Valuation Update With 7 Day Price Move • Jul 31
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.42, the stock trades at a forward P/E ratio of 20x. Average forward P/E is 16x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 11% over the past three years. Simply Wall St's valuation model estimates the intrinsic value at €3.03 per share. Announcement • Jul 24
Baltic Classifieds Group PLC, Annual General Meeting, Sep 23, 2026 Baltic Classifieds Group PLC, Annual General Meeting, Sep 23, 2026, at 11:00 FLE Standard Time. Location: esperanza, paunguriai, trakai district, vilnius county 21282, Lithuania Declared Dividend • Jul 05
Final dividend increased to €0.031 Dividend of €0.031 is 19% higher than last year. Ex-date: 10th September 2026 Payment date: 16th October 2026 Dividend yield will be 2.1%, which is higher than the industry average of 0.6%. Sustainability & Growth Dividend is well covered by both earnings (38% earnings payout ratio) and cash flows (30% cash payout ratio). The dividend has increased by an average of 31% per year over the past 4 years. However, payments have been volatile during that time. EPS is expected to grow by 48% over the next 3 years, which should provide support to the dividend and adequate earnings cover. Reported Earnings • Jul 03
Full year 2026 earnings released: EPS: €0.11 (vs €0.093 in FY 2025) Full year 2026 results: EPS: €0.11 (up from €0.093 in FY 2025). Revenue: €88.5m (up 6.9% from FY 2025). Net income: €50.9m (up 14% from FY 2025). Profit margin: 58% (up from 54% in FY 2025). The increase in margin was primarily driven by higher revenue. Revenue is forecast to grow 9.6% p.a. on average during the next 3 years, compared to a 8.2% growth forecast for the Interactive Media and Services industry in Europe. Over the last 3 years on average, earnings per share has increased by 28% per year but the company’s share price has fallen by 1% per year, which means it is significantly lagging earnings. Board Change • May 20
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. Independent Non-Executive Director Ruta Armone was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Apr 25
Baltic Classifieds Group plc Announces Change of Chief Operating Officer Baltic Classifieds Group PLC announced that Simonas Orkinas has informed the Board of his intention to retire from his position as Chief Operating Officer of the Company and not to stand for re-election at the next Annual General Meeting. Arturas Mizeras, currently Development Director, will assume the role of Chief Operating Officer upon Simonas's departure. Arturas joined Baltic Classifieds Group 15 years ago when BCG acquired his business. He has led several of most successful businesses, including Auto, Generalist and Real Estate portals. Simonas will remain with the Company for up to six months to ensure a smooth and orderly transition. Simonas will not stand for re-election at the next Company's Annual General Meeting in September 2026. Board Change • Dec 30
Insufficient new directors There is 1 new director who has joined the board in the last 3 years. The company's board is composed of: 1 new director. 8 experienced directors. No highly experienced directors. Independent Non-Executive Director Ruta Armone was the last director to join the board, commencing their role in 2024. The company’s insufficient board refreshment is considered a risk according to the Simply Wall St Risk Model. Announcement • Sep 24
Baltic Classifieds Group plc Updates Earnings Guidance for the Full Year 2025 Baltic Classifieds Group PLC updated earnings guidance for the full year 2025. For the year, the company now expects revenue and profit growth to be 3%-4% below that previously communicated. Announcement • Jul 23
Baltic Classifieds Group PLC, Annual General Meeting, Sep 24, 2025 Baltic Classifieds Group PLC, Annual General Meeting, Sep 24, 2025, at 11:00 FLE Standard Time. Location: esperanza, paunguriai, trakai district, vilnius county 21282, Lithuania Announcement • Jul 03
Baltic Classifieds Group PLC Proposes Final Dividend for the Year Ended 30 April 2025, Payable on 17 October 2025 The board of Baltic Classifieds Group PLC has proposed a final dividend of 2.6 Euro cent per share, up 24% from 2.1 Euro cent per share in 2024. If approved, the total dividends for the year will be 3.8 Euro cents per share. The proposed final dividend for the year ended 30 April 2025 of 2.6 Euro cents per share is subject to approval by company shareholders at the Annual General Meeting (AGM) and hence has not been included as a liability in the financial statements. The 2025 final dividend will be paid on 17 October 2025 to shareholders on the register at the close of business on 12 September 2025 and the payment will comprise approximately EUR 12,500,000 of cash. Announcement • Mar 12
Baltic Classifieds Group PLC (LSE:BCG) acquired UAB "UNTU". Baltic Classifieds Group PLC (LSE:BCG) acquired UAB "UNTU" on March 11, 2025.
