News
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 ...
Deed of construction of completion works
On 26th of July, 2016 State territorial planning and construction inspectorate under the ministry of environment signed Deed of construction of completion works of object in Saltiniu str.24, Vilnius. For more information about the object please look here.
Construction contract in Lithuania (Radisson Blu Hotel Lietuva extension in Vilnius)
On 30 June 2016, UAB Merko Statyba, part of AS Merko Ehitus group, has entered into a contract with UAB Viešbutis Lietuva, to perform the design and construction works of Radisson Blu Hotel Lietuva extension in Vilnius, starting with Phase 1. The scope of works includes the turnkey design and construction works of new 8 ...
Real estate development buoys Merko Q1 results, plans to start construction of over 500 apartments this year
Merko Ehitus posted revenue of EUR 46.8 million in Q1 2016, EBIDTA of EUR 1.2 million and profits before taxes of EUR 0.3 million. Merko continues to focus on private sector customers and real estate development, and the share of revenue from the latter increased to 42% of the group’s total Q1 revenue. Merko sold ...
Merko Ehitus sales revenue supported in 2015 by growth on foreign markets and in real estate development
Merko Ehitus posted revenue of EUR 66 million in Q4 2015 and a 12-month figure of EUR 251 million, thus remaining on par with 2014. The group earned a net profit of EUR 4.4 million in Q4, with a figure of EUR 10 million for the entire year. Profit before taxes made up EUR 11.7 ...
First A energy category apartment building
Merko statyba UAB has finished designing and construction of the first A+ energy performance class multi-family residential building at the address Kražių g. 9, Vilnius. The external envelopes of the building satisfy all A+ class thermal parameters. The achieved integrity indicator of the multi-family residential building is n50=0.48 n-1 (requirement n50=1.00 n-1). The building is ...