Your contact persons at the Otto Group
Your contact persons at the Otto Group
Here you can find news from the Otto Group that have an international focus. On the homepages of the group companies you are able to find all of the reports concerning the companies.
With immediate effect, the Otto Group has taken over the Hamburg-based NetImpact and Creative-Task digital service agencies. The entire team headed by Managing Directors Tarek Müller and Sebastian Betz will be supporting the world’s largest online retailer for fashion and lifestyle in the development of new e-commerce business models.
Project FOKUS plans to lead the OTTO, Baur and Schwab brands into a sustainably successful future. All three companies will also continue to operate independently in the market in future too, but will clearly benefit from synergies. To achieve this, as a first step the brands’ profiles are to be significantly sharpened and key investments for the future made. In line with the strategic orientation, the new organisational structures have now also been negotiated and agreed between employer and employee representatives.
The Otto Group is one of the supporters of the Building and Fire Protection Agreement developed by the worldwide trade union associations IndustriALL and UNI, the Clean Clothes Campaign (CCC), the Workers’ Rights Consortium (WRC) and the national trade unions in Bangladesh.
The Otto Group closed the 2012/13 financial year (as at 28 February) with moderate growth and a clearly improved profit result. The Group’s turnover rose by 1.6 per cent to reach 11.8 billion euros, while profit (EBIT) rose by 50 per cent to 388 million euros.
With FOKUS, last year the Otto Group launched one of the most important future-orientated projects in recent years. Negotiations between employee and employer representatives on the balance of interests and the social plan are now almost concluded. It already seems likely that the remaining number of full-time jobs to be shed will probably be less than half of the 700 originally announced.
The former retail platform quelle.de is relaunching as an online shop with a reengineered business model as of 2 May 2013. The focus will remain on the Consumer Electronics and Living assortments.
The Group aims to continue to benefit from the dynamic development of online retail and plans to invest some 300 million euros by 2015. On the one hand the Group aims to drive the development of promising start-ups, and on the other hand to further develop its existing multichannel retailers.
In the 2012/13 financial year (to 28 February 2013), according to preliminary calculations the Otto Group, Hamburg, increased its turnover by 1.7 per cent from 11.6 billion to 11.8 billion euros. “In a fiercely competitive global environment, the Otto Group had a successful year. The Group saw a twin benefit from the dynamic development of e-commerce: both the Group’s online retail turnovers as well as turnover in the Financial Services and Service business segments grew above average. Development in Russia was very positive, where market-leader Otto Group Russia once again achieved a double-digit turnover increase.
The Otto Group processes over 125 million deliveries annually for its customers through the Group’s own logistics service provider, Hermes. About 40 per cent of this is delivered as parcels. Now, the internationally active retail and service group has optimised the size of its boxes: this reduces the transport volume in the delivery of goods ordered from companies in the Otto Group by more than 500 truckloads per year. The benefit for the environment and efficiency means that some 170 tonnes of CO2 emissions can be eliminated.
The results of the ‘Stressreport 2012’ presented on 29 January, 2013 in Berlin reveal that an increasing number of employees are suffering from stress in the workplace. The Otto Group has already been investing for years in a long-term operational health-management system, in order to identify stress-related illnesses among employees in good time and to implement preventative measures.