reports
Construction contract (Viljandi Lidl)
Construction contract (Viljandi Lidl) AS Nordecon group company Embach Ehitus OÜ and Lidl Eesti OÜ signed a contract for the construction of a Lidl store located at Riia 1, Viljandi. The total value of the contract is 4.81 million euros without VAT and the works will be completed in October of 2025. Nordecon () is a group of construction companies whose core business is construction project management and general contracting in the buildings and infrastructures segment. Geographically the Group operates in Estonia, Ukraine and Sweden. The parent of the Group is Nordecon AS, a company regis...
Construction contract (Estonian Public Broadcasting’s new TV house)
Construction contract (Estonian Public Broadcasting’s new TV house) Nordecon AS and Eesti Rahvusringhääling (Estonian Public Broadcasting) entered into a contract for the construction of the new TV house in Tallinn, located at F.R. Kreutzwaldi tn 14 / Gonsiori tn 21. The new television building is a multifunctional structure with up to six above-ground floors and one underground parking level. It compactly and functionally integrates, among other things, studios of different sizes, storage rooms and workshops for decorations, various types of television technology units, and office spaces. ...
Ehituslepingu sõlmimine (Eesti Rahvusringhäälingu uue telemaja ehitust...
Ehituslepingu sõlmimine (Eesti Rahvusringhäälingu uue telemaja ehitustööd) Nordecon AS ja Eesti Rahvusringhääling sõlmisid töövõtulepingu Tallinnasse aadressile F.R. Kreutzwaldi tn 14 / Gonsiori tn 21 rajatava Eesti Rahvusringhäälingu uue telemaja ehitamiseks. Uus telemaja on kuni kuue maapealse ning ühe maa-aluse parkimiskorrusega multifunktsionaalne hoone, kuhu on kompaktselt ja funktsionaalselt hästi toimivalt kokku pandud muuhulgas erineva suurusega stuudiod, dekoratsioonide laoruumid ja töökojad, eri tüüpi teletehnoloogilised struktuuriüksused ning bürooruumid. Hoone suletud netopind o...
2024 III quarter and 9 months consolidated interim report (unaudited)
2024 III quarter and 9 months consolidated interim report (unaudited) In the third quarter of this year, the downward trend in the construction market did not experience a significant shift. Forward-looking indicators that characterize both the construction market and the broader macroeconomic environment are contradictory, making it difficult to predict a market upturn in the coming quarters. This uncertainty affects both the public and private sectors' willingness and confidence to make broad-based investments in buildings and infrastructure.Despite the challenging market conditions, all ...
2024 9 months and III quarter consolidated unaudited interim report
2024 9 months and III quarter consolidated unaudited interim report COMMENTARY FROM MANAGEMENT Merko Ehitus revenue for the 9 months of 2024 was EUR 379 million and net profit was EUR 44.8 million. Third-quarter revenue was EUR 175 million; net profit EUR 27.3 million. Sales of construction services made up about 90% of the 9-month revenue. According to the management of Merko Ehitus, the construction of some projects was accelerated at the request of the clients, which increased current construction volumes, helped reduce costs and increase efficiency. As a result, Merko ended the 9...
2024. aasta 9 kuu ja III kvartali konsolideeritud auditeerimata vahear...
2024. aasta 9 kuu ja III kvartali konsolideeritud auditeerimata vahearuanne JUHTKONNA KOMMENTAAR Merko Ehituse 2024. aasta 9 kuu müügitulu oli 379 miljonit eurot ja puhaskasum 44,8 miljonit eurot. Kolmanda kvartali müügitulu oli 175 miljonit ja puhaskasum 27,3 miljonit eurot. Ehitusteenuste müük moodustas 9 kuu müügitulust pea 90%. Merko Ehituse juhtkonna sõnul kiirendati tellijate soovil mõne objekti ehitust, mis suurendas jooksvalt kontserni ehitusmahtusid, aitas vähendada kulusid ja tõsta efektiivsust. Sellest tulenevalt lõpetas Merko 9 kuud kavandatust tugevama tulemusega. Kontser...
Changes in the Management Board of Nordecon AS
Changes in the Management Board of Nordecon AS At a meeting of the Supervisory Board of Nordecon AS held on 6 November 2024, it was decided that as of 1 January 2025, Priit Luman will be recalled from his position as a member of the Management Board, and Deniss Berman will be appointed as a new member of the Management Board, responsible for sales and pre-construction at Nordecon AS. Priit Luman will continue as the head of Nordecon AS’s foreign markets. Deniss Berman graduated from Tallinn University of Applied Sciences in building construction and holds a master’s degree in environme...