Baltic Classifieds Group PLC (LSE:BCG) completed the acquisition of UAB "UNTU" on March 11, 2025. Announcement • Jan 24
Baltic Classifieds Group PLC Appoints Tom Hall as Member of the Remuneration and Audit Committees Baltic Classifieds Group PLC, announced that Tom Hall, an existing Non-Executive Director of the Company and Nomination Committee member, has been appointed as a member of the Remuneration and Audit Committees, effective immediately. In his new role, Tom will work alongside other committee members to oversee the Company's executive remuneration practices and financial reporting and audit processes. All members of the Remuneration and Audit Committees are considered to be independent. Announcement • Jul 17
An undisclosed buyer acquired an unknown minority stake in Baltic Classifieds Group PLC (LSE:BCG) from Apax IX, L.P. managed by Apax Partners LLP. An undisclosed buyer acquired an unknown minority stake in Baltic Classifieds Group PLC (LSE:BCG) from Apax IX, L.P. managed by Apax Partners LLP on July 16, 2024.
An undisclosed buyer completed the acquisition of an unknown minority stake in Baltic Classifieds Group PLC (LSE:BCG) from Apax IX, L.P. managed by Apax Partners LLP on July 16, 2024. Declared Dividend • Jul 05
Final dividend of €0.021 announced Shareholders will receive a dividend of €0.021. Ex-date: 12th September 2024 Payment date: 18th October 2024 Dividend yield will be 1.1%, which is higher than the industry average of 0.6%. Payout Ratios Payout ratio: 31%. Cash payout ratio: 19%. Reported Earnings • Jul 05
Full year 2024 earnings released: EPS: €0.065 (vs €0.047 in FY 2023) Full year 2024 results: EPS: €0.065 (up from €0.047 in FY 2023). Revenue: €72.1m (up 19% from FY 2023). Net income: €32.0m (up 38% from FY 2023). Profit margin: 45% (up from 38% in FY 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 9.3% growth forecast for the Interactive Media and Services industry in Europe. Announcement • Jul 03
Baltic Classifieds Group PLC Proposes Final Dividend for the Year Ended 30 April 2024, Payable on 18 October 2024 Baltic Classifieds Group PLC proposed final dividend for the year ended 30 April 2024 of 2.1 euro cents per share is subject to approval by Company shareholders at the Annual General Meeting and hence has not been included as a liability in the financial statements. The 2024final dividend will be paid on 18 October 2024 to shareholders on the register at the close of business on 13 September 2024 and the payment will comprise approximately €10,200 thousand of cash. Announcement • Jun 13
Baltic Classifieds Group PLC Appoints Ruta Armone as an Independent Non-Executive Director of the Company and as A Member of Audit, Nomination and Remuneration Committees Baltic Classifieds Group PLC announced the appointment of Ruta Armone as an Independent Non-executive Director of the Company and as a member of Audit, Nomination and Remuneration Committees with effect from 11 June 2024. Ruta is experienced in corporate, M&A, and securities law and is a partner and co-chair of the Corporate and M&A practice at Ellex Valiunas law firm. Ruta actively participates in working groups and associations aimed at enhancing the legal and tax environment to support high-growth tech companies. She holds an LLM from the Institute for Law and Finance (Goethe University Frankfurt) and an International EMBA from the Baltic Management Institute. Following Ruta's appointment, the Board comprises four Independent Non-Executive Directors, one Non-Executive Director (from Apax), three Executive Directors and a Non-Executive Chair. Announcement • Jan 19
Baltic Classifieds Group PLC has filed a Follow-on Equity Offering. Baltic Classifieds Group PLC has filed a Follow-on Equity Offering.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 17,000,000
Transaction Features: Subsequent Direct Listing Announcement • Jan 18
Baltic Classifieds Group PLC has completed a Follow-on Equity Offering in the amount of £48.41 million. Baltic Classifieds Group PLC has completed a Follow-on Equity Offering in the amount of £48.41 million.
