News

MERKO in Lithuania sold 2.5 times more apartments last year than in 2019

In 2020, MERKO sold 381 apartments in Lithuania under notarised contracts and earned annual income EUR 48 million from this sale. This was 2.5 times more than in 2019, when 154 apartments were sold under notarised contracts. Successful sale is the result of consistent purposeful work “Many years of experience in the market enable us ...


UAB Merko statyba has signed a contract with UAB Continental Automotive Lithuania

UAB Merko statyba has signed a contract with UAB Continental Automotive Lithuania for the construction of a production building in Kaunas district. The value of the contract exceeds 10 million. The works are planned to be completed in 2022 in the first half. “As a general contractor, we have built many business buildings in Lithuania. ...


2020 net profit for Merko Ehitus grows to EUR 23 million

Merko Ehitus posted revenue of approximately EUR 106 million for Q4 2020, while total revenue for the whole year was EUR 316 million. The group’s Q4 2020 net profit was EUR 10 million and its annual net profit grew over 40%, amounting to EUR 23 million. In coordination with the supervisory board, the group’s management ...


Construction contract in Lithuania (car service building in Vilnius)

On 22 January 2021, UAB Merko Statyba, part of AS Merko Ehitus group, and UAB Tokvila entered into a contract to perform construction works of a car service building in Vilnius, Lithuania. The contract value is over EUR 7.5 million, plus value added tax. The construction works are scheduled to be completed in February 2022. ...


MERKO has completed reconstruction of Neringa hotel and restaurant

The team of the private limited company UAB Merko Statyba has completed the reconstruction of the legendary Neringa hotel and restaurant. It took three years to renovate the old historic hotel with the restaurant, and to build two more hotel blocks and a new underground car park. “To become a general contractor for reconstruction of the historic Neringa complex was both ...


Merko Ehitus grew its revenue and net profit in Q3

In Q3 2020, Merko Ehitus posted revenue of EUR 79.7 million and a net profit of EUR 4.9 million, representing growth of 8.6% and 92%, respectively, compared to the previous year. The group’s 9-month revenue amounted to EUR 209 million and net profit to EUR 13.1 million. In 9 months, Merko sold 534 apartments. “The ...


Merko Ehitus Q2 net profit grows to EUR 6.2 million

In Q2 of 2020, Merko Ehitus posted revenue of EUR 74 million and a net profit of EUR 6.2 million. The respective six month figures were EUR 130 million and EUR 8.2 million. In 6 months of 2020, Merko sold 369 apartments, and the 6-month revenue generated by the real estate development segment grew more ...


Construction contract in Lithuania (NATO barracks in Kaunas)

On 29 June 2020, UAB Merko Statyba, part of AS Merko Ehitus group, and North Atlantic Treaty Organization (NATO) Support and Procurement Agency entered into a contract to perform reconstruction works of a historical building as barracks in Kaunas in Lithuania. The contract value is approximately EUR 6 million, without value added tax. The construction ...


Construction contract of wind farm balance of plant in Telšiai

On 15 June 2020, UAB Merko Statyba, part of AS Merko Ehitus group, and UAB L-Vėjas, part of E energija group, entered into a contract to perform the wind farm balance of plant construction works, including foundations, roads and electrification, in Telšiai district in Lithuania. The contract value is more than EUR 13 million, plus ...


Merko Ehitus posted a profit of two million euros in the first quarter

In Q1 of 2020, Merko Ehitus posted revenue of EUR 56 million and a net profit of EUR 2.0 million. Construction services made up 62% and real estate development 38% of the group’s revenue. New construction contracts worth EUR 87 million in total were signed, and the volume of the secured orderbook at the end ...