Second-hand marketplace Vinted has recorded a large increase in sales and profit as it continues to expand into new categories and markets.
In 2024, revenue increased 36% to ā¬813m (Ā£691m), up from ā¬596 (Ā£506m), as the group continued its mission to āmake second-hand the first choiceā.
It also recorded a net profit of ā¬76.7m (Ā£65m), a huge 330% increase from ā¬17.8m (Ā£15m) the year prior. Adjusted EBITDA was ā¬159m (Ā£135m), up from ā¬76.6m (Ā£65m).
In 2024, Vinted marketplace launched into Croatia, Greece and Ireland and ādeepened the penetration of its existing marketsā.
Newer categories, such as luxury fashion,n experienced growth, as well as its existing categories, and it launched an electronics division.
The group said it will continue to expand its marketplace into more categories and countries in 2025.
Vinted Go continued to scale its logistics operations to offer ālow-cost, convenient shipping to Vinted membersā through locker and pick-up-drop-off networks.
It also launched Vinted Ventures in April, which focuses on investing in the next generation of founders and startups in the re-commerce value chain.
Vinted Group chief executive Thomas Plantenga said: āThis performance is the result of our hard work to deliver products that bring high value for members at the lowest possible cost.
āWe do this by having a relentless focus on cost control, building complex infrastructure ourselves, and innovating to bring new services and solutions at scale. Itās this mix of scale, innovation, and cost control that helps us succeed.
āAt Vinted, we aim to build an ecosystem of businesses that can change the way society consumes. Given the potential size of the market, we know thereās a huge opportunity ahead and lots of work to be done to get there.
āWe see our current position as a solid foundation to build this future on, and weāll continue to learn and improve. We are at the start of the journey and aiming high.ā
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