Management Board of Northern Horizon Capital AS has approved the unaudited financial results of Baltic Horizon Fund (the Fund) for the twelve months of 2024. Our strategic ambitions In 2024, the Fund’s management team made the strategic decision to implement key…
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%…
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…
The subsidiary of Aktsiaselts Infortar, INF Mustakivi OÜ, along with OÜ T-Bumani and Depo DIY EE OÜ, signed a construction agreement and a property lease agreement for the development of a Depo (DIY Store) in Lasnamäe. As part of the…
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…
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…
In Q3 2024, Estonian GDP dropped 0.7% y/y in real terms, while it increased 0.1% q/q (seasonally and working day adjusted – swda), according to the flash estimate of Statistics Estonia. The estimate met our expectations. Estonia has left economic…
Harjumaa lähikümnendi suurima kinnisvaraarenduse KEKE Kvartali peaehitis, Keila Keskus sai täna nurgakivi. Piirkonna suurim kaubandus-, meelelahutus- ja kogukonnakeskus avatakse 2026. aasta alguses ning on loodud eesmärgiga kujuneda kogu Harjumaa lääneosa elanike peamiseks vaba aja veetmise sihtkohaks. Paldiski maanteele, Tervisekeskuse ja…
Baltic Horizon Fund today announces the release of its fifth annual ESG report. Tarmo Karotam, Fund Manager for Baltic Horizon Fund, commented: “We are very pleased to present our new ESG report covering the fund’s operations for 2023. Environmental, social,…
On June 12, 2024, Hepsor U34 SIA, Hepsor AS group company, and Latvian affiliate of Bigbank AS signed a loan agreement for the amount of 9 million euros. The purpose of the loan is to finance the construction of StokOfiss…
Estonia’s GDP dropped 2.4% year-on-year in Q1 2024 in real terms (non-adjusted), according to Statistics Estonia. In quarter-on-quarter comparison, GDP continued to contract at the start of the year, falling by 0.5% (swda) in the first quarter. Nominal GDP growth…
Elamuarendaja Avalon sõlmis Tartu mnt 44 aadressil asuva äri- ja kortermaja ehitamiseks lepingu peatöövõtjaga Bildgren Ehitus. Ligi 14,5 miljonit eurot maksva arendusega rajatakse Tallinna tuiksoonele modernne Manhattani stiilis äri- ja kortermaja. Ehitusega alustati sel nädalal, hoone valmib järgmise aasta lõpus.…
Hepsor U34 SIA, a subsidiary of Hepsor AS Group, and construction company Mitt&Perlebach signed a contract on May 17, 2024, for the construction of a development project called StokOfiss 34 in Riga at Ulbrokas 34. The construction contract is approximately…
COMMENTARY FROM MANAGEMENT Merko Ehitus revenue was EUR 81.2 million in Q1 2024, representing 7.2% growth compared to the same period a year ago. Net profit for the quarter was EUR 4.4 million. Merko delivered 59 apartments and 7 commercial…
The consolidated sales revenue of Hepsor AS amounted to 2.3 million euros in the first quarter of 2024 and the net loss was 0.97 million euros (including a net loss attributable to the owners of the parent of 0.88 million…
