Pre-loved platform Vinted eyes M&A, expansion on first profit milestone [Yahoo! Finance]
ING Group, N.V. (ING)
US:NYSE Investor Relations:
ing.com/investor-relations.htm
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Source: Yahoo! Finance
EBITDA was €76.6m, and net profit was €17.8m compared with a net loss in 2022 of €20.4m. The group has also benefitted from an acceleration of the development of shipping services with Vinted Go and initial steps to further deepen the value chain with payment services. These steps are helping Vinted continue to enhance its customer value proposition and accelerate its global mission to grow the secondhand market. Thomas Plantenga, Vinted Group's CEO said: “Secondhand fashion is still a relatively immature market and only a tiny proportion of fashion overall. Our performance in 2023 was not only proof that we can deliver strong growth but that we are at the forefront of a market with huge potential. More importantly, growing C2C secondhand fashion is an impactful way to mitigate the harm of the fashion industry and the reason behind our mission to make secondhand the first choice. “We have been deploying capital with high ROI for many years, constantly taking into account the fi
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- Progress on share buyback programmeGlobeNewswire
- Euro Zone Wage Concerns Keep ECB Cautious on Rate Cuts [BNN Bloomberg (Canada)]BNN Bloomberg
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- 5/7/24 - Form 6-K
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