News
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 ...
“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 ...
“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 ...
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 ...
“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. ...
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 ...
The construction process of “Orkla Biscuit Production” new biscuit and wafer factory has begun
On November 4, 2020 the Chairman of the Board of “Orkla Biscuit Production” Toms Didrihsons together with the Minister for Economics of the Republic of Latvia Jānis Vitenbergs, the chair-man of Ādaži municipality Māris Sprindžuks and Member of the Board and Construction Direc-tor of “Merks” Andris Bišmeistars started the construction process of the new biscuit ...
“Merks” employees receive the highest awards in the industry
Last night at a ceremony at VEF Culture Palace, 12 construction professionals received the highest industry award in the country the “Grand Prix of the Construction Industry 2020”. Two of these professionals are “Merks” colleagues Roberts Rēboks and Jānis Zilgme, who were recognized as the best “Project Managers of the Year” in the category “Engineer ...
Merks signs an agreement on construction of Salaspils kindergarten
Construction company “Merks” has signed an agreement with Salaspils County Council on the construction of a new kindergarten in Salaspils. The works include construction of a new, fully furnished kindergarten building, construction of the territory infrastructure and reconstruction of the city gas distribution pipelines. The contract amount is 5.8 million euros. The construction works are ...
Merks to build “Orkla Biscuit Production” biscuit and wafer factory in Ādaži
The construction company Merks was selected as the builder of the new “Orkla Biscuit Production” biscuit and wafer factory. The total contract amount is almost 32 million euros and it foresee the construction of a new biscuit and wafer factory in Ādaži. “Merks” will start the preparation for the construction work in October this year. ...