical cables and roads) in a windfarm located in the Pasvalys district, Lithuania. The contract value is ...
Merko Ehitus posts EUR 379 million revenue for the first 9 months of 2024
Merko Ehitus posted revenue of EUR 379 million and a net profit of EUR 44.8 million for the first nine months of the current year. Third quarter revenue was EUR 175 million and net profit was EUR 27.3 million. Sales of construction services made up about 90% of the 9-month revenue. “We have accelerated the ...
Merko Ehitus posts H1 2024 revenue of EUR 204 million
Revenue for Merko Ehitus at the six-month mark of 2024 was EUR 204 million while net profit stood at EUR 17.5 million. Second-quarter revenue was EUR 122 million and net profit was EUR 13.1 million. The lower volumes from real estate development have been compensated by higher sales of construction services, which made up nearly ...
Construction contract in Lithuania (wind farm balance of plant in Telšiai)
On 23 May 2024 entered into force a contract signed between UAB Merko Statyba, part of AS Merko Ehitus group, and UAB Telšių vėjo parkas, for performing the construction works of the wind farm balance of plant in Telšiai district in Lithuania. The contract value is above EUR 55 million euros, plus value added tax. ...
Merko Ehitus increases revenue in Q1 of 2024
Q1 2024 revenue for Merko Ehitus was EUR 81.2 million, representing 7.2% growth compared to the same period a year ago. Net profit for the quarter was EUR 4.4 million. Merko has delivered 59 apartments and 7 commercial units to buyers so far this year. “The apartment market behaved as expected in the first quarter ...
Construction contract in Lithuania (increase in the volume of design-build contract)
On 15. April 2024, the addendum to the design-build contract between UAB Merko Statyba, part of AS Merko Ehitus group, and North Atlantic Treaty Organization (NATO) Support and Procurement Agency entered into force for additional works on the construction of new infrastructures of the training center in Pabrade, Lithuania. The value of additional works exceeds ...