Latvia
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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 …
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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, …
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Merko Ehitus posts revenue of EUR 266 million and net profit of EUR 17 million for first nine months of 2022
Revenue for Merko Ehitus amounted to EUR 110 million in Q3 2022 and the revenue for the first nine months of the year to EUR 266 million, while figures for net profit stood at EUR 9.8 million in Q3 and EUR 17 million for nine months. During the first nine months of this year, Merko …
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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 …
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Merko Ehitus posts H1 revenue of EUR 156 million and net profit of EUR 7.2 million
Revenue for Merko Ehitus was EUR 88 million in Q2 2022, and EUR 156 million in H1 2022, while the respective figures for net profit were EUR 4.2 million and EUR 7.2 million. This year, Merko has delivered 214 apartments to buyers and a number of development projects will be completed in the second half …
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Merko Ehitus earns EUR three million net profit in Q1
Revenue for Merko Ehitus in Q1 2022 grew to EUR 68 million, operating profit amounted to EUR 3.7 million and net profit to EUR 3 million. In the first quarter, Merko delivered 126 apartments to buyers and the construction of 1,700 apartments is now under way. “The situation on the construction market continues to be …
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Merko Ehitus net profit for 2021 grows to EUR 29 million
Merko Ehitus posted revenue of EUR 113 million for Q4 2021 and the corresponding figure for the entire year was close to EUR 340 million. The group’s net profit for Q4 grew by 40% to EUR 14 million and the annual net profit by 27% to EUR 29 million. In 2021, Merko handed over 500 …
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Net profit for Merko Ehitus at nine-month mark exceeds EUR 15 million
Third-quarter revenue for Merko Ehitus was EUR 81 million and net profit for the same period was EUR 5.5 million. The revenue for the first nine months of 2021 grew by 8% to EUR 227 million and net profit by 17% to over EUR 15 million. This year in the three Baltics, Merko has launched …
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Kapitel and Merko signed an agreement for the construction of the Elemental Skanste office buildings
Kapitel and Merko/Merks signed a nearly EUR 49 million contract for the construction of the Elemental Skanste office buildings in the Skanste district of Riga. Two interconnected 10-storey buildings will be completed in the spring of 2023. Kapitel’s total investment in the development of the office building is approximately 60 million euros. “Elemental Skanste project …
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Merko Ehitus revenue and net profit up for both Q2 and H1
Q2 revenue for Merko Ehitus was EUR 86 million and net profit was EUR 6.4 million. The revenue for H1 grew by 12% to EUR 146 million and net profit by 19% to EUR 9.8 million. This year, Merko has sold 150 apartments and launched the construction of more than 800 apartments. “The construction sector …