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  • Merko Ehitus posts EUR 379 million revenue for the first 9 months of 2024

    Merko Ehitus posted revenue of EUR 379 million and a net profit of EUR 44.8 million for the first nine months of the current year. Third quarter revenue was EUR 175 million and net profit was EUR 27.3 million. Sales of construction services made up about 90% of the 9-month revenue. “We have accelerated the …

  • We are building the Tartu Defence House

    On 6 November, AS Merko Ehitus Eesti entered into a design-build contract with the State Defence Investments Centre for building the so-called national defence house at the Defence Forces’ Raadi base in Tartu. The projected net area of the building is 5,200 square metres and it is home to units and institutions in the Estonian …

  • Merko Ehitus is again the most competitive construction company in Estonia

    On 2 November, the most competitive companies in Estonia in 2024 were announced. In the field of construction, AS Merko Ehitus was named the most competitive company for the eighteenth time. The Estonian Chamber of Commerce and Industry has compiled the Estonian Companies’ Competitiveness Ranking since 2003. Within the framework of the competition, the general …

  • City Plaza 2 office building starts going up

    On 5 September, Merko Ehitus Eesti entered into a design and construction contract with Estconde Invest OÜ for building an office building on the Tartu mnt 1 plot at the corner of Gonsiori and A. Laikmaa streets in Tallinn. A 101-metre-high building with 28 aboveground storeys and two underground levels will be erected on the …

  • Merko continues to be most valued employer among technology students

    At an event held on 4 September, Merko successfully retained its title of most attractive employer among technology students. The employer branding agency Instar conducted the Estonia-wide survey of job expectations and employer reputation for the 15th time. The goal was to determine employees’ expectations and the organisations they would most like to work for. …

  • Construction of the mainline of Rail Baltica starts

    Today, on 26 August, Merko Ehitus Eesti and GRK Eesti signed a design-build contract with Rail Baltic Estonia for construction of the mainline of a Harju County segment of the Rail Baltica project. The contract covers the completion of the fourth phase of the railway infrastructure, which is a segment on the mainline with a …

  • Merko Ehitus posts H1 2024 revenue of EUR 204 million

    Revenue for Merko Ehitus at the six-month mark of 2024 was EUR 204 million while net profit stood at EUR 17.5 million. Second-quarter revenue was EUR 122 million and net profit was EUR 13.1 million. The lower volumes from real estate development have been compensated by higher sales of construction services, which made up nearly …

  • Merko Ehitus increases revenue in Q1 of 2024

    Q1 2024 revenue for Merko Ehitus was EUR 81.2 million, representing 7.2% growth compared to the same period a year ago. Net profit for the quarter was EUR 4.4 million. Merko has delivered 59 apartments and 7 commercial units to buyers so far this year. “The apartment market behaved as expected in the first quarter …

  • We are starting construction on the sixth stage of Uus-Veerenni

    We will soon start the construction of a new apartment building in the Uus-Veerenni residential quarter. In the largest new residential area in the centre of Tallinn, a living environment with 500 apartments has already been completed and continues to develop vigorously. The next homes will be completed at Tiiu 14 in the summer of …

  • Noblessner light tower adorned by a lighting installation called Pesa (Nest)

    An installation that combines metal and lighting art called Pesa is now located on top of the Noblessner port complex’s former lighting tower. The work commissioned by Merko was created to give new life to the urban space and encourage similar beautification of old and disused industrial sites. Pesa is the first part of a potentially more extensive public …