Lithuania

  • Merko Ehitus net profit for 2021 grows to EUR 29 million

    Merko Ehitus posted revenue of EUR 113 million for Q4 2021 and the corresponding figure for the entire year was close to EUR 340 million. The group’s net profit for Q4 grew by 40% to EUR 14 million and the annual net profit by 27% to EUR 29 million. In 2021, Merko handed over 500 …

  • MERKO won two gold medals at the Lithuanian Product of the Year 2021 Awards

    Merko’s two projects in Vilnius, Vilneles slenis residential development and Neringa Hotel and Restaraunt were awarded gold medals at the annual Lithuanian Product of the Year competition, organized by the Lithuanian Confederation of Industrialists. The winners were announced for the 25th time. 53 companies representing 24 branches of the country’s industries were nominated in fifteen …

  • Merko recognized for the best residential real estate project in Lithuania and the best real estate project of the last 13 years

    For 14 years, the Lithuanian Real Estate Development Association (LNTPA) and the Academy of Sustainable Development have held a competition that is likened to Lithuania’s “Real Estate Oscars”. The award for the best residential real estate development project in 2021 went to Merko’s Vilnelės slėnis, located in Vilnius. A Merko PPP project, Balsiai School, received …

  • Net profit for Merko Ehitus at nine-month mark exceeds EUR 15 million

    Third-quarter revenue for Merko Ehitus was EUR 81 million and net profit for the same period was EUR 5.5 million. The revenue for the first nine months of 2021 grew by 8% to EUR 227 million and net profit by 17% to over EUR 15 million. This year in the three Baltics, Merko has launched …

  • Merko Ehitus revenue and net profit up for both Q2 and H1

    Q2 revenue for Merko Ehitus was EUR 86 million and net profit was EUR 6.4 million. The revenue for H1 grew by 12% to EUR 146 million and net profit by 19% to EUR 9.8 million. This year, Merko has sold 150 apartments and launched the construction of more than 800 apartments. “The construction sector …

  • Merko Ehitus experiences increase in sales revenue and profit for Q1 2021

    In Q1 2021, Merko Ehitus posted sales revenue of 60 million euros and net profit of 3.4 million euros, increasing by 7% and 67%, respectively, compared to the previous year. In three months, Merko sold 90 apartments and started construction of more than 560 apartments. The volume of the secured order book and new contracts …

  • 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 …

  • 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 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 …