Baltic Classifieds Group PLC (LSE:BCG) fell to a year's low after it said early signs of recovery in the Estonian car market have "stalled".
The FTSE 250-listed operator of online classified ad portals in the Baltic states said earlier in the year that the market for automobiles in Estonia has been depressed by the new vehicle transaction and ownership tax.
A stalling in the recovery has seen a continued reduction in revenue for its Auto24 database of vehicle ads compared to expectations.
"From a group perspective, we now expect revenue and profit growth for the full year to be 3-4% below that previously communicated," the company said.
BCG shares, which reached an all-time high of close to 380p in July, fell to 265p in early trading on Wednesday, their lowest since August last year.