reports
Notice on convening the Annual General Meeting of shareholders of AS M...
Notice on convening the Annual General Meeting of shareholders of AS Merko Ehitus The Management Board of AS Merko Ehitus, registry code 11520257, seated at Järvevana tee 9G, Tallinn, 11314, will convene the annual general meeting of shareholders of AS Merko Ehitus on Thursday, 15 May 2025 at 10.00 at Nordic Hotel Forum conference centre (Viru square 3, Tallinn). The set of shareholders, entitled for the participation in the general meeting, will be determined 7 days before the general meeting of shareholders is held, i.e. on 7 May 2025 at close of the business of the settlement system. Re...
ASi Merko Ehitus aktsionäride korralise üldkoosoleku kokkukutsumise te...
ASi Merko Ehitus aktsionäride korralise üldkoosoleku kokkukutsumise teade ASi Merko Ehitus, registrikood 11520257, asukoht Järvevana tee 9G, Tallinn, 11314, juhatus kutsub ASi Merko Ehitus aktsionäride korralise üldkoosoleku kokku neljapäeval, 15. mail 2025. aastal kell 10.00 Nordic Hotel Forum hotelli konverentsikeskuses (Viru väljak 3, Tallinn). Üldkoosolekul osalemiseks õigustatud aktsionäride ring määratakse kindlaks 7 päeva enne üldkoosoleku toimumist, st 7. mail 2025. aastal arveldussüsteemi tööpäeva lõpu seisuga. Koosolekust osavõtjate registreerimine algab 15. mail 2025. aastal kel...
Audited annual report 2024
Audited annual report 2024 STATEMENT OF THE CHAIRMAN OF THE MANAGEMENT BOARD Dear shareholders and readers, 2024, a year of record turnover and profit for Merko, is now in the books. This report gives an overview of the figures as well as the activities during these successful 12 months. The solid results are not just the product of chance. Now on the cusp of its 35th anniversary, Merko has been successful for years on the strength of its masterful workforce and has grown to be a clearly international company. In 2024, we did exit the Norwegian market, but we continue operations in Estoni...
Auditeeritud majandusaasta aruanne 2024
Auditeeritud majandusaasta aruanne 2024 JUHATUSE ESIMEHE PÖÖRDUMINE Lugupeetud aktsionärid, head lugejad Merkole rekordilise käibe ja kasumi toonud 2024. aasta on statistikaks saanud. Detailitäpse ülevaate numbritest ja eduka aasta tegemistest annab käesolev aruanne. Head tulemused ei ole juhus. Peatselt 35-aastaseks saav Merko on oma meisterlike töötajatega läbi aastate edukas olnud ja kasvanud selgelt rahvusvaheliseks ettevõtteks. 2024. aastal väljusime Norra turult ning jätkame tegutsemist Eestis, Lätis ja Leedus. 2024. aasta näitas ilmekalt, et sõltumata geograafilisest lähedusest, ...
Construction contract (Building facility)
Construction contract (Building facility) AS Nordecon and the Estonian Centre for Defence Investments have signed a contract for the design and construction of a building facility in Harju County. The contract is valued at 3.7 million euros, plus VAT, and the building is scheduled for completion in the spring of 2026. 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 ...
Ehituslepingu sõlmimine (Hoone ehitus)
Ehituslepingu sõlmimine (Hoone ehitus) AS Nordecon ja Riigi Kaitseinvesteeringute Keskus sõlmisid lepingu hoone projekteerimiseks ja ehitamiseks Harjumaal. Lepingu maht on 3,7 miljonit eurot, millele lisandub käibemaks, ning hoone valmib 2026. aasta kevadel. Nordeconi kontsern () hõlmab ettevõtteid, mis on keskendunud hoonete ja rajatiste ehitamise projektijuhtimisele ja peatöövõtule. Geograafiliselt tegutsevad kontserni ettevõtted Eestis, Ukrainas ja Rootsis. Kontserni emaettevõte Nordecon AS on registreeritud ja asub Tallinnas, Eestis. Kontserni 2024. aasta auditeerimata konsolideeritud ...
Construction contract (Tapa Army Base Barracks)
Construction contract (Tapa Army Base Barracks) AS Nordecon and the Estonian Centre for Defence Investments have signed a contract for the design and construction of a barracks intended for allied forces in the Tapa Army Base. The contract is valued at 5.3 million euros, plus VAT, and the building is scheduled for completion in the spring of 2026. 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 pa...
