Trading commentary ahead of 2025 AGM
Baltic Classifieds Group PLC announced that revenue and profit growth for the full year are now expected to be 3-4% below previously communicated expectations. This revision is attributed to a stalled recovery in the Estonian car market, which has been negatively impacted by the new vehicle transaction and ownership tax, leading to a continued reduction in Auto24 revenue.
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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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