Security Name: Ordinary Shares
Security Type: Common Stock
Securities Offered: 23,500,000
Price\Range: £2.06
Transaction Features: Subsequent Direct Listing Recent Insider Transactions • Dec 18
CEO & Director recently sold €9.9m worth of stock On the 13th of December, Justinas Simkus sold around 4m shares on-market at roughly €2.48 per share. This transaction amounted to 20% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. Justinas has been a net seller over the last 12 months, reducing personal holdings by €10m. Announcement • Dec 08
Baltic Classifieds Group plc Declares Interim Dividend,Payable on 24 January 2024 Baltic Classifieds Group PLC announced Interim dividend up 25% at 1.0 cent per share (H1 2023:0.8 cent per share). The 2024 interim dividend will be paid on 24 January 2024 to shareholders on the register at the close of business on 15 December 2023 and the payment will comprise approximately 4,900 thousand of cash. Dividends are declared and paid in euros. Shareholders can elect to have dividends paid in British Pound Sterling. Currency election deadline for 2024 interim dividend is 3 January 2024. Reported Earnings • Dec 08
First half 2024 earnings released: EPS: €0.031 (vs €0.023 in 1H 2023) First half 2024 results: EPS: €0.031 (up from €0.023 in 1H 2023). Revenue: €35.8m (up 20% from 1H 2023). Net income: €15.3m (up 33% from 1H 2023). Profit margin: 43% (up from 39% in 1H 2023). The increase in margin was driven by higher revenue. Revenue is forecast to grow 13% p.a. on average during the next 3 years, compared to a 10.0% growth forecast for the Interactive Media and Services industry in Europe. Announcement • Oct 01
Baltic Classifieds Group plc Approves Final Dividend for 2023, Payable on October 13, 2023 Baltic Classifieds Group PLC approves final dividend of €1.7 cents per share for 2023, at the Annual General Meeting held on 27 September 2023. The dividend will be paid on 13 October 2023 to shareholders who were on the register at the close of business on 8 September 2023. Announcement • Sep 29
Baltic Classifieds Group PLC (LSE:BCG) commences an Equity Buyback for 49,604,596 shares, representing 10% of its issued share capital, under the authorization approved on September 27, 2023. Baltic Classifieds Group PLC (LSE:BCG) commences share repurchases on September 27, 2023, under the program mandated by the shareholders in the Annual General Meeting held on September 27, 2023. As per the mandate, the company is authorized to repurchase up to 49,604,596 shares, representing 10% of its issued share capital. The minimum price which may be paid for each ordinary share is £0.01 and the maximum price which may be paid for each ordinary share is the higher of an amount equal to 105% of the average of the middle market quotations for an ordinary share, as derived from the London Stock Exchange Daily Official List, for the five business days immediately preceding the day on which the ordinary share is purchased and an amount equal to the higher of the price of the last independent trade of an ordinary share and the current highest independent bid for an ordinary share on the trading venue where the purchase is carried out. Any shares purchased under this authority may either be cancelled or held as treasury shares. The authority shall expire at the earliest of the conclusion of the next Annual General Meeting, or on December 27, 2024, whichever is earlier. As of June 27, 2023, the company had 496,045,965 ordinary shares in issue and no shares in treasury. Announcement • Sep 11
Baltic Classifieds Group PLC to Report First Half, 2024 Results on Dec 06, 2023 Baltic Classifieds Group PLC announced that they will report first half, 2024 results on Dec 06, 2023 Upcoming Dividend • Aug 31
Upcoming dividend of €0.017 per share at 1.4% yield Eligible shareholders must have bought the stock before 07 September 2023. Payment date: 13 October 2023. Payout ratio is a comfortable 53% and this is well supported by cash flows. Trailing yield: 1.4%. Lower than top quartile of German dividend payers (4.9%). Lower than average of industry peers (1.9%). Announcement • Jul 23
