Baltic Classifieds Group plc (BCG.L, BCG LN)
Founded in 1999, Baltic Classifieds Group (BCG) operates 12 portals in Lithuania, Latvia and Estonia, serving the automotive, real estate, jobs & services and generalist verticals. Operations are 100% digital, linking house buyers with estate agents, car buyers with dealers, job hunters with recruiters and buyers with sellers of goods. With adjusted EBITDA margins of c.77%, BCG is a beneficiary of the network effect for all its portals, with more listings and visits than its nearest competitors - on average, a Baltic resident visits a BCG website 11 times a month. The group has expanded into new verticals and geographies via M&A and enjoys the guidance of former RMV and AUTO CEOs, Ed Williams and Trevor Mather, on the Board.
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