Yesterday, the Otto Group officially presented its annual balance for the preceding financial year.
In the 2013/14 financial year now closed the Otto Group increased its turnover in line with planning to EUR 12 billion and achieved a clear improvement in earnings.
The internationally active group of companies continues to expand its position as the world’s second-largest online retailer. Due to its worldwide more than 100 online shops Otto succeeded in generating EUR 363 million more online turnover and thereby realised a total online turnover of EUR 6.063 billion (6.4 % increase). Online turnover now represents 60.5 per cent of combined Group-wide retail turnover. On the German market, turnover growth of 7.2% or EUR 266 million was reported, reaching around EUR 3.960 billion. This means that in German Multichannel Retail, 65.7% of turnover are already generated online.