Ehituslepingu sõlmimine (Tapa sõjaväelinnaku kasarmu)
Ehituslepingu sõlmimine (Tapa sõjaväelinnaku kasarmu) AS Nordecon ja Riigi Kaitseinvesteeringute Keskus sõlmisid lepingu liitlastele mõeldud kasarmu projekteerimiseks ja ehitamiseks Tapa linnakusse. Lepingu maht on 5,3 miljonit eurot, millele lisandub käibemaks, ning hoone valmib 2026. aasta kevadel. Nordeconi kontsern () hõlmab ettevõtteid, mis on keskendunud hoonete ja rajatiste ehitamise projektijuhtimisele ja peatöövõtule. Geograafiliselt tegutsevad kontserni ettevõtted Eestis, Ukrainas ja Rootsis. Kontserni emaettevõte Nordecon AS on registreeritud ja asub Tallinnas, Eestis. Kontserni...
Construction contract in Estonia (Rail Baltica main line Tallinn-Pärnu...
Construction contract in Estonia (Rail Baltica main line Tallinn-Pärnu section) Rail Baltic Estonia has announced that in the public procurement "Rail Baltica Ülemiste-Pärnu, Pärnu–Latvian border mainline design and build (Alliance)" with reference number 284278, the alliance, which includes AS Merko Ehitus Eesti, part of the AS Merko Ehitus group, and GRK Eesti AS, GRK Suomi Oy, NGE Contracting, Sweco Finland Oy, Sweco Sverige AB and TSO SAS, was declared successful in Part 1 or Alliance 1. The cost of the design and construction of Alliance 1 by the client’s expectations is 394 million e...
Ehitusleping Eestis (Rail Baltica põhitrass Tallinn-Pärnu lõigul)
Ehitusleping Eestis (Rail Baltica põhitrass Tallinn-Pärnu lõigul) Rail Baltic Estonia on teavitanud, et riigihankel "Rail Baltica Ülemiste-Pärnu, Pärnu–Läti piir põhitrassi projekteerimine ja ehitus (Allianss)“ viitenumbriga 284278, kuulutati Osa 1 ehk Allianss 1 osas edukaks allianss, kuhu kuuluvad AS Merko Ehitus kontserni kuuluv AS Merko Ehitus Eesti ning GRK Eesti AS, GRK Suomi Oy, NGE Contracting, Sweco Finland Oy, Sweco Sverige AB ja TSO SAS. Allianss 1 projekteerimise ja ehituse maksumuseks eeldab tellija 394 miljonit eurot. See hõlmab raudtee Ülemiste-Pärnu lõigu pealisehitust ja...
Launch of a new residential development project Allveelaeva 2 in Noble...
Launch of a new residential development project Allveelaeva 2 in Noblessner seafront quarter (Tallinn, Estonia) Kodusadam OÜ, a joint venture of OÜ Merko Kodud and AS BLRT Grupp, has decided to launch a real estate development project at Allveelaeva 2 () in the Noblessner harbour district. The apartment building with 83 apartments and 6 commercial units will be completed in the beginning of 2027. The apartments in the energy class A building range in size from 42 to 161 square metres and the price per square metre starts from 4,200 euros. Parking spaces are located on the ground and underg...
Construction contract (Rail Baltica railway line Selja-Tootsi section)
Construction contract (Rail Baltica railway line Selja-Tootsi section) AS Nordecon's group company, Tariston AS, and OÜ Rail Baltic Estonia have signed a construction contract for the first phase of railway infrastructure construction on the Rail Baltica main route in Pärnu County, on the Selja-Tootsi section. The work will involve building a total of 14.5 kilometers of railway embankment and six structures, including three ecoducts, two viaducts, and a pedestrian and bicycle tunnel. The total volume of earthworks for the entire section is approximately 2.5 million cubic meters. The cost o...
Ehituslepingu sõlmimine (Rail Baltica põhitrassi Selja-Tootsi lõik)
Ehituslepingu sõlmimine (Rail Baltica põhitrassi Selja-Tootsi lõik) AS Nordecon kontserni ettevõte Tariston AS ja OÜ Rail Baltic Estonia sõlmisid ehituse töövõtulepingu Rail Baltica Pärnumaa põhitrassi raudteetaristu I etapi ehitustöödeks lõigul Selja-Tootsi. Tööde käigus rajatakse kokku 14,5 kilomeetrit raudtee muldkeha ning kuus rajatist, sealhulgas kolm ökodukti, kaks viadukti ning kergliiklusteetunnel. Mullatööde maht kogu lõigul on ca 2,5 miljonit kuupmeetrit. Lepingu maht on 62,3 miljonit eurot, millele lisandub käibemaks ning tööd kestavad kuni 2028. aasta lõpuni. Nordeconi kontsern...
