Lithuania
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Merko wins two gold medals at the Lithuanian Product of the Year 2022 Awards
At the annual Lithuanian Product of the Year competition organized by the Lithuanian Confederation of Industrialists “Continental Automotive Lithuania” production building in Kaunas was awarded gold medals. The winners of this competition were announced for the 26th time, 84 companies representing different branches of the country’s industries were nominated for awards.
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Merko projects won 2 awards in the competition ‘For Sustainable Development’
The best real estate projects in Lithuania for 2022 were announced and awarded at the ceremony. The Lithuanian Real Estate Development Association (LNTPA) and the Sustainable Development Academy have been organising the ‘For Sustainable Development competition’ for 15 years. In the ‘For Sustainable Development’ competition, Kaunas District Chief Police Commissariat building was recognized as the best public …
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Merko Ehitus posts revenue of EUR 266 million and net profit of EUR 17 million for first nine months of 2022
Revenue for Merko Ehitus amounted to EUR 110 million in Q3 2022 and the revenue for the first nine months of the year to EUR 266 million, while figures for net profit stood at EUR 9.8 million in Q3 and EUR 17 million for nine months. During the first nine months of this year, Merko …
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Merko Ehitus posts H1 revenue of EUR 156 million and net profit of EUR 7.2 million
Revenue for Merko Ehitus was EUR 88 million in Q2 2022, and EUR 156 million in H1 2022, while the respective figures for net profit were EUR 4.2 million and EUR 7.2 million. This year, Merko has delivered 214 apartments to buyers and a number of development projects will be completed in the second half …
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Merko Ehitus earns EUR three million net profit in Q1
Revenue for Merko Ehitus in Q1 2022 grew to EUR 68 million, operating profit amounted to EUR 3.7 million and net profit to EUR 3 million. In the first quarter, Merko delivered 126 apartments to buyers and the construction of 1,700 apartments is now under way. “The situation on the construction market continues to be …
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Merko Ehitus net profit for 2021 grows to EUR 29 million
Merko Ehitus posted revenue of EUR 113 million for Q4 2021 and the corresponding figure for the entire year was close to EUR 340 million. The group’s net profit for Q4 grew by 40% to EUR 14 million and the annual net profit by 27% to EUR 29 million. In 2021, Merko handed over 500 …
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MERKO won two gold medals at the Lithuanian Product of the Year 2021 Awards
Merko’s two projects in Vilnius, Vilneles slenis residential development and Neringa Hotel and Restaraunt were awarded gold medals at the annual Lithuanian Product of the Year competition, organized by the Lithuanian Confederation of Industrialists. The winners were announced for the 25th time. 53 companies representing 24 branches of the country’s industries were nominated in fifteen …
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Merko recognized for the best residential real estate project in Lithuania and the best real estate project of the last 13 years
For 14 years, the Lithuanian Real Estate Development Association (LNTPA) and the Academy of Sustainable Development have held a competition that is likened to Lithuania’s “Real Estate Oscars”. The award for the best residential real estate development project in 2021 went to Merko’s Vilnelės slėnis, located in Vilnius. A Merko PPP project, Balsiai School, received …
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Merko’s Kaunas Police Building becomes the first A ++ class energy performance administrative building in Lithuania
The head office of the Police Department, built by Merko in Kaunas, is the first A ++ class energy performance administrative building in Lithuania, heated and powered 100% from renewable sources. 350 Kaunas County police officers will work in these modern premises. This is a public-private building, which will be managed by UAB Merko Statyba …
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Net profit for Merko Ehitus at nine-month mark exceeds EUR 15 million
Third-quarter revenue for Merko Ehitus was EUR 81 million and net profit for the same period was EUR 5.5 million. The revenue for the first nine months of 2021 grew by 8% to EUR 227 million and net profit by 17% to over EUR 15 million. This year in the three Baltics, Merko has launched …