Estonia

  • Merko Ehitus revenue for the first half-year grows to EUR 116.2 million

    Sales revenue for Merko Ehitus for H1 rose to EUR 116.2 million and the Q2 figure reached EUR 70.6 million, while the group’s net profit was EUR 2.4 million for H1 and EUR 1.6 million for Q2. The share of construction service revenue earned outside Estonia rose to 31% in the first half-year. Revenue from …

  • Union of Estonian Architects introduces annual prize awarded to architect

    For the first time, the Union of Estonian Architects has announced competition for architect of the year. The aim is to highlight and recognize one outstanding work of architecture and the architect responsible for it. The award is supported by AS Merko Ehitus. The company was signed to a five-year cooperation agreement today. The prize …

  • Merko: Q1 results are in line with expectations in today’s market situation

    Quarterly sales revenue for Merko Ehitus was EUR 45.6 million and net profit EUR 0.8 million. In the first quarter, approximately 42% of sales revenue was earned outside Estonia; the percentage of revenue from Latvian sales reached 37% of the group’s total. The share of the real estate development sector rose to 24% of the …

  • Paepargi apartment development project start of a new phase

    Merko has started the fifth phase of the Paepargi development project at Lasnamäe district in Tallinn. The new phase includes three 4-storey apartment buildings. In April 2015, Merko will start the construction of the first two buildings, located at Paepargi 31 and 33, which are to be completed in spring 2016. The fifth phase of …

  • Resolutions of the annual general meeting of AS Merko Ehitus

    The general meeting of shareholders of AS Merko Ehitus, held on April 29 2015, decided to approve the annual report of the year 2014, pay the shareholders as dividends EUR 0.41 per share, reduce the share capital by EUR 0.23 per share, and appoint AS PricewaterhouseCoopers the auditor of AS Merko Ehitus for the financial …

  • Arhitektuuribüroo Pluss picked as architect of the Noblessner residential district being developed by BLRT and Merko

    The architectural design office Arhitektuuribüroo Pluss and their entry entitled “Kodusadam” (Home Port) won the international restricted architecture competition organized by BLRT and Merko for developing an architectural solution to the Noblessner residential quarter. The Noblessner quarter, an historically prestigious area that keeps on developing, will be the site of a unique apartment development that …

  • Tondiraba Ice Arena wins Concrete Building of the Year title

    The Estonian Concrete Association has picked the Tondiraba Ice Arena as its building of the year for 2014. The judges’ panel said it was an architecturally simple and attractive as well as technically complicated building, built in smooth and constructive cooperation, and that the ice arena stands out in terms of making multifaceted use of …

  • Merko Ehitus achieved the third place at The Best Investor Relations in the Baltic

    The best investor relations practices among Nasdaq Baltic listed companies in 2014 were recognized and the winners of the 9th annual Baltic Market Awards (BMA) were honored on 22nd January. The winners in the main category “The Best Investor Relations in the Baltic” were Tallinna Vesi, TEO LT and Merko Ehitus. In addition, Merko Ehitus …