OREANDA-NEWS. Profitability: net profit in 12M 2013 was EUR 10.4 million (12M 2012: EUR 7.6 million), which has increased 36.3% compared to the same period last year. Net profit in Q4 was EUR 2.5 million (Q4 2012: EUR 4.4 million).

Revenue has increased: 12M 2013 revenue was EUR 262.7 million (12M 2012: EUR 249.1 million), which has increased 5.5% compared to the same period last year. Revenue in Q4 was EUR 64.9 million (Q4 2012: EUR 71.4 million), which is mainly influenced by the decrease of revenues in engineering and road construction segments.

Strong cash position: by the end of the reporting period, the group had EUR 46.6 million in cash and cash equivalents and equity EUR 121.9 million (50.9% of total assets). Comparable figures in 2012 were accordingly EUR 35.3 million and EUR 116.9 million (52.0% of total assets).

Secured order book: In Q4 2013, EUR 48.6 million worth of new contracts were signed (Q4 2012: EUR 49.4 million) and as at 31 December 2013, the group's secured order book amounted to EUR 213.7 million (31 December 2012: EUR 189.9 million).

Dividend proposal: the Management Board proposes to pay the shareholders EUR 7.3 million as dividends from the total net profits brought forward (EUR 0.41 per share), that gives dividend rate of 70% for 2013.

AS Merko Ehitus is a holding company incorporating construction and real estate development companies offering integrated construction solutions in Estonia, Latvia and Lithuania. Major construction companies incorporated under the holding company include AS Merko Ehitus Eesti (100%), SIA Merks (100%), UAB Merko Statyba (100%), as well as the AS Merko Ehitus Eesti group companies Tallinna Teede AS (100%) and AS Merko Infra (100%).

The main activity of the holding company is development and implementation of the strategies of Merko Ehitus group's separate business areas primarily through long-term planning of resources. The Management Board of the holding company AS Merko Ehitus has two members: Andres Trink and Tonu Toomik.