• 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 …


  • Construction volumes’ growth of Merko Ehitus in Q1 of 2018 on par with expectations

    Sales revenue of Merko Ehitus in Q1 of 2018 grew to EUR 80.3 million, bolstered by the pre-existing portfolio of construction contracts. The group’s net profit was EUR 1.1 million. In the first quarter, Merko companies signed new construction contracts worth EUR 22 million and the secured order book stood at EUR 292 million. “Considering …


  • Merko Ehitus Q3 and 9-month revenue up by one-quarter

    Merko Ehitus’s revenue for both Q3 of 2017 and the first 9 months of the year grew by close to one-quarter – Q3 revenue was EUR 86 million and 9-month revenue was EUR 214.8 million. The group’s net profit in Q3 was EUR 3.4 million and the 9-month figure was EUR 6.6 million. During the …


  • Merko Ehitus grows both sales revenue and net profit in Q2

    Merko Ehitus’s Q2 and first half-year revenue and net profit outpaced the respective figures for last year. Sales revenue in Q2 was EUR 70.7 million and net profit was EUR 2.2 million; while 6-month sales revenue was EUR 128.8 million and net profit was EUR 3.2 million. This year, the group’s contract portfolio has increased …


  • Cornerstone laid for the Radisson Blu Hotel Lietuva extension

    The radiant Radisson Blu Hotel Lietuva on the right bank of the Neris river in Vilnius is expanding, and on 10 May the cornerstone was laid. The hotel property investors, Norwegian real estate development company Linstow AS, the hotel operator Rezidor Hotel Group and Merko Statyba announced that the new project will add an additional …


  • Merko Ehitus increases revenue and profit in Q1

    In Q1 of 2017, Merko Ehitus posted revenue of EUR 58.1 million and a net profit of EUR 1 million. Revenue grew both in Estonia and in other home markets, apartment sales picked up as well. In the first quarter, Merko sold 141 apartments compared to 101 in the same period last year. “Our first …


  • Merko laid corner stone to Vilnius Rinktinės Urban development project

    The Rinktinės Urban residential development in Vilnius city centre comprises three residential buildings, an ibis hotel and two-storey underground parking to connect the entire complex. The hotel will be completed in summer 2018, with the residential buildings in the second half of 2018. “The smart and open city of Vilnius is being renewed and is …