About Merko
A strong construction and real estate company
in the Baltic region
Merko Ehitus is a construction and real estate group, listed on the Nasdaq Tallinn Stock Exchange. Group companies construct buildings and infrastructure and develop real estate in Estonia, Latvia and Lithuania.
We create a better living environment and build the future. Merko is the preferred choice for construction service customers and home buyers who value quality.
Construction services are provided by AS Merko Ehitus Eesti in Estonia, SIA Merko Būve in Latvia and UAB Merko Statyba in Lithuania. Tallinna Teede AS is active in the construction and maintenance of roads and facilities in Estonia. Real estate development is carried out by OÜ Merko Kodud in Estonia, SIA Merko Mājas in Latvia and UAB Merko Būstas in Lithuania. AS Connecto Eesti, a 50%-owned joint venture, designs, builds and maintains electricity, telecommunications and gas networks in Estonia and its subsidiaries are active in electricity construction in Latvia and Lithuania.
Preferred choice for those who value quality
We construct buildings and facilities, we have the flexibility to deliver projects of different sizes and the ability to tackle complex challenges. We offer a complete construction service, managing and taking responsibility for the entire process: preparation, design, engineering, construction, fit-out and warranty service. We can also provide a property development service, from the acquisition of suitable land and the organisation of detailed planning procedures to the completion of the project. We have extensive experience in both private and public-private partnerships, including PPP (Public Private Partnership) projects.
Homes for over 11,000 families
We are among the strongest residential developer brands. Quality makes us a reliable choice for homebuyers. We focus on creating large and modern living environments. To ensure the highest quality, we manage all stages of the residential development process: land acquisition, detailed planning, architectural competition, design, construction, marketing and sale of apartments and commercial spaces, and after-sales service. In 35 years, we have built homes for more than 11,000 families and we have hundreds of new homes in construction and development in Estonia, Latvia and Lithuania.
Attractive long term investment
Our goal is to be the preferred choice for customers and partners that value quality. The group’s business strategy focuses on profitability and cost base efficiency. The company’s long-term financial targets include a minimum return on equity of 10%, a dividend rate of 50–70% of annual profits and an equity to asset ratio of at least 40%.
Caring and development oriented employer
The group companies employ more than 600 people in Estonia, Latvia, and Lithuania, including office staff, project managers and site teams. Experienced professionals in their field are a key value of the company, and our goal is to be a caring and developing employer.
We shape the future and value our heritage
We take responsibility for our decisions and the actions that affect our employees, customers and partners, as well as local communities, the environment and society at large. Our social contributions are focussed on long-term support projects: we create opportunities for recreational sports, enhance urban space, encourage education and future generations, preserve culture and artistic heritage, and help those in need.