Merko Ehitus Q2 2026 results review

PLY Markets assessed Merko Ehitus’ results for the second quarter of 2026 and the key developments in the company’s performance. The insights were also featured in Verslo žinios’ Baltic stock market review.

Merko Ehitus’ second-quarter results were weaker than a year ago: net profit declined by 24% to €8.5 M. Although quarterly revenue increased by 12%, profitability was weighed down by costs of goods sold rising faster than revenue. In the construction segment, revenue grew by 15%, while operating profit fell by 43%, and the operating margin halved compared with the same period last year.

At the same time, PLY Markets highlighted Merko Ehitus’ record order book. At the end of the quarter, it stood at €835.7M, with the Rūdninkai military base project contract accounting for a significant share. The company’s higher valuation metrics (P/E of 15.6x and EV/EBITDA of 18.3x) reflect market expectations that the sizeable order book will translate into stronger financial results in the future.

Full „PLY Markets“ comment: Merko Ehitus 2026 Q2 financial review: Weaker results than a year ago

Verslo žinios review: Baltijos birža: lyderių akcijos per mėnesį brango 7–10%