Latvia

  • Merko Ehitus posts Q1 revenue of EUR 85.2 million

    Merko Ehitus posted revenue of EUR 85.2 million and net profit of EUR 10.5 million in Q1 2025. Real estate development accounted for 30% of the group’s Q1 revenue, having more than doubled in this category compared to the same period a year ago. “Merko’s Q1 results are characterised primarily by increased activity on the …

  • Merko Ehitus posts revenue of EUR 539 million for 2024

    Merko Ehitus posted revenue of EUR 160.4 million and net profit of EUR 19.9 million in Q4 of 2024. The respective figures for the entire year 2024 were EUR 539 million and EUR 64.7 million. Approximately 90% of revenue came from sales of construction services and 53% was earned in Lithuania. In coordination with the …

  • 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 …

  • 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 …

  • Merko Ehitus saw both revenue and net profit increase in 2023

    Q4 2023 revenue for Merko Ehitus was EUR 126 million and the 12-month revenue amounted to EUR 466 million. In 2023, Merko delivered 948 apartments and 27 commercial units to customers. In 2023, the group companies signed new construction contracts worth more than EUR 500 million. The company’s net profit in Q4 2023 was EUR …

  • Merks Majas and Merks projects received high recognition in Latvia

    Merks and Merks Majas projects received high awards in the contest “Latvia’s Building of the Year 2022”. The second stage of residential project Merks Viesturdarzs, developed by Merks Majas won the first place in the category “Residential New-Builds” and was awarded in the special category “Latvian value” as a construction project that used the most …

  • Merko Ehitus revenue and net profit sees growth in Q1 of 2023

    Q1 2023 revenue for Merko Ehitus was EUR 76 million, representing 11% growth compared to the same period a year ago. Net profit for the first quarter was EUR 5.9 million – nearly double that of Q1 2022. Merko delivered 145 apartments to new homeowners in Q1. “Despite the good profit growth in Q1, we …