Otto Group posts annual turnover growth of 6.7 percent

The international retail and services group Otto said that it continues its growth track, increasing revenues in the past 2017/18 financial year to February 28 to 13.653 billion euros (16.079 billion dollars), an increase of 6.7 percent. The company also increased its EBIT by 11 percent to 405 million euros (477 million dollars). The group’s digitised retail climbed 10.9 percent in online revenues to 7.9 billion euros (9.3 billion dollars).