Baltic Classifieds Group PLC, Annual General Meeting, Sep 27, 2023 Baltic Classifieds Group PLC, Annual General Meeting, Sep 27, 2023, at 11:00 E. Europe Standard Time. Location: Saltoniškiu st. 9b, LT-08105 Vilinius Lithuania Valuation Update With 7 Day Price Move • Jul 06
Investor sentiment improves as stock rises 16% After last week's 16% share price gain to €2.19, the stock trades at a forward P/E ratio of 41x. Average forward P/E is 18x in the Interactive Media and Services industry in Europe. Total returns to shareholders of 43% over the past year. Simply Wall St's valuation model estimates the intrinsic value at €1.82 per share. New Risk • Jul 03
New minor risk - Dividend sustainability The company has a short dividend paying track record. Continuous dividend paying years: 1 Dividend yield: 1.6% This is considered a minor risk. For dividend focussed investors, companies that have not established a long-term track record of consistently maintaining or growing dividends are less attractive than those companies that have a long track record. Those that have a long track record have proven their underlying business is stable enough to consistently maintain or grow the dividend and that the company considers maintaining the dividend to be one of its priorities. For dividend paying companies, any reduction in the dividend can significantly impact the share price. This is currently the only risk that has been identified for the company. Reported Earnings • Jun 29
Full year 2023 earnings released: EPS: €0.047 (vs €0.005 in FY 2022) Full year 2023 results: EPS: €0.047 (up from €0.005 in FY 2022). Revenue: €60.8m (up 19% from FY 2022). Net income: €23.2m (up €20.8m from FY 2022). Profit margin: 38% (up from 4.7% in FY 2022). The increase in margin was primarily driven by lower expenses. Revenue is forecast to grow 9.2% p.a. on average during the next 3 years, compared to a 9.5% growth forecast for the Interactive Media and Services industry in Europe. Announcement • Jun 29
Baltic Classifieds Group PLC Proposes Final Dividend for the Year Ended 30 April 2023, Payable on 13 October 2023 Baltic Classifieds Group PLC proposed final dividend for the year ended 30 April 2023 of 1.7 EUR cents per share is subject to approval by company shareholders at the Annual General Meeting (AGM) and hence has not been included as a liability in the financial statements. The 2023 final dividend will be paid on 13 October 2023 to shareholders on the register at the close of business on 8 September 2023 and the payment will comprise approximately EUR 8,400,000 of cash. Announcement • May 26
Baltic Classifieds Group PLC to Report Fiscal Year 2023 Results on Jun 29, 2023 Baltic Classifieds Group PLC announced that they will report fiscal year 2023 results at 6:00 AM, Coordinated Universal Time on Jun 29, 2023 Recent Insider Transactions • Jan 25
CEO & Director recently sold €348k worth of stock On the 18th of January, Justinas Simkus sold around 200k shares on-market at roughly €1.74 per share. This transaction amounted to less than 1% of their direct individual holding at the time of the trade. This was the largest sale by an insider in the last 3 months. This was Justinas' only on-market trade for the last 12 months. Reported Earnings • Dec 08
First half 2023 earnings released: EPS: €0.023 (vs €0.016 loss in 1H 2022) First half 2023 results: EPS: €0.023 (up from €0.016 loss in 1H 2022). Revenue: €29.8m (up 19% from 1H 2022). Net income: €11.5m (up €19.1m from 1H 2022). Profit margin: 39% (up from net loss in 1H 2022). The move to profitability was primarily driven by lower expenses. Revenue is forecast to grow 11% p.a. on average during the next 3 years, compared to a 9.9% growth forecast for the Interactive Media and Services industry in Europe. Announcement • Dec 07
Baltic Classifieds Group PLC Declares Interim Dividend for the Six Months Ended 31 October 2022, Payable on 25 January 2023 Baltic Classifieds Group PLC announced that for the six months ended 31 October 2022, the board has declared an interim dividend of 0.8 EUR cents per share (31 October 2021: nil), totalling EUR 3,964,000 (31 October 2021: nil). The interim dividend will be paid on 25 January 2023 to members on the register on 16 December 2022. Board Change • Nov 16
