Estonia
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Merko Ehitus group and Merko Ehitus Eesti will have new Chairmen of the Management Boards
As of 1 January 2024, Ivo Volkov, current Chairman of the Management Board of Merko Ehitus Eesti, will replace Andres Trink as Chairman of the Management Board of Merko Ehitus group. Tõnu Toomik and Urmas Somelar will continue as Members of the Management Board of the group. Jaan Mäe, current Member of the Management Board …
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Estonia’s best intern is Kiara Rumask
The Estonian Employers’ Confederation competition Best Intern 2023 selected Kiara Rumask as the best higher education level intern. She completed her internship at Merko’s Lahekalda construction site. Kiara completed her internship as a second-year student in the building design and construction management speciality in the engineering faculty of TalTech’s Tartu College. Kiara’s resolve set a …
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Merko Ehitus recognised as the most competitive construction company in Estonia for the seventeenth time
For the seventeenth time, AS Merko Ehitus has been declared the most competitive company in Estonia in the category of construction companies. The aim of the Estonian Companies’ Competitiveness Ranking is to facilitate the improvement of competitiveness of Estonian companies and thereby promote faster development of the Estonian economy. The ranking highlights the most successful …
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Merko maintains status as Estonian real estate developer with highest name recognition and reputation
Merko has again been declared the country’s best-known and most reputable real estate developer, which has been the case in all five years the Kantar Emor market research firm has conducted the study – 2019, 2020, 2021, 2022 and 2023. The latest Kantar Emor real estate survey shows that among prospective home buyers as well …
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Pelgulinna State gymnasium is the Best Wooden Building of the Year 2023
The Merko-built Tallinn Pelgulinna State gymnasium has won the main award and the popular favourite title at the best wooden building 2023 competition organized by the Estonian Forest and Wood Industries Association. According to Kaja Pae, member of the jury panel and head of the Ministry of Climate’s construction and living environment department, this is the biggest …
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Merko Ehitus 9-month revenue grows to EUR 340 million and net profit to EUR 32 million
Q3 2023 revenue for Merko Ehitus was EUR 122 million and total revenue for the first nine months was EUR 340 million, representing 11% and 28% growth compared to the same periods a year ago. Net profit in Q3 grew 29% to EUR 12.7 million and net profit for the first nine months was up …
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Innovative nursery school opens in Uus-Veerenni
A new branch of Kalli-kalli nursery school opened in the Uus-Veerenni neighbourhood developed and built by Merko. The long-awaited new addition to the city centre early childhood education landscape has nine classes and serves about 150 children. Meant mainly for Uus-Veerenni residents but with limited availability for others, the nursery school is on Tiiu Street …
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Merko is the most preferred employer for technology students
Instar employer branding agency conducts its survey once a year to determine what university and vocational school students are expecting from an employer and which ones in Estonia are perceived as the most appealing. We are Estonia’s most attractive employer among technology students. This year was the 14th year that Instar has announced its most attractive …
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We are building a logistics centre for Tallinna Kaubamaja Grupp
AS Merko Ehitus Eesti concluded a construction contract with TKM Kinnisvara of the Tallinna Kaubamaja Group to build a logistics centre in Maardu. The centre will be located at Paemurru 1 and will handle the cargo volumes of the Tallinna Kaubamaja Group companies. The total area of the centre will be 17,200 square metres and …
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Merko Ehitus revenue for H1 grows to EUR 217 million and net profit to EUR 19.4 million
Q2 2023 revenue for Merko Ehitus was EUR 142 million and the H1 figure was EUR 217 million. Net profit in Q2 was EUR 13.6 million and net profit for the last six months was EUR 19.4 million. Merko delivered 512 apartments to new homeowners and 15 commercial units to businesses in H1. “Our profit …