News
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12.02 2021
2020 net profit for Merko Ehitus grows to EUR 23 million
Merko Ehitus posted revenue of approximately EUR 106 million for Q4 2020, while total revenue for the whole year was EUR 316 million. The group’s Q4 2020 net profit was EUR 10 million and its annual net profit grew over 40%, amounting to EUR 23 million. In coordination with the supervisory board, the group’s management …
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12.02 2021
“Merks” ranks 3rd among the largest developers and introduces its new brand, “Merks mājas”
In 2020, “Merks” construction company rose to the 3rd position on the list of real estate developers, having sold 24.7 million euros worth of apartments in new projects, as evidenced by the “Market review of new and renovated apartments in Riga and Pieriga 2020” by “Colliers” real estate consulting company. In order to enhance awareness …
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04.01 2021
“Merks” begins the construction and apartment reservation of “Merks Mežpilsēta” residential project
The construction company “Merks” has started the construction and reservation of apartments of a new residential project “Merks Mežpilsēta” at Hipokrāta street 24, Riga. Within the framework of the first project stage, three 5-story buildings with 117 apartments will be built. It is planned to complete the construction of the buildings by the end of …
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10.12 2020
The cornerstone for the new kindergarten has been laid in Salaspils
Today, the cornerstone was laid for the new ,now the seventh, pre-school educational institution of Salaspils region, by embedding a so-called time capsule with a message for future generations in the foundations of the future building. Salaspils municipality signed an agreement on the construction of a kindergarten with the construction company “Merks” in October. “Our …
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25.11 2020
“Merks” begins the second stage construction and apartment reservation of the residential project “Merks Viesturdārzs”
The construction company “Merks” has begun the second stage construction of the residential project “Merks Viesturdārzs” and reservation of apartments. Within this project, one building with 167 apartments and 7 commercial units will be constructed at Rūpniecības street 27, in Riga. The second stage is expected to be completed by the first half of 2022. …
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06.11 2020
Merko Ehitus grew its revenue and net profit in Q3
In Q3 2020, Merko Ehitus posted revenue of EUR 79.7 million and a net profit of EUR 4.9 million, representing growth of 8.6% and 92%, respectively, compared to the previous year. The group’s 9-month revenue amounted to EUR 209 million and net profit to EUR 13.1 million. In 9 months, Merko sold 534 apartments. “The …