E-Commerce Media Talk 2024

Otto Group cannot completely sidestep the negative trend overshadowing the e-commerce market, but still improves operating profitability

Given the ongoing, adverse economic environment, the Otto Group's global e-commerce revenues in the current 2023/24 financial year (29 February 2024) fell by around 9 percent to just under 10.8 billion euros, according to initial forecasts and on a comparable basis*. However, operating profitability is expected to improve in line with strategic planning. The retail and services group will continue to invest in logistics, IT and in customer-centric solutions in the field of artificial intelligence.

* Revenue adjusted for effects from changes in the Otto Group’s corporate portfolio (excluding My Toys) between financial years 2022/23 and 2023/24, and for currency translation effects.