Key figures

The Otto Group is looking back on one of the most challenging financial years in its history. Hallmarks of the 2022/23 financial year included a volatile macroeconomic environment, severe constraints on the consumer climate as well as reluctance to purchase, especially in the principal sales market of Germany.
The Otto Group’s diversification in different sales and procurement markets as well as in its business models proved to be a great strength, so that worldwide revenues in the 2022/23 financial year remained at the previous year’s strong level of around EUR 16.2 billion. E-commerce revenues experienced a slight decline, although they remained with around EUR 12.0 billion close to the previous year’s excellent level.
Overall, a rise in procurement prices and increased factor costs placed a heavy burden on the operating results. Despite the challenging trend in regard to revenue and earnings in the 2022/23 financial year, the Otto Group continued its very considerable investments in logistics and IT infrastructure and remained true to the ongoing digitization of its business models.

Group total

Key figure
RevenueEUR billion16.216.1
thereof e-commerce revenueEUR billion12.012.1
EBITDAEUR million5891,204
EBITEUR million22677
EBTEUR million-2241,863
Loss/profit for the yearEUR million-4131,814
Group equityin EUR mill.5,1685,495
Net financial debtin EUR mill.2,813714
Free cash flowin EUR mill.-1,219867
thereof domesticnumber24,28224,088
thereof foreignnumber16,90418,617

Credit metrics*

Key figure
Cash EBITDAin EUR mill.1,1771,765
Group equity ratioin %36.840.1
Debt service ratioratio2.40.4
Debt to equity ratioratio0.50.1

Sustainability indicators (selected goals from the CR strategy**)

Key figure
Reduction of adjusted CO₂e emissions (compared to the base year of 2018)in %-21-18
Proportion of “preferred fibers”in %5553
Proportion of FSC®-certified furniture productsin %8378
Proportion of sustainable catalogue paperin %9077
Proportion of sustainable packagingin %7871

* For a definition of these financial indicators, please refer to the “Credit metrics” chapter of the Group Management Report.

** The CR strategy covers all Group companies that make a sizeable contribution to the Otto Group’s external revenues in two consecutive financial years. For a detailed description of the CR strategy, please refer to the “Sustainability” chapter.

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