News
Merko Ehitus posts Q1 revenue of EUR 85.2 million
Merko Ehitus posted revenue of EUR 85.2 million and net profit of EUR 10.5 million in Q1 2025. Real estate development accounted for 30% of the group’s Q1 revenue, having more than doubled in this category compared to the same period a year ago. “Merko’s Q1 results are characterised primarily by increased activity on the ...
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 ...
MERKO has been recognized as the leading company in Lithuania for installing the highest number of wind turbine foundations
This week, the Lithuanian Wind Power Association (LVEA) hosted a prestigious conference celebrating its 20th anniversary. The event brought together key players from the country’s wind energy sector and recognized the most significant achievements. It also honored companies and projects that have made the greatest contributions to the development of renewable energy in Lithuania. MERKO ...
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. ...