FY results preview

研报英文原文证据摘录

FY results preview

Deutsche Bank Group

Deutsche Numis Research

Rating Company Date

Buy Baltic Classifieds Group 17 June 2026

Europe Reuters Bloomberg Rating Buy

United Kingdom BCG.L BCG LN Price target (GBX) 278.0 Price at 15 Jun 26 182.7

52-week range 377.5 – 170.8

Media and Online

Online services Valuation & Risks

Gareth Davies

FY 26 results to 30 April will be released on 2 July. H1 results in December were Research Analyst

+44-20-754-11560 specifically impacted by ongoing issues in the Estonian car market, with a further

weather-related impact on this business noted in early CY 2026. We expect Steve Liechti

strength in Lithuania, and within the overall property vertical to have offset any Research Analyst

further headwind in Autos. On 1 June, an additional buyback program of up to +44-20-7541-1549

€180m was confirmed. Outlook comments, an update on the Estonian car market,

Annabel Hames and specifics around AI progress will be of key focus beyond numbers. Research Analyst

+44-20-754-11574 Guidance for year at H1 results. To recap, at the time of H1 results in December

it was confirmed that despite record inventory comparables and the challenges in

the Estonian Auto market, revenue growth in H2 would be above the +7.2%

delivered in H1 and is expected to accelerate into double digits in FY 27. Real

Estate and Autos are expected to lead the growth with Jobs & Services and

Generalist to grow at a more modest pace. EBITDA margin to be in the mid-

seventies. C2C product changes and price rises were implemented in Spring.

Mix shifted a little during period. We have made no change to our overall revenue

growth or margin assumptions at a Group level since h1 results in early

December. However, mindful of the impact of extreme weather in Estonia in