Otto Group increases comparable revenues by 3.5 percent

In the 2018/19 financial year, according to preliminary forecasts the Otto Group’s revenues on a comparable basis increased by 3.5 percent to reach around 13.5 billion euros (15.1 billion dollars), while the company said, internationally active retail and services group was not able to repeat the outstanding results of the previous financial year but has reconfirmed its objective of achieving a revenue figure of 17 billion euros on a comparable basis by 2022. The unusually long, hot summer in Europe also took its toll on the Otto Group’s textiles and furniture revenue figures.