News
MERKO signed 160 million euro worth of contracts in the first quarter of the year
In the first quarter of 2023, UAB Merko statyba signed three new construction contracts with a total value of over EUR 160 million. “We have been working on most of the contracts since the beginning of 2022, and it was only in the first quarter of this year that the work reached its final stage, ...
Merko Ehitus revenue and net profit sees growth in Q1 of 2023
Q1 2023 revenue for Merko Ehitus was EUR 76 million, representing 11% growth compared to the same period a year ago. Net profit for the first quarter was EUR 5.9 million – nearly double that of Q1 2022. Merko delivered 145 apartments to new homeowners in Q1. “Despite the good profit growth in Q1, we ...
Construction contract in Lithuania (wind farm foundations, electrical cables and roads)
On 28 March 2023 UAB Merko Statyba, part of AS Merko Ehitus group, and UAB Vėjas LT, part of E energija group, entered into the contract to perform the construction of foundations for 16 wind turbines, electrical cables and roads in a windfarm located in the Kelmė district, Lithuania. The contract value is approximately EUR ...
MERKO signed a contract for the construction of electrical substation for a wind farm
On 9 February 2023 UAB Merko Statyba, part of AS Merko Ehitus group, and UAB Energijos Žara, 100% subsidiary of Enefit Green AS, part of AS Eesti Energia group, entered into a contract for the construction of electrical substation for a wind farm in Kelmė district, Lithuania. The contract value is more than EUR 14,5 ...
New construction contract in Lithuania: Design and Build Services for the construction of new infrastructures for the training in Pabrade
On 14 February 2023, UAB Merko Statyba, part of AS Merko Ehitus group, and North Atlantic Treaty Organization (NATO) Support and Procurement Agency entered into a contract for Design and Build Services for the construction of new infrastructures for the training complex in Pabrade, Lithuania. The contract value exceeds EUR 110 million, plus the applicable ...
Head for MERKO Lithuania: ‘I would describe the year 2022 as the year of many contradictions’
In 2022, the turnover of Merko statyba UAB from general contract agreements reached EUR 70 million and was 6% bigger than in the same period last year (EUR 66 million). ‘The financial year of 2022 was good for MERKO Lithuania, and it was determined by the successful activity not only last year, but also in ...
Merko Ehitus 2022 net profit exceeds EUR 34 million
Merko Ehitus posted revenue figures of EUR 143 million for Q4 and EUR 410 million for 2022 as a whole. Compared to the same period of the previous year, net profit in Q4 increased by 27% to EUR 17.6 million and for the year as a whole, by 19% to EUR 34.6 million. In 2022, ...
MERKO wins gold medal at the Lithuanian Product of the Year 2022 Awards
At the annual Lithuanian Product of the Year competition organized by the Lithuanian Confederation of Industrialists “Continental Automotive Lithuania” production building in Kaunas was awarded the gold medal. The winners of this competition were announced for the 26th time, 84 companies representing different branches of the country’s industries were nominated for awards.
MERKO projects won 2 awards in the competition ‘For Sustainable Development’
The best real estate projects in Lithuania for 2022 were announced and awarded at the ceremony. The Lithuanian Real Estate Development Association (LNTPA) and the Sustainable Development Academy have been organising the ‘For Sustainable Development competition’ for 15 years. In the ‘For Sustainable Development’ competition, Kaunas District Chief Police Commissariat building was recognized as the ...
MERKO completed the construction of Tokvila automotive Repair Centre in Vilnius
UAB Merko statyba has completed the construction of a new pre-owned car sales and body repair centre at Savanorių prospektas, Vilnius, owned by Tokvila company. This is the largest in the Baltic States. The new centre, which covers more than 11,000 square metres, will have an enclosed, heated area for the displaying and storing up ...