Through the yr, income climbed 36% yr on yr to €813.4m (£691m), whereas adjusted EBITDA rose 107% to €158.9m (£134.9m).
The group revealed market Vinted efficiently “deepened the penetration of its market in current markets”, in addition to launching into Croatia, Greece and Eire.
It added that Vinted Go had scaled its logistics operations to supply low-cost, handy delivery to Vinted members by way of locker and pick-up-and-drop-off networks and is constructing on its networks in France and the Benelux area. This yr it can develop into Spain and Portugal.
This month, the group can even launch a devoted funding arm, Vinted Ventures, which can be targeted on investing within the subsequent technology of founders and startups within the re-commerce worth chain.
Thomas Plantenga, CEO of Vinted Group, stated: “This efficiency is the results of our laborious work to ship merchandise that convey excessive worth for members on the lowest doable value. We do that by having a relentless concentrate on value management, constructing complicated infrastructure ourselves and innovating to convey new companies and options at scale.
“At Vinted we purpose to construct an ecosystem of companies that may change the way in which society consumes. Given the potential dimension of the market, we all know there’s an enormous alternative forward and many work to be achieved to get there. We see our present place as a stable basis to construct this future on, and we’ll proceed to study and enhance. We’re in the beginning of the journey and aiming excessive.”