Construction contract in Estonia (Tartu National Defence House)
Construction contract in Estonia (Tartu National Defence House) On 6 November 2024, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and the Estonian Centre for Defence Investment signed a design-and-build construction contract for the construction of a National Defence House in the defence forces Raadi campus in Tartu. The estimated net area of the building is 5,200 square metres and it will house the Ministry of Defence’s governance area divisions and institutions. In addition to workplaces and meeting rooms, the building will provide dormitory-type accommodations. ...
Start of the construction of the first stage of Arena Garden Towers re...
Start of the construction of the first stage of Arena Garden Towers residential project (Riga, Latvia) SIA Merks Mājas, part of AS Merko Ehitus group, has launched the first stage of Arena Garden Towers residential project in Skanste district in Riga. One 13-storey building with 84 apartments at Arēna St. 1 will be completed in the summer of 2026. Arena Garden Towers () residential building will have energy class A rating. The size of the standard apartments ranges between 53 and 105 square meters and the price per square meter ranges from 2,659 to 3,250 euros. The development project ...
Arena Garden Towers korteriarendusprojekti esimese etapi käivitamine (...
Arena Garden Towers korteriarendusprojekti esimese etapi käivitamine (Riia, Läti) AS Merko Ehitus kontserni kuuluv SIA Merks Mājas on käivitanud Riias Skanste linnaosas Arena Garden Towersi korteriarendusprojekti esimese etapi. 13-korruseline 84 korteriga maja aadressil Arēnas iela 1 valmib 2026. aasta suvel. Arena Garden Towersi () korterelamu on A-energiaklassiga. Tavakorterite suurus jääb vahemikku 53–105 ruutmeetrit ja ruutmeetri hind vahemikku 2659–3250 eurot. Arendusprojekt koosneb kokku neljast korterelamust ligi 400 korteri ja kahe äripinnaga. Arena Garden Towers asub Ska...
Public procurement preferred bidder announcement (Estonian Public Broa...
Public procurement preferred bidder announcement (Estonian Public Broadcasting new TV building) Riigi Kinnisvara AS has made a decision today regarding the public procurement for "Construction works of the new Estonian Public Broadcasting TV Building," declaring the bid submitted by Nordecon AS, with a value of 40.1 million euros (including reserve, excluding VAT), as successful. Riigi Kinnisvara AS and Nordecon can sign the contract after the 14-day appeal period prescribed by law has passed, which will be announced separately via a stock exchange announcement. Nordecon () is a group ...
Adjustments to the structure of the group
Adjustments to the structure of the group On September 25, Merko Ehitus group's 100% subsidiaries OÜ Merko Ehitus Ventures and AS Merko Ehitus Eesti signed an agreement, according to which 50% of the share in AS Connecto Eesti, so far owned by Merko Ehitus Eesti, will be transferred to OÜ Merko Ehitus Ventures through the division. The balance sheet date of the division shall be 1 January 2025. Merko Ehitus group is harmonizing with the change in Estonia the structure of its subsidiaries, the structure based on business segments is used in all home markets of the group. AS Merko ...
Kontserni struktuuri korrastamine
Kontserni struktuuri korrastamine 25. septembril allkirjastasid Merko Ehitus kontserni 100% tütarettevõtted OÜ Merko Ehitus Ventures ja AS Merko Ehitus Eesti lepingu, mille kohaselt liigub seni Merko Ehitus Eestile kuulunud 50% osalus ASis Connecto Eesti eraldumise teel OÜsse Merko Ehitus Ventures. Eraldumise teel jagunemise bilansipäevaks on 1. jaanuar 2025. Muudatusega Eestis ühtlustab Merko Ehitus oma tütarettevõtete struktuuri, ärisegmentidest lähtuv struktuur on kasutusel kontserni kõigil koduturgudel. AS Merko Ehitus Eesti () on tunnustatud Eesti ehitusettevõte, mis teostab üld-, ...
Construction contract (Apartment building in Ovruch, Ukraine)
Construction contract (Apartment building in Ovruch, Ukraine) Nordecon AS, together with its subsidiary Eurocon Ukraine TOV as joint bidders, and the Estonian Centre for International Development (ESTDEV) have signed a construction contract for the reconstruction of a building into an apartment complex for internally displaced persons in Ovruch, Zhytomyr Oblast, Ukraine. The contract value is 1.8 million euros, plus VAT, and the construction period is 275 days. Nordecon () is a group of construction companies whose core business is construction project management and general contractin...
