• 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 …


  • Business operations in the situation of coronavirus COVID-19 pandemic

    We take a responsible approach to the pandemic situation and do our best to minimize the impact and consequences of the pandemic on our employees, customers, partners and shareholders. We follow the requirements and instructions of the governments and health boards/authorities of our home markets and, if necessary, change our working processes accordingly. In order …


  • 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 …


  • Merko building more than 1,100 apartments in the Baltics

    Merko Ehitus posted revenue of EUR 73 million in Q3 and EUR 228 million for the first nine months of 2019. The group’s net profit for Q3 was EUR 2.5 million, and the nine-month net profit was EUR 7 million. The decline in the group’s revenue stems from the completion of major construction projects in …


  • Merko Ehitus posted six months’ revenue of EUR 154 million

    Merko Ehitus posted revenue of EUR 77 million in Q2 and EUR 154 million for the first six months of 2019. The group’s profit before taxes in Q2 was EUR 4.5 million and profit before taxes for six months was EUR 7.5 million; net profit amounted to EUR 1.7 million and EUR 4.5 million, respectively. …


  • Merko Ehitus Q1 profit grew to EUR 2.8 million

    In Q1 of 2019, Merko Ehitus posted revenue of EUR 77 million and net profit of EUR 2.8 million. The number of apartments delivered to buyers in Q1 of this year grew more than 20% year-over-year. “Nearly 4% decrease in revenue in the first quarter was expected, considering the trend of decreasing construction orders on …


  • Merko Ehitus sales revenue and profit continued growth in Q3

    Merko Ehitus Group posted revenue of EUR 115 million in Q3 and the nine-month figure was EUR 299 million. The group’s net profit in Q3 increased to 5.6 million and the nine-month net profit amounted to EUR 12.3 million. This year, Merko Ehitus has launched nine new residential development projects with a total of 840 …