Rebuy revenue in 2023 was 216 million euros

German recommerce platform Rebuy recorded a turnover of 216 million euros last year. This means that the company is now profitable for the fifth year in a row. Around 10 million products were sold through the platform and given a second life.

The Berlin-based marketplace has announced its financial results for last year. Rebuy is a marketplace where people can buy and sell refurbished consumer electronics, as well as other secondhand products, such as books. The company is active in Germany, Austria, the Netherlands, France, Italy, Spain and Great Britain.

Growth despite ecommerce decline

In 2022, the company’s sales exceeded 200 million euros for the first time. Last year’s results show that the company is still achieving growth, despite a slowdown in ecommerce in Germany. Last year, online sales in the country dropped by 11.8 percent compared to 2022.

At least 500,000 items in consumer electronics were sold on the platform.

According to Rebuy, around 10 million items were sold through the platform. At least 500,000 of those were consumer electronics. And 300,000 devices were refurbished, of which 215,000 were smartphones.

‘Savings and sustainability go hand in hand’

“The great thing about our products is that price savings and sustainability go hand in hand. Because every device that we give a second life not only protects your wallet, but also the environment: in 2023, more than 200 tons of electronic resources were recycled and over nine billion liters of water were saved through transactions via Rebuy alone”, explained Philipp Gattner, CEO.

More than 200 tons of electronic resources were recycled through transactions via Rebuy in 2023.

According to the company, other used media such as books and games have also experienced a growing popularity. Last year, around nine million second-hand books were sold on the platform.