News

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 ...


Merko Ehitus saw both revenue and net profit increase in 2023

Q4 2023 revenue for Merko Ehitus was EUR 126 million and the 12-month revenue amounted to EUR 466 million. In 2023, Merko delivered 948 apartments and 27 commercial units to customers. In 2023, the group companies signed new construction contracts worth more than EUR 500 million. The company’s net profit in Q4 2023 was EUR ...


MERKO wins gold medal at the Lithuanian Product of the Year 2023 Awards

At the annual Lithuanian Product of the Year competition organized by the Lithuanian Confederation of Industrialists “Tokvila” automotive Repair Centre biulding in Vilnius was awarded the gold medal. The winners of this competition were announced for the 27th time.


“Vilnelės Skverai” is the best residential project in Lithuania

On Wednesday in Vilnius, during the solemn ceremony of the “For Sustainable Development” competition, the best real estate projects in Lithuania for the year 2023 were announced and awarded. The selection of the best real estate projects in Lithuania is organized by the Lithuanian Real Estate Development Association (LNTPA) and the Academy of Sustainable Development ...


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 ...