MANAGEMENT REPORT CEO summary The first quarter of 2022 has been an atypical one. The Ukraine war started in February caused some concerns due to the geopolitical risks perceived in the area. However, after the initial (and understandable) concerns, the…
The annual general meeting of shareholders of Arco Vara AS held on 17 May 2022 adopted the following decisions: To approve the annual report of Arco Vara AS for 2021. To allocate the net profit for the year ended on…
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…
2022. aasta I kvartali märgusõnadeks on kontserni jaoks esiteks hüppeline müügitulu kasv ja samal ajal terav sisendhindade tõus. Müügitulu kasv on seotud eelmistel perioodidel sõlmitud ehituslepingute täitmisega. Sisendhinnad on tõusnud valdavalt Venemaale ja Valgevenele kehtestatud sanktsioonide tulemusel, lisaks hinnatõusule on…
COMMENTARY FROM MANAGEMENT Merko Ehitus sales revenue in the first quarter was EUR 68.4 million and net profit EUR 3.0 million. The sales revenue for the 3 months of 2022 increased by 14% compared to the same period of previous…
The key words for the first quarter of 2022 for the group are, firstly, a sharp increase in sales revenue and, at the same time, a sharp rise in input prices. The increase in sales revenue is related to the…
Kaamos Groupi uueks finantsjuhiks ja juhatuse liikmaks saab Peeter Aruvald, juriidilise valdkonna juhi ametikohale asub Eliza Tüll. Mõlemad on pikaajalise kogemusega oma ala eksperdid. „Mul on väga hea meel selle üle, et saan liituda Kaamose professionaalse ja ettevõtliku meeskonnaga ning…
The Management Board of Hepsor AS has prepared the audited annual report for 2021. Compared to the unaudited interim report published on 23 February 2022, there are no material differences in the audited report. The consolidated anual report 2021 of…
NOTICE OF THE ANNUAL GENERAL MEETING, ITS AGENDA AND PROPOSED RESOLUTIONS Dear shareholder of Arco Vara AS, Notice is hereby given that the annual general meeting of Arco Vara AS (registry number 10261718; registered office at Rotermanni 10, Tallinn) will…
GROUP CEO’S REVIEW In the field of real estate that became volatile in 2021, Arco Vara’s collective was able to secure more than 40,000 m2 of new development volumes which will provide the Company with a solid foundation for the next…
The housing affordability index (HAI) shows high affordability in the Baltic capitals; however, the data do not depict the current situation in the market due to the time lag between real-time events and statistics. The war in Ukraine poses challenges…
MANAGEMENT REPORT Chairman’s summary The fourth quarter of 2021 has confirmed the positive trend seen in the previous quarter. The overall market is healthy and we are seeing a solid and steady demand for our projects. The construction market still…
Labor shortages are severe, especially in construction. Wage growth will accelerate this year. The net salary of Swedbank’s customers has increased by 8 percent year-on-year in recent months. The unemployment rate fell from 5.7% in the third quarter to 5.2%…
2021. aasta märksõnadeks on 2020. aastal langenud ehitusturu mahtude kiire taastumine ning sisendite järsk hinnakasv, mis asetas tugeva surve varasemalt sõlmitud pikaajaliste ehituslepingute maksumusele. Kogu aastat on iseloomustanud materjalide raske kättesaadavus ja mastaapne hinnatõus, millele aasta teises pooles lisandus ka…
The key words for 2021 are the rapid recovery of the construction market volumes that fell in 2020 and the sharp rise in input prices, which put strong pressure on the cost of previously concluded long-term construction contracts. The whole…