Ehituslepingu sõlmimine (Korterelamu Ovrutši linnas Ukrainas)
Ehituslepingu sõlmimine (Korterelamu Ovrutši linnas Ukrainas) Nordecon AS koos tütarettevõttega Eurocon Ukraine TOV ühispakkujatena ja SA Eesti Rahvusvahelise Arengukoostöö Keskus (ESTDEV) sõlmisid ehituse töövõtulepingu hoone rekonstrueerimiseks sisepõgenikele mõeldud korterelamuks Ukrainas, Žõtomõri oblastis, Ovrutši linnas. Lepingu maksumus on 1,8 miljonit eurot, millele lisandub käibemaks, ja ehitusperiood on 275 päeva. Nordeconi kontsern () hõlmab ettevõtteid, mis on keskendunud hoonete ja rajatiste ehitamise projektijuhtimisele ja peatöövõtule. Geograafiliselt tegutsevad kontsern...
Construction contract in Estonia (office building in Tallinn)
Construction contract in Estonia (office building in Tallinn) On 5 September 2024, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and Estconde Invest OÜ entered into a design-and-build contract of an office building located at Tartu mnt 1, Tallinn. The contract includes construction of a 27-storey class A office building with two underground floors, necessary infrastructure and surrounding territory. The building will be completed according to the international BREEAM standard at the level Excellent. The contract value is approximately EUR 64.3 million, plus value added ta...
Ehitusleping Eestis (büroohoone Tallinnas)
Ehitusleping Eestis (büroohoone Tallinnas) 5. septembril 2024 sõlmisid AS Merko Ehitus kontserni kuuluv AS Merko Ehitus Eesti ja Estconde Invest OÜ projekteerimis- ja ehituslepingu büroohoone rajamiseks Tallinnas aadressil Tartu mnt 1. Leping hõlmab 27 maapealse ja kahe maa-aluse korrusega A klassi büroohoone, vajaliku infrastruktuuri ja hoonet ümbritseva territooriumi rajamist. Hoone valmib vastavalt rahvusvahelise jätkusuutlikkuse standardi BREEAM Excellent taseme nõuetele. Lepingu maksumus on ligikaudu 64,3 miljonit eurot, millele lisandub käibemaks. Tööde kestus on 40 kuud. ...
Construction contract in Latvia (student hotel in Riga)
Construction contract in Latvia (student hotel in Riga) On August 27, 2024, SIA Merko Būve, part of AS Merko Ehitus group, and SIA Duck Slokas entered into a design-and-build construction contract of student hotel “Duck Republik” located in Rīga, Slokas iela 51. The contract includes design and construction of 3-storey building with additional underground floor, its territory and infrastructure. The hotel with gross area of 7,680 m² will have fully furnished 210 rooms for 249 students, common rooms with recreation area and gym. Value of the contract is approximately EUR 12.3 million, plu...
Ehitusleping Lätis (tudegihotell Riias)
Ehitusleping Lätis (tudegihotell Riias) 27. augustil 2024 sõlmisid AS Merko Ehitus kontserni kuuluv SIA Merko Būve ja SIA Duck Slokas projekteerimis-ehituslepingu tudengihotelli “Duck Republik” rajamiseks Riias aadressil Slokas iela 51. Leping hõlmab kolme maapealse ja ühe maa-aluse korrusega hoone, territooriumi ja infrastruktuuri projekteerimist ja ehitamist. 7680 m² üldpinnaga hotellis on 210 täielikult sisustatud tuba 249 tudengile, ühisruumid koos puhkeala ja jõusaaliga. Lepingu maksumus on ligikaudu 12,3 miljonit eurot, millele lisandub käibemaks. Tööde valmimise tähtaeg on 2026. a...
Construction contract in Estonia (the fourth stage of Rail Baltica Har...
Construction contract in Estonia (the fourth stage of Rail Baltica Harjumaa main line section) On 26 August 2024, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and GRK Eesti AS signed a design and construction contract with OÜ Rail Baltic Estonia for the construction of the fourth stage of Rail Baltica Harjumaa main line railway infrastructure on Saku-Harjumaa border section. The contract includes the construction of approximately 10.5 kilometres of railway embankment, together with accompanying facilities, noise barriers, maintenance and access roads. In carrying out the works, AS...
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