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Vinted profit soars on second-hand boom

Vinted Group CEO Thomas Plantenga celebrates the 2024 results (Source: Vinted)

European second-hand marketplace Vinted Group has reported a surge in profitability for 2024, backed by strong revenue growth, continued geographic expansion, and rising demand for sustainable shopping.

The Vilnius-headquartered company posted consolidated revenue of €813.4 million last year, up 36% from €596.3 million in 2023. Net profit jumped an impressive 330% to €76.7 million, while adjusted EBITDA reached €158.9 million, more than doubling from €76.6 million the previous year.

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