Estonia's Merko Ehitus Q4 revenue falls 57%, net profit drops

Merko Ehitus AS

05/02/2026 06:10

Overview

Estonian construction firm's Q4 2025 revenue fell 57%, reflecting a return to typical volumes

Q4 net profit dropped to EUR 3.2 mln from EUR 19.9 mln in Q4 2024

Company signed EUR 363 mln in new contracts in 2025, boosting order book

Outlook

Merko Ehitus sees cautious private-sector demand for construction services

Company expects modest outlook for Connecto due to declining energy infrastructure investments

Merko Ehitus reports historically high order book exceeding EUR 800 mln in early 2026

Result Drivers

PROJECT COMPLETIONS - Completion of major projects like Arter Quarter and Pabradė defence campus contributed to results

REAL ESTATE DEVELOPMENT - Increased role of real estate development with more apartment sales and new launches, especially in Vilnius

NEW CONTRACTS - Signed new contracts worth EUR 363 mln, including major Rail Baltica agreements, boosting order book

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q4 Revenue
EUR 69.14 mln
Q4 Net Income
EUR 3.23 mln
Q4 Gross Profit
EUR 8.81 mln
Q4 Operating Income
EUR 2.72 mln
Q4 Pretax Profit
EUR 4.61 mln


Press Release: ID:nGNE5ffh6G

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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)