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Baltic Classifieds Group Cuts Annual Profit, Revenue Growth Outlook

By RTTNews Staff Writer   ✉  | Published:  | Google News Follow Us  | Join Us

Baltic Classifieds Group PLC (BCG.L), a Lithuanian online classified platform, said on Wednesday that it has revised down its profit and revenue growth guidance for the full year.

The Group, said: "As previously communicated, the Estonian car market has been depressed by the new vehicle transaction and ownership tax. Early signs of recovery have stalled resulting in a continued reduction in Auto24 revenue compared to our expectations. From a Group perspective, we now expect revenue and profit growth for the full year to be 3-4% below that previously communicated."

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