Estonia
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Merko-led consortium completes Ülemiste junction ahead of deadline
Tomorrow, one of Estonia’s most complex integrated infrastructure projects, the Ülemiste traffic junction, will be opened for traffic. A consortium led by Merko delivered the project ahead of the deadline. The junction consists of a 680-metre-long tunnel for automotive traffic, three tunnels for cyclist and pedestrian use, and a 150-metre overpass. The large-scale construction project …
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Merko: Tallegg’s Tabasalu factory farm is a good example of how private sector orders have picked up
The renovation work and addition built on to Tallegg’s Tabasalu factory farm opened today are a good example of the recent upturn in demand from the private sector, according to Merko. From now on, the Tabasalu plant will be the hub for all of Tallegg’s meat processing operations, allowing the company to double its output. …
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Cornerstone to Narva water treatment plant to be constructed by Merko laid today
Narva water treatment plant, the cornerstone to which was laid today, on 4 September, will ensure high quality drinking water to about 63,000 residents of Narva from the spring of 2015. In addition to the construction of the new water treatment plant, Mustajõe water intake will be reconstructed so as to meet modern standards. Construction …
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Merko Ehitus reports higher sales revenue and net profit in Q2
AS Merko Ehitus’s revenue in the second quarter was EUR 65.9 million and six-month revenue EUR 113.7 million in 2013, representing an increase of 11.5% and 6.4%, respectively, compared with the same period in the previous year. Net profit in the second quarter was EUR 2.3 million and net profit for the first six months …
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Olympic Entertainment Group to establish Hilton hotel that is constructed by Merko
Entertainment Group will establish a new upscale hotel operated by Hilton Worldwide replacing the current Reval Park Hotel & Casino in Tallinn, Kreutzwaldi St. The new hotel and entertainment complex costing around 36 million euros will be constructed by Merko Ehitus Eesti and completed by the end of 2015. According to Armin Karu, Chairman of …
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Merko: Iru waste-to-energy unit’s boiler plant facility is supported by a close to 1,000-tonne steel structure made up of over 10,000 parts
The general construction and specialized work on Eesti Energia’s Iru WTE unit, which opened today, was performed by Merko Ehitus Estonia on the basis of a contract with the international waste incineration plant expert, the French firm CNIM. The Iru waste-to-energy unit’s boiler plant facility’s nearly 1,000-tonne three-dimensional steel structure made up of over 10,000 …
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Net profit of Merko Ehitus EUR 1.8 million in first quarter
The sales revenue of AS Merko Ehitus in the first quarter of 2013 amounted to EUR 47.9 million, which is on the same level with last year. The majority of the company’s revenue is still generated in Estonia, but revenue in Latvia has doubled compared to the first quarter of 2012. Net profit in the …
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The winner of Firmaband 2013 was the Company Band Merko Ehitus Eesti “Ma Sulle Ehitan” (I will build for you)
On Saturday, 20th April in Rock Café took place the finals of the competition organized for the third year running “Firmaband 2013” (Company Band 2013). In the finals competed nine bands. The wictory was taken this time by Merko Ehitus Estonia band “Ma Sulle Ehitan.” The Law Firm Sorainen’s band named Sh*itLoadOfTalent came in second …
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The Supervisory Board of Merko Ehitus approved the dividend proposal and the financial objectives until 2018
The Supervisory Board of Merko Ehitus approved the 2012 annual report and the profit allocation proposal to pay the shareholders EUR 5.31 million as dividends, i.e. EUR 0.30 per share. The company’s financial objectives for 2013-2018 foresee a 10% average return on equity for the period and a higher dividend payout ratio. In the financial …
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Euromoney called AS Merko Ehitus the best real estate developer
International financial magazine Euromoney acknowledged AS Merko Ehitus the Estonian best developer in the real estate market survey for 2012. Andres Trink, chairman of the management board of AS Merko Ehitus, said that the acknowledgment is even more valuable, as the Estonian construction and real estate sectors have encountered complicated times during recent years. “We …