Key figures

The 2023/24 financial year was very challenging for all market participants, including the Otto Group, due to geopolitical changes, high interest rates and inflation, as well as persistent consumer restraint in important sales markets. The Otto Group’s revenue in the 2023/24 financial year was around EUR 15 billion, around 6 percent below the previous year on a comparable basis. E-commerce revenue was around EUR 11 billion. Significant progress was made in regard to operating profitability. The advancement of strategically relevant topics continued, despite challenging market circumstances. Targeted investments in the transformation of business models, e.g., in the e-commerce platform OTTO, and in logistics processes, including in the locations in Altenkunstadt and Iłowa, strengthen the future viability of the Otto Group.

Group total

Key figure 2023/242022/23
RevenueEUR billion15,016.2
thereof e-commerce revenueEUR billion10,812.0
EBITDAEUR million744589
EBITEUR million1122
EBTEUR million-350-224
Loss/profit for the yearEUR million-426-413
Group equityin EUR mill.4,6575,168
Net financial debtin EUR mill.2,6762,813
Free cash flowin EUR mill.689-1,219
thereof domesticnumber22,50324,282
thereof foreignnumber15,95316,904

Key performance indicators on financial position*

Key figure 2023/242022/23
Cash EBITDAin EUR mill.1,3641,177
Group equity ratioin %33.836.8
Debt service ratioratio2.02.4
Debt to equity ratioratio0.60.5

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

Key figure 20232022
Reduction of adjusted CO₂e emissions (compared to the base year of 2018)in %-30-21
Proportion of “preferred fibers”in %5955
Proportion of FSC®-certified furniture productsin %8383
Proportion of sustainable catalogue paperin %9490
Proportion of sustainable packagingin %9478

* For a definition of these financial indicators, please refer to the Group management report in the 2023/24 Annual Report.

** The CR strategy covers all Group companies that make a sizable 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 part in the 2023/24 Annual Report.

On this website Otto Group partly uses cookies which, based on the usage behavior, allow certain functions, such as an analysis of the use of the website.