Latvia

  • 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 …

  • Merks and Merks Mājas receive top industry awards in Latvia

    One of the major building industry events – Latvian Annual Building Awards 2022, including the category Building Engineer of the Year in Latvia, was held on 7 March. 123 submissions were received in 10 different categories and 40 best industry specialists were nominated. “The past year has been busy and eventful. Several important projects have been …

  • 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, …

  • Merks wins the prestigious BRELF award Developer of the Year

    According to the results of the jury vote, the construction company Merks has won the prestigious Baltic Real Estate Leaders Forum award titled Developer of the Year. On October 14, the most significant real estate event in the Baltics took place for the 11th year in a row. The event brought together many industry professionals …