US EditionOtto Thrives Thanks To 24% Increase In Marketplace Sales
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5 Articles
Otto Thrives Thanks To 24% Increase In Marketplace Sales
Otto has grown faster than the ecommerce market in Germany over the past fiscal year, largely thanks to its popular marketplace. “The strong growth over the last 12 months gives us the utmost confidence that we are turning a corner after two challenging years”, says CEO Marc Opelt. Otto’s gross merchandise value (GMV) grew by 9 percent in its fiscal year, while revenue increased by 5 percent. Germany’s largest ecommerce company compares these fi…
Otto thrives thanks to 24% increase in marketplace sales
Otto has grown faster than the ecommerce market in Germany over the past fiscal year, largely thanks to its popular marketplace. “The strong growth over the last 12 months gives us the utmost confidence that we are turning a corner after two challenging years”, says CEO Marc Opelt.
Otto defies the market trend: While many companies are struggling with stagnant growth, Otto reports impressive figures. Especially the marketplace business and advertising revenues make a significant leap in sales.read more on t3n.de
E-commerce: The provider was able to reduce its share of air freight to less than two percent in the past financial year.
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