Construction contract (Võru Kindergarten Punamütsike)
Construction contract (Võru Kindergarten Punamütsike) AS Nordecon group company Embach Ehitus OÜ and Võru City Government signed a contract for the construction of Kindergarten Punamütsike located at Vilja 10, Võru. The total value of the contract is 6.37 million euros without VAT and the works will be completed in 14 months. 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 N...
Construction contract in Estonia (Tallinn Hobby Centre Kullo)
Construction contract in Estonia (Tallinn Hobby Centre Kullo) On 12 February 2025, AS Merko Ehitus Eesti, part of AS Merko Ehitus group, and the Tallinn Property Department signed a construction contract for the construction of the Tallinn Hobby Centre Kullo located at Mustamäe tee 59, Tallinn. The contract includes the demolition of the existing Kullo building and the construction of a new 4-storey building with a net area of approximately 12 000 m2, along with partial design and furnishing. The new community centre will house Kullo, Estonia's oldest and largest hobby school, the Kristiin...
Ehitusleping Eestis (Tallinna Huvikeskus Kullo)
Ehitusleping Eestis (Tallinna Huvikeskus Kullo) 12. veebruaril 2025 sõlmisid AS Merko Ehitus kontserni kuuluv AS Merko Ehitus Eesti ja Tallinna Linnavaraamet ehituslepingu Tallinna Huvikeskus Kullo rajamiseks Tallinnas aadressil Mustamäe tee 59. Leping hõlmab Kullo olemasoleva hoone lammutamist ja ligikaudu 12 000 ruutmeetrise netopinnaga uue 4-korruselise hoone rajamist koos osalise projekteerimise ja sisustamisega. Uues kogukonnakeskuses hakkavad tööle Eesti vanim ja suurim huvihariduskool Kullo, Kristiine noortekeskus ja raamatukogu. Keskuse ümber rajatakse avalikuks kasutamiseks mõeldu...
2024 12 months and IV quarter consolidated unaudited interim report
2024 12 months and IV quarter consolidated unaudited interim report COMMENTARY FROM MANAGEMENT Merko Ehitus posted revenue of EUR 160.4 million and net profit of EUR 19.9 million in Q4 of 2024. The respective figures for the entire year 2024 were EUR 539 million and EUR 64.7 million. Approximately 90% of revenue came from sales of construction services and 53% was earned in Lithuania. In coordination with the supervisory board, the management board of Merko Ehitus proposes to the general shareholder meeting to pay out EUR 1.90 per share as dividends. According to the management of Merko E...
2024 IV quarter and 12 months consolidated interim report (unaudited)
2024 IV quarter and 12 months consolidated interim report (unaudited) The year 2024 was successful for the Nordecon Group. Profitability improved significantly, and revenue increased. The general contracting market remains highly competitive, and developers' confidence is low. No change is expected in the volume of public sector orders for the consecutive year. Consequently, the group does not foresee significant growth in investments or the construction market in 2025. The group's gross profit margin in 2024 was 7.5% (2023: 2.0%), and in the fourth quarter, it reached 9% (Q4 2023: (1)%). T...
Construction contract (Viljandi spa hotel)
Construction contract (Viljandi spa hotel) Nordecon AS and AS OG Elektra have signed a contract for the construction of the new spa hotel and swimming complex in Viljandi. This four-story multifunctional building will have a total area of 15,800 sqm. In addition to the swimming pool, the complex will feature a water and sauna centre, a restaurant, 150 hotel rooms, and a conference centre. The total cost of the contract is 30 million euros excluding VAT, and the works will be completed in the summer of 2027. Nordecon () is a group of construction companies whose core business is constructi...
Launch of Šnipiškiu Urban residential project (Vilnius, Lithuania)
Launch of Šnipiškiu Urban residential project (Vilnius, Lithuania) Merko Bustas, part of AS Merko Ehitus group, has launched the Šnipiškiu Urban residential development project in Vilnius. The development project comprises a total of 229 apartments in six buildings and an underground parking connecting them. Merko has started the construction of the first phase, which includes the entire underground car park complex and the first three above-ground apartment buildings. Completion of the first phase is scheduled for 2026. Šnipiškiu Urban residential quarter () is located at Daugeliskio str....
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