All news
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Merko Ehitus reports higher sales revenue and net profit in Q2
AS Merko Ehitus’s revenue in the second quarter was EUR 65.9 million and six-month revenue EUR 113.7 million in 2013, representing an increase of 11.5% and 6.4%, respectively, compared with the same period in the previous year. Net profit in the second quarter was EUR 2.3 million and net profit for the first six months …
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Olympic Entertainment Group to establish Hilton hotel that is constructed by Merko
Entertainment Group will establish a new upscale hotel operated by Hilton Worldwide replacing the current Reval Park Hotel & Casino in Tallinn, Kreutzwaldi St. The new hotel and entertainment complex costing around 36 million euros will be constructed by Merko Ehitus Eesti and completed by the end of 2015. According to Armin Karu, Chairman of …
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Merko: Iru waste-to-energy unit’s boiler plant facility is supported by a close to 1,000-tonne steel structure made up of over 10,000 parts
The general construction and specialized work on Eesti Energia’s Iru WTE unit, which opened today, was performed by Merko Ehitus Estonia on the basis of a contract with the international waste incineration plant expert, the French firm CNIM. The Iru waste-to-energy unit’s boiler plant facility’s nearly 1,000-tonne three-dimensional steel structure made up of over 10,000 …
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Net profit of Merko Ehitus EUR 1.8 million in first quarter
The sales revenue of AS Merko Ehitus in the first quarter of 2013 amounted to EUR 47.9 million, which is on the same level with last year. The majority of the company’s revenue is still generated in Estonia, but revenue in Latvia has doubled compared to the first quarter of 2012. Net profit in the …
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The winner of Firmaband 2013 was the Company Band Merko Ehitus Eesti “Ma Sulle Ehitan” (I will build for you)
On Saturday, 20th April in Rock Café took place the finals of the competition organized for the third year running “Firmaband 2013” (Company Band 2013). In the finals competed nine bands. The wictory was taken this time by Merko Ehitus Estonia band “Ma Sulle Ehitan.” The Law Firm Sorainen’s band named Sh*itLoadOfTalent came in second …
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The Supervisory Board of Merko Ehitus approved the dividend proposal and the financial objectives until 2018
The Supervisory Board of Merko Ehitus approved the 2012 annual report and the profit allocation proposal to pay the shareholders EUR 5.31 million as dividends, i.e. EUR 0.30 per share. The company’s financial objectives for 2013-2018 foresee a 10% average return on equity for the period and a higher dividend payout ratio. In the financial …
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Euromoney called AS Merko Ehitus the best real estate developer
International financial magazine Euromoney acknowledged AS Merko Ehitus the Estonian best developer in the real estate market survey for 2012. Andres Trink, chairman of the management board of AS Merko Ehitus, said that the acknowledgment is even more valuable, as the Estonian construction and real estate sectors have encountered complicated times during recent years. “We …
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AS Merko Ehitus was awarded with the title of the most competitive construction company
At the festive gala night of entrepreneurship competitions held in Estonia Concert Hall on 20 September 2012 AS Merko Ehitus was awarded with the prize of the Estonian most competitive company among the construction companies. The Estonian Companies’ Competitiveness Ranking, prepared this year for the tenth time, is the entrepreneurship competition with the longest history …
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The school house built by the subsidiary of AS Merko Ehitus won the prestigious award in Lithuania
Balsiai school in Vilnius completed this autumn by UAB Merko Statyba, subsidiary of AS Merko Ehitus, received one of the gold medals at the competition “Product of the year 2011 of Lithuania” organized by the Lithuanian Confederation of Industrialists. “Unique projects such as Balsiai school, the most stylish school in Vilnius, are very important for …
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Tallinn University of Technology gains a unique student life building
The Tallinn University of Technology (TUT) student building, which had its grand opening on 29 September 2011, is unique in Estonia, if not in all three Baltic countries. First opened in 1972, the university’s library building was given a full renovation by Merko Ehitus and now the building has more than 2,000 square metres of …