News
The most advanced biscuit production plant in North Europe to be ready soon: a time capsule has been laid
Today, May 11, a special time capsule was laid in the foundations of Orkla Biscuit Production plant to leave a message for the generations to come. Participating in the ceremony were Orkla Group Executive Vice President Ingvill Tarberg Berg, Orkla Biscuit Production CEO Johan Uddin, Minister of Economy of Republic of Latvia Jānis Vitenbergs, Head ...
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 ...
A memory capsule buried in the foundations of the unique office building “Elemental Skanste”
Today, during the ceremonial event a capsule for future generations was buried in the foundation of the unique building project “Elemental Skanste”. “Elemental Skanste” is the office building of unique concept in Skanste district, which is to be completed in the summer next year. Designed in accordance with international sustainability standards, it will become the ...
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 ...
A symbolic time capsule has been embedded at GUSTAVS Business Center
Today, on December 16, real estate developer GALIO Group together with construction company MERKS, SEB Global Services centre in Riga and architect company SIA Vilnis Miculis gathered to place a symbolic time capsule at the construction site of the brand new and sustainable GUSTAVS Business Center. It is planned that 1100 employees of SEB Global ...
Capsule embedding in “Merks” latest project “Merks Mežpilsēta”
On Tuesday, October 5, a capsule was laid in the latest project of the construction company “Merks” “Merks Mežpilsēta”, Hipokrāta Street 24, Riga with a message for future generations. Within the first stage of the project, 3 five-storey buildings with a total of 117 apartments will be built. The project is planned to be finished ...
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 ...
Appealing the decision of the Latvian Competition Council
With the 09.08.2021 stock exchange announcement, AS Merko Ehitus released information concerning the decision of the Latvian Competition Council regarding group’s subsidiary SIA Merks. SIA Merks considers the conclusions of the Latvian Competition Council concerning SIA Merks’ business practices to be unfounded and unsubstantiated, both factually and legally. Today, on 13.09.2021 SIA Merks and AS ...
Kapitel and Merks 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 ...
The decision of the Latvian Competition Council regarding SIA Merks
On 9th of August 2021, SIA Merks, a subsidiary company of AS Merko Ehitus, received the decision of the Latvian Competition Council regarding the company in the administrative proceeding, started in 2019. Group has disclosed the information about the proceedings with 04.09.2019 Stock Exchange announcement, in the annual and interim reports. According to the 30 ...