News
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 ...
Three-quarter results of MERKO: turnover from work contracts increased by 30%
Merko statyba’s three-quarter turnover from general contracting this year amounted to EUR 56 million and was 30% bigger than in the same period last year (EUR 43 million).
Merko Ehitus posts revenue of EUR 266 million and net profit of EUR 17 million for first nine months of 2022
Revenue for Merko Ehitus amounted to EUR 110 million in Q3 2022 and the revenue for the first nine months of the year to EUR 266 million, while figures for net profit stood at EUR 9.8 million in Q3 and EUR 17 million for nine months. During the first nine months of this year, Merko ...
MERKO has started the construction of the new stage of the Vilneles Skverai residential project
MERKO continues to develop the project Vilnelės skverai, initiated a few years ago, and the construction of the new phase of houses has started. New phase (Kaukysos) consists of eight buildings of six to seven storeys with 303 apartments. Prospective purchasers will be able to choose between one-, two-, three-, and four-room apartments ranging in ...
Merko Ehitus posts H1 revenue of EUR 156 million and net profit of EUR 7.2 million
Revenue for Merko Ehitus was EUR 88 million in Q2 2022, and EUR 156 million in H1 2022, while the respective figures for net profit were EUR 4.2 million and EUR 7.2 million. This year, Merko has delivered 214 apartments to buyers and a number of development projects will be completed in the second half ...
Šilale II – the first of Enefit Green’s new wind farms will start production in four months
Enefit Green’s Šilale II wind farm will start producing green electricity in the next four months. Today a cornerstone is laid on the farm’s last foundation and turbine assembly is about to begin. According to the chairman of Enefit Green’s management board Aavo Kärmas Šilale II will be first on company’s new wind farms to ...
MERKO has completed the first phase of development of UAB “Continental Automotive Lithuania” production building in Kaunas
Merko statyba has completed the construction of a modern production plant of automotive electronic components for UAB “Continental Automotive Lithuania” in Kaunas, which currently meets the highest building standards applicable to the automotive industry. “I would like to express my gratitude to the entire team of Kaunas production plant, as well as our contractors. The ...
First-quarter results of MERKO: turnover from work contracts increased by 34%
In the first half of 2022, the turnover of Merko statyba UAB reached EUR 13 million and was 34% bigger than in the same period last year (EUR 8.6 million). The main contract projects currently under the implementation by the company: construction of the industrial building of Continental Automotive Lithuania UAB in Kaunas is nearly ...
Merko Ehitus earns EUR three million net profit in Q1
Revenue for Merko Ehitus in Q1 2022 grew to EUR 68 million, operating profit amounted to EUR 3.7 million and net profit to EUR 3 million. In the first quarter, Merko delivered 126 apartments to buyers and the construction of 1,700 apartments is now under way. “The situation on the construction market continues to be ...