Despite the continued difficult external environment, the second quarter and first half of 2022 were overall profitable for the group. The increase in sales revenue also continued, which is largely based on the fulfillment of construction contracts concluded in previous…
COMMENTARY FROM MANAGEMENT Merko Ehitus revenue was EUR 88 million in Q2 2022, and EUR 156 million in H1 2022, while the respective figures for net profit were EUR 4.2 million and EUR 7.2 million. This year, Merko has delivered…
The consolidated revenues of Hepsor for the first six months of 2022 amounted to 4.0 million euros (including 2.7 million euros in Q2 2022) and a net loss of 0.3 million euros (including 0.3 million euros in Q2 2022). The…
Hepsor A1 OÜ, a subsidiary of Hepsor AS, acquired two properties at Alvari 1a and Alvari 5, Tallinn on 2 August 2022. The acquired properties will be an addition to Hepsor’s existing development area (Narva Road 150, 150a, 150b, Alvari…
AS Merko Ehitus Eesti, part of AS Merko Ehitus group, has decided to launch the fourth stage of Erminurme residential development project in Tartu Parish. The stage includes three buildings at Erminurme Road 14, Erminurme Road 18 and Erminurme Road…
Nordecon AS kontserni kuuluv ettevõte NOBE (ärinimi Nordecon Betoon OÜ) ja UAB Degaičių vėjas sõlmisid lepingu Leetu Telšiai linna lähedusse rajatava tuulepargi tuulikute vundamentide ehituseks. Leping hõlmab endas nii pinnase-, vaia- kui ka betoonitöid. Tuulepark on koguvõimsusega 60,0 MW. UAB…
NOBE (corporate name Nordecon Betoon OÜ), a Nordecon Group company entered into a contract with UAB Degaičių vėjas for the construction of the foundations of wind turbines to be erected in windfarm close to the city of Telšiai in Lithuania.…
In June, consumer prices rose by 21.9% year-on-year and by 2.7% month-on-month. The price increase accelerated again in annual and monthly terms. Energy accounted for around 60% of the total increase in prices. The price of electricity has doubled, and…
SIA Merks Mājas, part of AS Merko Ehitus group, has started the construction of the third stage of Merks Viesturdārzs residential project in the city centre of Riga. Articulated building of five to seven storeys at Rūpniecības St. 33 with…
Hepsor Marupe SIA, a subsidiary of Hepsor AS in Latvia, signed a 7 million euro loan agreement with Bigbank AS Latvian affiliate on 16 June 2022. The purpose of the three-year loan is to finance the construction of development project…
SIA Merks Mājas, part of AS Merko Ehitus group, has started the construction of the first stage of Merks Magnolijas residential project in Pārdaugava area in Riga. Two three-storey buildings at Skrines St. 6 and 8 with 96 apartments will…
Hepsor Latvia OÜ, a subsidiary of Hepsor AS, signed a real right contract and acquired a property of 30,624 m2 in Ganibu Dambis 17A, City of Riga on 13 June 2022. The contract under law of obligations was signed on…
Consumer prices increased by 20.0%, over the year, and 1.9%, over the month, in Estonia. Prices were lifted by more expensive energy and food. Energy accounted for two-thirds of the increase in the cost of the average consumption basket. Electricity…
Consolidated revenues of Hepsor for Q1 2022 amounted to 1.3 million euros and net profit to 0.02 million euros (including 0.005 million euros attributable to the owners of the parent company). The Group’s revenues and profitability are directly dependent on…
Consumer prices rose more than expected in April. Prices grew by 18.8% year-on-year and 3.6% month-on-month. Inflation accelerated due to the end of government’s energy subsidies on electricity, gas, and central heating in March. Ukrainian refugees lifted rental prices, which…
