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    MRK1T   EE3100098328

AS MERKO EHITUS

(MRK1T)
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AS Merko Ehitus : Construction contract in Latvia (GUSTAVS business center in Riga)

08/03/2021 | 06:00am EDT

On 3 August 2021, SIA Merks, part of AS Merko Ehitus group, has entered into a contract with SIA Gustava parks projekti, part of UAB GALIO Group, for the construction of GUSTAVS business center, located at Gustava Zemgala St. 73 in Riga. This is the first building of Gustavs Business Park development project, consisting of three buildings.

The works include construction of a six-storey office building, two-storey underground parking and infrastructure works.

The value of the contract is approximately EUR 22 million, plus value added tax. Construction works are scheduled to be completed in December 2022.

SIA Merks (merks.lv) is a Latvian construction company, which offers construction services in the fields of general construction, civil engineering and residential construction.

Additional information: SIA Merks, Board Member and Construction Director Andris Bišmeistars, phone: +371 6737 3380.

Urmas Somelar
Head of Group Finance Unit
AS Merko Ehitus
+372 650 1250

urmas.somelar@merko.ee

AS Merko Ehitus (group.merko.ee) group consists of AS Merko Ehitus Eesti in Estonia, SIA Merks in Latvia, UAB Merko Statyba in Lithuania and Peritus Entreprenør AS in Norway. Besides providing construction services as a main contractor, the group’s other major area of activity is apartment development. As at the end of 2020, the group employed 666 people, and the group’s revenue for 2020 was EUR 316 million.


© OMX, source GlobeNewswire - EU Press Releases

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Financials
Sales 2020 316 M 367 M 367 M
Net income 2020 23,0 M 26,7 M 26,7 M
Net cash 2020 18,4 M 21,4 M 21,4 M
P/E ratio 2020 114x
Yield 2020 0,68%
Capitalization 269 M 312 M 312 M
EV / Sales 2019 0,63x
EV / Sales 2020 0,47x
Nbr of Employees 718
Free-Float 23,3%
Chart AS MERKO EHITUS
Duration : Period :
AS Merko Ehitus Technical Analysis Chart | MRK1T | EE3100098328 | MarketScreener
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 0
Last Close Price 237,52 EEK
Average target price 120,84 EEK
Spread / Average Target -49,1%
Managers and Directors
Andres Trink Chairman-Management Board
Urmas Somelar Head-Group Finance Unit
Toomas Annus Chairman-Supervisory Board
Indrek Neivelt Independent Member-Supervisory Board
Teet Roopalu Member-Supervisory Board
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