Lithuania

  • Merko Ehitus 2022 net profit exceeds EUR 34 million

    Merko Ehitus posted revenue figures of EUR 143 million for Q4 and EUR 410 million for 2022 as a whole. Compared to the same period of the previous year, net profit in Q4 increased by 27% to EUR 17.6 million and for the year as a whole, by 19% to EUR 34.6 million. In 2022, …

  • 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.

  • 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 …

  • 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 …

  • 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 …

  • 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 …

  • 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 …