Baltic Classifieds Group PLC

BCG

Equity

ISIN GB00BN44P254 / Valor 111980347

LSE London Stock Exchange, SETS (2024-12-23)

GBP 3.13-1.57%

Baltic Classifieds Group PLC
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About company

Baltic Classifieds Group PLC (BCG) stands as the premier operator of online classifieds in the Baltic region, encompassing Lithuania, Estonia, and Latvia. The company manages a diverse portfolio of fourteen leading online classifieds portals, which are segmented into four main business lines: Auto, Real Estate, Jobs & Services, and Generalist categories. These platforms serve as digital marketplaces where individuals and businesses can buy, sell, or rent products and services across a wide range of categories. BCG's offerings are accessible through a variety of brand websites, which are optimized for both desktop and mobile users, ensuring broad accessibility and user convenience. By focusing on these key sectors, BCG has positioned itself as a critical intermediary in the digital commerce ecosystem of the Baltic states, facilitating transactions and connections within the region's online marketplace.

Summarized from source with an LLMView SourceSector: Finance

Revenue Growth

Baltic Classifieds Group PLC reported a significant revenue growth of 19% for the year ended 30 April 2024, reaching €72.1 million compared to €60.8 million in 2023. This growth was driven by strong performance across all business lines, particularly in the core classifieds revenue streams B2C and C2C, which grew by 22% and 18% respectively.

EBITDA Increase

The Group's EBITDA increased by 20% to €55.3 million in the year ended 30 April 2024, up from €46.0 million in 2023. This resulted in an EBITDA margin expansion of 1 percentage point to 77%. The accounting operating profit also saw a substantial increase of 32%, reaching €38.3 million.

Profit and Earnings Per Share

Baltic Classifieds Group PLC's profit for the period grew by 38% to €32.0 million, compared to €23.2 million in the previous year. Adjusted basic earnings per share (EPS) increased by 20% to 9.2 € cents, while basic EPS saw a 40% rise to 6.5 € cents.

Cash Flow and Debt Reduction

Cash generated from operating activities grew by 23% to €59.0 million, maintaining a cash conversion rate of 99%. The Group made a voluntary repayment of €20 million of debt, reducing the gross loan balance to €50.0 million and net debt to €27.5 million, with a year-end Net debt/EBITDA ratio of 0.5x.

Dividends and Share Buybacks

During the year ended 30 April 2024, Baltic Classifieds Group PLC returned €32.6 million to shareholders through share buybacks (€19.3 million) and dividends (€13.3 million). The Board has proposed a final dividend of 2.1 € cents per share, bringing the total dividends for the year to 3.1 € cents per share, pending approval.

Summarized from source with an LLMView Source

Key figures

28.6%1Y

35.9%3Y

%5Y

Performance

28.8%1Y

46.2%3Y

47.4%5Y

Volatility