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. Its subsidiaries are AS Merko Ehitus Eesti in Estonia, SIA Merks in Latvia, UAB Merko Statyba in Lithuania and Peritus Entreprenør AS in Norway.
Complete construction services
The group companies construct buildings and infrastructure and develop real estate. As a general contractor, we offer consulting and complete solutions tailored to the customer’s needs: preparation, design, construction, furnishing and warranty services. We have the flexibility to implement projects of different sizes and the ability to solve complex challenges.
Homes for over 8,500 families
The Group’s strategic line of business is the development of residential real estate, where we have become one of the strongest brands in the Baltics. We focus on creating large, modern living environments. To ensure top quality, we manage the entire development process from planning and design to construction and sales and the final warranty service. In 30 years, we have built quality homes for more than 8,500 families, with hundreds of new apartments in construction and developments in Tallinn, Tartu, Riga and Vilnius.
Strategy and financial objectives
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%.
A caring and developing employer
The Group companies employ nearly 700 people in Estonia, Latvia, Lithuania and Norway, 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 take responsibility for our decisions and actions that affect employees, customers and partners, as well as local communities, the environment and society at large. We consider it important to contribute to society: in 2019, for example, we supported long-term cooperation projects with more than 150,000 euros. We focus on three areas: we sponsor sports and fitness, we encourage engineering and construction education, and value Estonian art and culture.