News
Construction contract in Lithuania (increase in the volume of design-build contract)
On 15. April 2024, the addendum to the design-build contract between UAB Merko Statyba, part of AS Merko Ehitus group, and North Atlantic Treaty Organization (NATO) Support and Procurement Agency entered into force for additional works on the construction of new infrastructures of the training center in Pabrade, Lithuania. The value of additional works exceeds ...
MERKO’s turnover in Lithuania from general construction contracts in 2023 amounted to 98 million euros
Last year, UAB Merko Statyba signed general construction contracts totalling a record 290 million euro. The turnover from general construction contracts reached 97.8 million euro, which is 39% higher than in 2022 (70.4 million euro). “Some of the general construction contracts signed in 2023 originated from previous years. Due to the significant uncertainty caused by ...
Merko Ehitus saw both revenue and net profit increase in 2023
Q4 2023 revenue for Merko Ehitus was EUR 126 million and the 12-month revenue amounted to EUR 466 million. In 2023, Merko delivered 948 apartments and 27 commercial units to customers. In 2023, the group companies signed new construction contracts worth more than EUR 500 million. The company’s net profit in Q4 2023 was EUR ...
MERKO wins gold medal at the Lithuanian Product of the Year 2023 Awards
At the annual Lithuanian Product of the Year competition organized by the Lithuanian Confederation of Industrialists “Tokvila” automotive Repair Centre biulding in Vilnius was awarded the gold medal. The winners of this competition were announced for the 27th time.
“Vilnelės Skverai” is the best residential project in Lithuania
On Wednesday in Vilnius, during the solemn ceremony of the “For Sustainable Development” competition, the best real estate projects in Lithuania for the year 2023 were announced and awarded. The selection of the best real estate projects in Lithuania is organized by the Lithuanian Real Estate Development Association (LNTPA) and the Academy of Sustainable Development ...
During the first nine months of 2023, UAB Merko statyba signed new construction contracts worth more than 242 million euro
During the first nine months of 2023, UAB Merko Statyba signed new contracts for more than 242 million euro. This number is nearly six times higher than the total value of contracts signed during the same period last year, which amounted to 42.8 million euro. “This year, compared to previous years, we‘ve seen significant activity ...
Merko Ehitus 9-month revenue grows to EUR 340 million and net profit to EUR 32 million
Q3 2023 revenue for Merko Ehitus was EUR 122 million and total revenue for the first nine months was EUR 340 million, representing 11% and 28% growth compared to the same periods a year ago. Net profit in Q3 grew 29% to EUR 12.7 million and net profit for the first nine months was up ...
MERKO signed a contract for the construction of a wind farm in Kelme
On 13 October 2023 UAB Merko Statyba, part of AS Merko Ehitus group, and UAB WINDLIT entered into the contract to perform the construction of foundations for 28 wind turbines, electrical cables and roads in a windfarm located in the Kelmė district, Lithuania. The contract value exceeds EUR 45 million, plus value added tax. The ...
MERKO’s main contracting projects in the first half of this year: NATO facilities and wind farms
In the first half of 2023, UAB Merko Statyba signed three new construction contracts collectively valued at over EUR 160 million. ”The prevailing scenario necessitates multifaceted contributions to fortify Lithuania’s security. Our foremost commitment involves building NATO facilities, designed to ensure troop preparedness and the presence of allied partners, thereby deterring potential provocations from hostile ...
Merko Ehitus revenue for H1 grows to EUR 217 million and net profit to EUR 19.4 million
Q2 2023 revenue for Merko Ehitus was EUR 142 million and the H1 figure was EUR 217 million. Net profit in Q2 was EUR 13.6 million and net profit for the last six months was EUR 19.4 million. Merko delivered 512 apartments to new homeowners and 15 commercial units to businesses in H1. “Our profit ...