• Merko Ehitus revenue and net profit up for both Q2 and H1

    Q2 revenue for Merko Ehitus was EUR 86 million and net profit was EUR 6.4 million. The revenue for H1 grew by 12% to EUR 146 million and net profit by 19% to EUR 9.8 million. This year, Merko has sold 150 apartments and launched the construction of more than 800 apartments. “The construction sector …


  • Merko Ehitus experiences increase in sales revenue and profit for Q1 2021

    In Q1 2021, Merko Ehitus posted sales revenue of 60 million euros and net profit of 3.4 million euros, increasing by 7% and 67%, respectively, compared to the previous year. In three months, Merko sold 90 apartments and started construction of more than 560 apartments. The volume of the secured order book and new contracts …


  • 2020 net profit for Merko Ehitus grows to EUR 23 million

    Merko Ehitus posted revenue of approximately EUR 106 million for Q4 2020, while total revenue for the whole year was EUR 316 million. The group’s Q4 2020 net profit was EUR 10 million and its annual net profit grew over 40%, amounting to EUR 23 million. In coordination with the supervisory board, the group’s management …


  • Merko Ehitus grew its revenue and net profit in Q3

    In Q3 2020, Merko Ehitus posted revenue of EUR 79.7 million and a net profit of EUR 4.9 million, representing growth of 8.6% and 92%, respectively, compared to the previous year. The group’s 9-month revenue amounted to EUR 209 million and net profit to EUR 13.1 million. In 9 months, Merko sold 534 apartments. “The …


  • Merks will build the modern business centre VERDE in Riga

    Merks has entered into a contract with SIA Hanzas 14, owned by Capitalica Baltic Real Estate Fund I, for the construction of business complex Verde in Skanste district, Riga. Verde business centre is to become one of the largest business centres in Riga with the total area of 45,000 m2, including the underground parking lot. …


  • Merko Ehitus posted a profit of two million euros in the first quarter

    In Q1 of 2020, Merko Ehitus posted revenue of EUR 56 million and a net profit of EUR 2.0 million. Construction services made up 62% and real estate development 38% of the group’s revenue. New construction contracts worth EUR 87 million in total were signed, and the volume of the secured orderbook at the end …


  • Decision on continuing development projects amid the current global pandemic

    The AS Merko Ehitus Group management board has decided to continue the ongoing stages of Merko apartment development projects in Estonia, Latvia and Lithuania but not to launch new developments or new stages of ongoing projects for the next three months. The subsidiaries of the group in Tallinn, Riga and Vilnius currently have about 800 …


  • Andris Bišmeistars to become the new CEO of Merks as of April

    There will be a change in the Management Board of SIA Merks as of 1 April 2020. Oskars Ozoliņš, who has held the position of the Chairman of the Management Board since 2012, will leave the company. Current Member of the Management Board and Construction Director Andris Bišmeistars will start as the new Chairman of …