Baltic Classifieds Group plc (BCG.L, BCG LN)

  • 822.6
  • 500.4
  • 64.3

    Closing Price (p): 164.4

  • RATING 09/08/22


Company Profile

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.

Major Shareholders%
Apax Partners (UK) Ltd.35.5
Kayne Anderson Rudnick Invt. Mgt.10.0
Investec Wealth & Investment Ltd.8.1
BlackRock Invest. Mgt (UK) Ltd.7.2
Simkus Justinas4.6