Bonprix was the highest earning Otto Group subsidiary in the 2022/23 financial year, generating 1.738 billion euros worth of revenue.
Revenues and profit of the Otto Group
The Otto Group has generated a profit in each year since 2006/07, with the exception of 2014/15, 2015/16, and 2022/23. Financial year 2021/22 was the most profitable in recent times, with the company generating a 1.8 billion profit, on the back of 16 billion euros in revenue.Earnings before interest and taxes amounted to just 22 million euros in 2022/23, a big decrease compared to the previous year at 677.
Global e-commerce revenue
E-commerce can no longer be considered a new or novel concept. However, the major players are still finding new markets to explore and increasing revenues as a result. In 2023, Amazon generated over 33 billion U.S. dollars in Germany alone. Worldwide, however, this figure was almost 514 billion U.S. dollars. By 2026, the global e-commerce market is estimated to be worth around 9.6 trillion U.S. dollars, this rapid growth is something most companies cannot afford to miss out on.
Revenue of Otto Group selected subsidiaries from 2015 to 2022/23
(in million euros)
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Otto. (May 22, 2023). Revenue of Otto Group selected subsidiaries from 2015 to 2022/23 (in million euros) [Graph]. In Statista. Retrieved October 30, 2024, from https://www.statista.com/statistics/272759/revenue-of-otto-group-subsidiaries/
Otto. "Revenue of Otto Group selected subsidiaries from 2015 to 2022/23 (in million euros)." Chart. May 22, 2023. Statista. Accessed October 30, 2024. https://www.statista.com/statistics/272759/revenue-of-otto-group-subsidiaries/
Otto. (2023). Revenue of Otto Group selected subsidiaries from 2015 to 2022/23 (in million euros). Statista. Statista Inc.. Accessed: October 30, 2024. https://www.statista.com/statistics/272759/revenue-of-otto-group-subsidiaries/
Otto. "Revenue of Otto Group Selected Subsidiaries from 2015 to 2022/23 (in Million Euros)." Statista, Statista Inc., 22 May 2023, https://www.statista.com/statistics/272759/revenue-of-otto-group-subsidiaries/
Otto, Revenue of Otto Group selected subsidiaries from 2015 to 2022/23 (in million euros) Statista, https://www.statista.com/statistics/272759/revenue-of-otto-group-subsidiaries/ (last visited October 30, 2024)
Revenue of Otto Group selected subsidiaries from 2015 to 2022/23 (in million euros) [Graph], Otto, May 22, 2023. [Online]. Available: https://www.statista.com/statistics/272759/revenue-of-otto-group-subsidiaries/