News
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 ...
2017 9 months and III quarter consolidated unaudited interim report
Merko Ehitus’s revenue for both Q3 of 2017 and the first 9 months of the year grew by close to one-quarter – Q3 revenue was EUR 86 million and 9-month revenue was EUR 214.8 million. The group’s net profit in Q3 was EUR 3.4 million and the 9-month figure was EUR 6.6 million. During the ...
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 ...