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Baltic Classifieds

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Baltic Classifieds Group plc
Company typePublic
LSEBCG
FTSE 250 component
Founded1999
HeadquartersVilnius, Lithuania
Key people
Trevor Mather (Chairman)
Justinas Šimkus (CEO)
ServicesClassified portals
RevenueIncrease 60.8 million (2023)[1]
Increase €29.1 million (2023)[1]
Increase €23.2 million (2023)[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

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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]

In 2023, the company became the third unicorn company in Lithuania after Vinted and Nord Security.[6]

References

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  1. ^ a b c "Annual Report 2023" (PDF). Baltic Classifieds. Retrieved 12 February 2024.
  2. ^ a b "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.
  6. ^ "Oficialu: Lietuva turi trečiąjį vienaragį". Made in Vilnius. Retrieved 24 March 2024.