Justinas Šimkus

Chief Executive Officer, Baltic Classifieds

Search every verified Justinas Šimkus interview, podcast appearance, and on-the-record quote — each transcript cross-checked by AI and human review to confirm speaker identity. During Baltic Classifieds Group's FY 2024 earnings call on July 10, 2024, Justinas Šimkus stated that the company’s third year as a public company was "a great success." He reported that revenue grew 19% to exceed €72 million, EBITDA increased 20% to over €55 million with a margin above 77%, and cash conversion was near 100%. Šimkus said leverage was reduced from 1.0x to 0.5x EBITDA. He noted the company repurchased €8 million of its own shares, and the board proposed a final dividend of €0.021 per share. Šimkus described FY 2024 as "arguably the best year in our company's history," citing record-high operational KPIs and strong annual revenue growth across all four business lines. He mentioned that a competition authority investigation was terminated in early May, with the appeal period ending in early June, and described the case as closed. On M&A, he said the company would consider leverage up to 3x EBITDA, or higher with a clear deleveraging plan. He also noted that a new rental product launched in Estonia was in a testing phase.