WOOD Flash - Baltic Classifieds Group: trading commentary ahead of 2025 AGM - lower expectations on revenue and net inccome growth
BCG has released some commentary ahead of its 2025 AGM, later today (24 September). The Estonian market is proving to be tougher than expected. The new car tax continues to hold back demand, and the early signs of recovery have stalled, which has had a negative impact on Auto 24’s revenues. We view this as negative for our financial forecasts, as we had expected 15% revenue growth in FY26E (+14% yoy on the consensus estimates), and the recovery has been delayed. Nevertheless, our long-term view on the company remains positive, due to its superior fundamentals, leading market position and established network effect. We see the tax issue as a temporary headwind, effectively pushing demand into the future, rather than eliminating it.
WOOD & Company is the leading investment bank in Emerging Europe. Founded in 1991 and head-quartered in Prague, our footprint spans the region and touches investors around the globe.
A pioneer in Emerging Europe, WOOD executed many of the first CEE equity trades and landmark investment banking transactions. Our electronic trading platform was the first in the region, and remains the best. We are continually expanding our relevance and reach in these ever-evolving markets.
Our equity market share reflects our stature: 7% in Warsaw, 20% in Bucharest, 16% in Hungary, 40% in Prague and 5% in Vienna. Our distribution is unparalleled, with the largest salesforce in the region, servicing a uniquely diverse investor base.
We couple local expertise with a truly international perspective. With offices on the ground in the region, and in key financial hubs such as London and Milano, we are never far from our clients and we remain at the forefront of what’s afoot in the CEE emerging and frontier landscape.
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