Vinga of Sweden AB
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Vinga of Sweden AB - overview
Established
2005
Location
Bor�s, -, Sweden
Primary Industry
Retail
About
Vinga of Sweden AB is a company focused on sustainable lifestyle accessories and gift solutions, catering to environmentally conscious consumers by offering a variety of products designed for practicality and style. Founded in 2005, Vinga of Sweden AB operates out of Borås, Sweden, and specializes in sustainable gifts and lifestyle products. The company underwent an acquisition by Xindao B. V.
, a portfolio company of Rivean Capital, in June 2022, which aimed to enhance its product offerings and market presence. Vinga specializes in a diverse array of products, primarily focusing on sustainable gift solutions and lifestyle accessories that appeal to environmentally conscious consumers. Their flagship offerings include gift cards, which are available in two main variants: Flexible Gift Cards that allow recipients to choose from a wide assortment of products and Selection Gift Cards that come with predetermined monetary values for specific gifts. The product line extends to a range of fashionable bags and accessories, such as the Baltimore and Sortino collections, designed with minimalist aesthetics and functionality in mind.
These products aim to address the need for practical yet stylish items that can be used across various settings, from everyday activities to outdoor adventures. Vinga's customer base encompasses a wide demographic, including individuals seeking thoughtful gifts and businesses looking for corporate gifting solutions. The company's products are marketed primarily in Sweden and other European markets. In the most recent year, Vinga reported a revenue of USD 19.
98 mn, with an EBITDA of USD -493,019. 7, reflecting their direct-to-consumer sales model that focuses on both individual consumers and corporate clients. Revenue is generated through the sale of gift cards and lifestyle products via their online platform at vingahome. com, highlighting their commitment to eco-friendly practices in product offerings.
Vinga intends to broaden its product portfolio by introducing new sustainable lifestyle products, although specific release dates have not been announced. The company aims to expand into additional European markets to increase its reach, further backed by the acquisition from Xindao B. V. The rationale behind this acquisition is to strengthen Vinga's reputation as a provider of sustainable business gifts, which aligns with their future growth strategy.
Primary Industry
Retail
Sub Industries
Accessories, Footwear, Furniture, Home Improvement & DIY, Packaging
Website
www.vinga.com
Verticals
E-commerce
Company Stage
Add-on
Total Amount Raised
Subscriber access only
Vinga of Sweden AB - timeline of key events
Vinga of Sweden AB - financials
| Fiscal Year Ended | Jun 30, 2012 | Jun 30, 2013 | Jun 30, 2014 | Jun 30, 2015 | Jun 30, 2016 | Jun 30, 2017 | Jun 30, 2018 | Jun 30, 2019 | Jun 30, 2020 | Jun 30, 2021 | Dec 31, 2022 | Dec 31, 2023 | Dec 31, 2024 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue (USD) | 69,631,778 | 66,872,452 | 76,078,212 | 87,096,895 | 99,314,191 | 120,116,000 | 128,085,000 | 135,294,000 | 126,266,000 | 187,153,000 | - | - | - |
| % Revenue Growth (YoY) | - | (4.0%) | 13.8% | 14.5% | 14.0% | 20.9% | 6.6% | 5.6% | (6.7%) | 48.2% | - | - | - |
| EBITDA (USD) | 6,161,831 | 5,010,437 | 3,708,645 | 5,467,742 | 6,654,413 | 13,919,000 | 13,572,000 | 9,377,000 | 15,837,000 | 25,671,000 | - | - | - |
| Operating Income (USD) | 5,966,476 | 4,923,029 | 3,639,485 | 5,213,436 | 6,199,635 | 13,447,000 | 13,042,000 | 7,963,000 | 14,572,000 | 24,339,000 | - | - | - |
| Operating Margin | 8.6% | 7.4% | 4.8% | 6.0% | 6.2% | 11.2% | 10.2% | 5.9% | 11.5% | 13.0% | - | - | - |
| % EBITDA Margin | 8.8% | 7.5% | 4.9% | 6.3% | 6.7% | 11.6% | 10.6% | 6.9% | 12.5% | 13.7% | - | - | - |
| NET Income (USD) | 2,563,759 | 2,611,340 | 2,613,525 | 7,282,294 | 5,248,072 | 8,096,000 | 7,006,000 | 4,104,000 | 9,275,000 | 14,626,000 | - | - | - |
| % Net Margin | 3.7% | 3.9% | 3.4% | 8.4% | 5.3% | 6.7% | 5.5% | 3.0% | 7.3% | 7.8% | - | - | - |
Vinga of Sweden AB - deals
| Deals Type | Deal Status | Target (s) | Deal Date | Investor(s) | Seller(s) | Deal size (Mn) | Enterprise value (Mn) | Post-money valuation (Mn) | EBITDA multiple (x) | Revenue multiple (x) | Lead partner (s) |
|---|---|---|---|---|---|---|---|---|---|---|---|
| Add-on | Announced | Vinga of Sweden AB | - |
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Vinga of Sweden AB - employee data
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