The Vinted group--which includes the secondhand shopping platform, as well as the logistics activity Vinted Go to deliver buyers’ parcels and the payment activity Vinted Pay--achieved strong growth in 2024 attributed to “continuous reinvestment in the business,” says the group. Vinted .
In 2024, it delivered consolidated revenue of €813.4m, up 36% on 2023. Its net profit reached €76.7m, an increase of 330%, and its adjusted Ebitda €158.9m. These good results are explained by the launch of new categories on the site and new geographical areas, notably Croatia, Greece and Ireland. Its “luxury” and “electronics” categories also enjoyed strong growth.
“This performance is the result of our hard work to deliver products that bring high value for members at the lowest possible cost. We do this by having a relentless focus on cost control, building complex infrastructure ourselves, and innovating to bring new services and solutions at scale. It’s this mix of scale, innovation and cost control that helps us succeed,” said Vinted Group CEO Thomas Plantenga.
“These results not only reflect Vinted’s wide adoption across Europe, but also our substantial contribution to the second-hand economy. This, along with securing our secondary share sale and €5bn valuation, demonstrates our robust financial position to be able to continue to scale and reinvest into the business, fuelling further growth,” added Vinted CFO Maurizio D’Arrigo.
For the future, Vinted wants to continue to expand geographically and invest in new categories. It also intends to continue developing its Vinted Go logistics business, which already operates in France and the Benelux countries. Thanks to consignments installed in several countries, users can benefit from a new shipping method, in addition to the usual carriers such as Mondial Relay, Relais Colis or Chronopost. This year, Vinted Go will also be rolled out in Spain and Portugal.
The group--which employs 2,200 people--is also continuing to roll out its Vinted Pay service, which aims to simplify transactions on the platform and reduce its costs. The aim is also to “strengthen the Vinted ecosystem.” For the time being, this service has only been deployed in Lithuania, the country where the platform was born.
At the same time as announcing its annual results, the group announced the launch of an investment arm: Vinted Ventures, which “is focussed on investing in the next generation of founders and startups in the re-commerce value chain.” The group’s ambition is to build an ecosystem of companies that will transform the way people consume. This new venture capital fund will act as an investor to fuel future re-commerce growth opportunities in Europe, targeting series A to C companies.
“Through Vinted Ventures, we are backing ambitious founders whose products and services solve real-world problems and who are poised to redefine the way people buy, sell and value their goods. We look forward to working closely with the next generation of innovators to change consumer habits and ensure their long-term success,” explained Vinted’s senior director of corporate development, Milda Jasaité.
This article was originally published in .