Shares in FTSE 250-listed Baltic Classifieds Group PLC (LSE:BCG) fell 13% to 310p as the owner of online classified ad portals in Lithuania, Estonia and Latvia reported mixed final results fresh from its shares having hit all-time highs in recent weeks.
Revenue grew 15% to €83 million and underlying profit (EBITDA) was up 17% at €64 million, with margins expanding by one percentage point to 78%.
The group said there was "broad-based growth" in customer numbers and advertisement volumes, with Real Estate delivering the strongest performance, with 23% growth; followed by Jobs & Services at 15%; Auto growth slowed to 14%, due to the impact from the new car tax in Estonia.
A final dividend of 2.6 euro cents was declared, bringing the total to 3.8 cents, up from 3.1 cents.
The company is guiding to similar revenue growth and EBITDA margin as last year, which implies 15% revenue growth with 78% margin.
Analysts at Peel Hunt said all key metrics were broadly in line with expectations, except for net debt being lower than anticipated.
"With the Estonian Autos segment not expected to grow in the near term, we believe the potential for outperform in FY26E will be limited," they added.
"However, we still expect BCG to deliver revenue growth in line with its medium-term target of 15%, while maintaining a market-leading EBITDA margin of 78%."