Less than half of directors are independent Following the recent departure of a director, there are only 3 independent directors on the board. The company's board is composed of: 3 independent directors. 5 non-independent directors. Independent Non-Executive Director Jurgita Kirvaitiene was the last independent director to join the board, commencing their role in 2022. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Announcement • Oct 28
Baltic Classifieds Group PLC to Report First Half, 2023 Results on Dec 07, 2022 Baltic Classifieds Group PLC announced that they will report first half, 2023 results on Dec 07, 2022 Announcement • Oct 01
Baltic Classifieds Group plc Approves Final Dividend for 2022, Payable on 14 October 2022 Baltic Classifieds Group PLC on 7 July 2022 the Company released an announcement recommending final dividend of €1.4 cents per share for 2022. This recommendation was approved by the shareholders at the Annual General Meeting held on 28 September 2022. The Company's shareholders will receive their dividend in EUR, unless they have made an election to receive their final dividend in GBP. The deadline for the currency election in respect of this final dividend payment was 23 September 2022. The dividend will be paid on 14 October 2022 to shareholders who were on the register at the close of business on 9 September 2022. Buying Opportunity • Sep 17
Now 21% undervalued Over the last 90 days, the stock is up 6.8%. The fair value is estimated to be €1.99, however this is not to be taken as a buy recommendation but rather should be used as a guide only. For the next 3 years, revenue is forecast to grow by 11% per annum. Earnings is also forecast to grow by 40% per annum over the same time period. Announcement • Jul 28
Baltic Classifieds Group PLC, Annual General Meeting, Sep 28, 2022 Baltic Classifieds Group PLC, Annual General Meeting, Sep 28, 2022, at 08:00 Coordinated Universal Time. Location: Saltoniškiu st. 9b LT-08105 Vilnius Vilinius Lithuania Announcement • Jun 01
Baltic Classifieds Group PLC to Report Fiscal Year 2022 Results on Jul 07, 2022 Baltic Classifieds Group PLC announced that they will report fiscal year 2022 results at 7:00 AM, E. Europe Standard Time on Jul 07, 2022 Announcement • May 19
Baltic Classifieds Group plc Announces Executive Changes Baltic Classifieds Group PLC announced the appointment of Jurgita Kirvaitiene as an Independent Non-executive Director with effect from 17 May 2022. Jurgita will also join the Audit, Nomination and Remuneration Committees. Jurgita built her career at PwC from 1997 to 2015 where she grew to become a Director and a member of the Management Board for Lithuania. Subsequently she became General Manager, and Board member, of a FinTech startup, and supplemented this with being a member of the Audit Committee at Maxima Grupe. Jurgita has a BSc in Business Administration and an MSc in International Business from Vilnius University, completed an International EMBA at the Baltic Management Institute, is a fellow member of ACCA, has been a certified auditor since 2003 and was President of the Lithuanian Chamber of Auditors from 2010 to 2014. Jurgita now works part-time as an Internal Audit Consultant at Baltic Economist UAB. Following Jurgita's appointment, the Board comprises three Independent Non-Executive Directors, one Non-Executive Director (from Apax), three Executive Directors and a Non-Executive Chair. Board Change • Apr 27
Less than half of directors are independent Following the recent departure of a director, there are only 2 independent directors on the board. The company's board is composed of: 2 independent directors. 5 non-independent directors. Senior Independent Non-Executive Director Ed Williams was the last independent director to join the board, commencing their role in 2021. The company's minority of independent directors is a risk according to the Simply Wall St Risk Model. Recent Insider Transactions • Mar 30
Chairman recently bought €584k worth of stock On the 24th of March, Trevor Mather bought around 357k shares on-market at roughly €1.64 per share. This was the largest purchase by an insider in the last 3 months. This was Trevor's only on-market trade for the last 12 months. 
