Latvia

  • The construction of Decco Centrs has been completed

    The construction of the first and largest stage of “Decco Centrs” complex is now completed. The complex is located at Katlakalna street 6d in Riga, and the main design and construction work was carried out by “Merks”, Ltd. The complex of buildings, which combines department stores with individual entrances, offices and warehouses, covers 13,500 square …

  • Merko Ehitus Q3 and 9-month revenue up by one-quarter

    Merko Ehitus’s revenue for both Q3 of 2017 and the first 9 months of the year grew by close to one-quarter – Q3 revenue was EUR 86 million and 9-month revenue was EUR 214.8 million. The group’s net profit in Q3 was EUR 3.4 million and the 9-month figure was EUR 6.6 million. During the …

  • The new Skanstes PARKS apartment project in Riga has been completed

    Having built 130 new units in three apartment buildings, Merks has completed its work on the Skanstes Parks residential project. The territory has a well-equipped public park with an area of ​​21,000 m², playgrounds and underground parking. The project was launched in 2015 and began with the construction of an apartment building at Grostonas 12, …

  • Latvian project manager receives the construction industry’s Grand Prix

    Sergejs Periņecs, Project Manager of Merks construction company, has been awarded the Project Manager of the Year title at the Grand Prix in the Construction Industry ceremony. Sergejs also merited special awards for professional cooperation from Bauroc LLC, Knauf LLC and Doka Latvija LLC. With his expertise and experience, Sergejs has managed to achieve what …

  • Merko Ehitus grows both sales revenue and net profit in Q2

    Merko Ehitus’s Q2 and first half-year revenue and net profit outpaced the respective figures for last year. Sales revenue in Q2 was EUR 70.7 million and net profit was EUR 2.2 million; while 6-month sales revenue was EUR 128.8 million and net profit was EUR 3.2 million. This year, the group’s contract portfolio has increased …

  • Merko Ehitus increases revenue and profit in Q1

    In Q1 of 2017, Merko Ehitus posted revenue of EUR 58.1 million and a net profit of EUR 1 million. Revenue grew both in Estonia and in other home markets, apartment sales picked up as well. In the first quarter, Merko sold 141 apartments compared to 101 in the same period last year. “Our first …

  • Merko starts construction of Akropole, destined to be Riga’s biggest shopping centre

    On 7 April, Merko’s Latvian subsidiary SIA Merks and SIA M257 concluded a construction contract under which SIA Merks will start building the multifunctional Akropole Centre in Riga. The total floor space in what will be Latvia’s largest such facility is 98,000 m² and the value of the construction contract is approximately EUR 100 million. …

  • Merko’s Q3 revenue stays at last year’s level

    Merko Ehitus posted revenue of EUR 67.8 million in Q3 2016, remaining on par with the same quarter in 2015. As of the nine-month mark, revenue has been held back by the slower than planned launch of large-scale projects. In the first 9 months of 2016, the company sold close to 270 apartments and launched …