Vinted, the second-hand fashion marketplace, has reported a substantial profit increase, reaching €95.4 million in 2024, nearly three times its previous year's profit. The company also experienced a 36% rise in revenue at €813.4 million, attributed to its expanded product range and high-profile listings. Vinted is no longer limited to clothing; it has entered the consumer electronics market and luxury fashion segments. With operations in 23 markets and over 2,200 staff, the company is focusing on enhancing user value through strategic investments like Vinted Go and Vinted Pay.
Vinted's 2024 profits nearly tripled to €95.4 million, driven by growing demand for second-hand fashion and strategic expansion into consumer electronics and luxury items.
Thomas Plantenga praised their record profits due to delivering high-value offerings to users while investing in logistics and payment solutions to enhance the user experience.
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