Baltic Classifieds Group posts higher revenue, guides to lower margins

(Sharecast News) - Baltic Classifieds Group shares fell more than 7% on Thursday morning after the online classifieds operator reported full-year revenue growth but guided to a lower margin and higher leverage as it continues an accelerated buyback programme. The FTSE 250 company said revenue rose 7% to €88.5m in the year ended 30 April, while EBITDA also increased 7% to €68.6m and the EBITDA margin remained stable at 78%.

Operating profit grew 13% to €60.4m, profit for the year rose 14% to €50.9m, and adjusted net income increased 7% to €58.1m.

Baltic Classifieds said it returned €101.1m to shareholders through buybacks and dividends during the year, after increasing borrowings to fund repurchases it said reflected an undervalued share price.

Net debt rose to €46.2m from €4.4m, with leverage increasing to 0.7x, while the group said it expected revenue growth of around 10% in 2027 and a full-year margin in the mid-70s.

At 0918 BST, shares in Baltic Classifieds Group were down 7.47% at 185.61p.

Reporting by Josh White for Sharecast.com.

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