a 61% increase compared to the previous year (€370.2mn). With an adjusted EBITDA at €76.
6mn, Vinted turned a €20.4mn net loss in 2022 into a €17.8mn net profit in 2023.
The startup attributes its profitability to significant growth, starting with increased penetration in existing markets and its expansion to Romania, Denmark, and Finland. In addition, the company continued its expansion into luxury fashion with verification, and further developed Vinted Go, its own shipping service. "Second-hand fashion is still a relatively.
.. Ioanna Lykiardopoulou.
