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Vinted growth outpaces profits
21:07
Vinted posted strong growth but declining profitability, signaling a shift toward tighter cost control. Revenue rose 38% to €1.1 billion and gross merchandise value jumped 47% to €10.8 billion. However, net profit fell 19% to €62 million, while adjusted EBITDA slipped 5% to €151 million.
CEO Thomas Plantenga said the company will prioritize cost…
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