Management Board of Northern Horizon Capital AS has approved the unaudited consolidated interim financial statements of Baltic Horizon Fund (the Fund) for the first nine months of 2022. Net result and net rental income The Group recorded a net profit…
Despite the difficult economic environment, the group’s 9-month result is characterized by an increase in sales revenue and operating profit. Results for the Buildings and Infrastructure segments differ significantly. Although the profitability of the Buildings segment decreased in the 3rd…
COMMENTARY FROM MANAGEMENT Merko Ehitus revenue was EUR 110 million in Q3 2022 and the revenue for the first nine months of the year amounted to EUR 266 million, while the respective figures for net profit were EUR 9.8 million…
UAB Merko Būstas, part of AS Merko Ehitus group, has started the construction of the third stage of the Vilneles Skverai residential project (merko.lt/vilnelesskverai/), located on the outskirts of the Old Town of Vilnius. The new stage includes eight apartment…
The housing affordability index (HAI) slipped as abnormal price growth gained momentum. Falling affordability and purchasing power, as well as bleak expectations, are likely to curb demand and stifle price growth. The record-high housing affordability that we have seen over…
On 14 September 2022, a contract entered into force between UAB Merko statyba, part of AS Merko Ehitus group, and UAB “VEVP“, part of European Energy A/S group, for the construction of wind turbine foundations for the wind farm in…
AS Pro Kapital Grupp subsidiary company in Lithuania purchased via auction the Vilnius College building, located in the very centre of the capital city, on Naugarduko street. The acquisition deal, valued at €6.25 million, was completed on August 30th. The…
MANAGEMENT REPORT CEO summary The second quarter of 2022 continued the trend we have seen in Q1, with a strong demand for real estate assets in the Baltic countries (particularly Estonia and Lithuania). Our available inventory is mainly sold, but…
Management Board of Northern Horizon Capital AS has approved the unaudited consolidated interim financial statements of Baltic Horizon Fund (the Fund) for the six months of 2022. Distributions to unitholders for Q1 2022 and Q2 2022 Fund results On 28…
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 net asset value (NAV) of the EfTEN United Property Fund was 10.82 euros as of June 30, 2022, increasing by 1.8% over the month. Since the start of the fund in June 2021, the NAV of the fund has…
The net asset value (NAV) of Baltic Horizon Fund (the Fund) unit at end of June 2022 amounted to EUR 1.1215 per unit. Compared to the previous month, NAV per unit increased by +0.54%. The total net asset value of…
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.…
