Forecast 2022/23: Otto Group online revenue almost reaches last year’s outstanding level
Initial forecasts suggest that the Otto Group’s e-commerce sales have remained stable at a high level in the current financial year 2022/23 (February 28, 2023) – despite the ongoing challenging macroeconomic environment. The international retail and services group is expected to report e-commerce revenues totaling 12.1 billion euros, as in 2021/22. Compared to the same period last year, online sales were down by just two percent on a like-for-like basis*.
* Revenue adjusted for effects from changes in the Otto Group’s corporate portfolio between financial years 2021/22 and 2022/23.