Baltic Classifieds Group plc
TypePublic
LSE: BCG
FTSE 250 component
Founded1999
HeadquartersVilnius, Lithuania
Key people
Trevor Mather (Chairman)
Justinas Šimkus (CEO)
ServicesClassified portals
RevenueIncrease €51.0 million (2022)[1]
Decrease €13.6 million (2022)[1]
Increase €2.4 million (2022)[1]
Websitebalticclassifieds.com

Baltic Classifieds Group is a Lithuanian company that specialises in classified portals. The company was established in 1999 and is headquartered in Vilnius, Lithuania. It is listed on the London Stock Exchange and is a constituent of the FTSE 250 Index.

History

The company was established with the launch of two classified portals in Estonia in 1999.[2] It subsequently expanded by acquisition creating an enlarged portfolio including portals in Latvia and Lithuania.[2]

The company was acquired by Eesti Meedia Group in 2014 and by funds managed by Apax Partners in May 2019.[3] It was then the subject of an initial public offering on the London Stock Exchange in July 2021.[4] In August 2021 FTSE Russell announced that, based on the size of its market capitalisation (circa £1.2 billion at that time), the company was an indicative candidate for inclusion in the FTSE 250 Index.[5]

References

  1. 1 2 3 "Annual Report 2022" (PDF). Baltic Classifieds. Retrieved 16 February 2023.
  2. 1 2 "Baltic Classifieds Shares Rise in London Market Debut". Market Watch. 30 June 2021. Retrieved 25 August 2021.
  3. ↑ "Apax Funds acquires Baltic Classifieds Group". AIM Group. 21 May 2019. Retrieved 25 August 2021.
  4. ↑ "Baltic Classifieds Group hits £1bn valuation on London Stock Exchange debut". Proactive Investors. 5 July 2021. Retrieved 25 August 2021.
  5. ↑ "FTSE UK Index Series – indicative quarterly review changes September 2021". FTSE Russell. Retrieved 25 August 2021.
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