Corporate
Otto Group was established in 1949 by Werner Otto as a mail order business selling shoes. This was the period of German reconstruction in the aftermath of World War II when the country was preparing the springboard for the period of high growth that was known as its ‘economic miracle’.Otto Group today has grown into one of the top global trading and services companies and is second only to Amazon.com in online sales, worldwide. The Otto Group comprises about 123 companies spread in 19 countries offering its services in a wide spectrum of trading and services.
Otto Group is a Fortune 500 company.
Activities
Otto Group’s businesses are covered in 4 main areas:Multichannel Retail – With an employee strength of over 41,000 and revenues comprising nearly 2/3 of the group’s consolidated revenue in fiscal 2005/6, it is undoubtedly the flagship business of Otto Group. This business segment of the group also has the largest global presence whereby it sells its products through 3 channels, viz., catalogue, e-commerce and retail stores.
Financial Services – This business segment has an employee strength of over 5400 and revenues of €1,184 million in fiscal 2005/6 million in fiscal 2005/6
Wholesale - This business segment has an employee strength of over 2,400 and revenues of €3,752 in fiscal 2005/6
Performance
In fiscal 2005/6 Otto Group’s revenues were € 14,570 million which was approximately 1 % more than what it was in the fiscal before.Otto Group’s net income in fiscal 2005/6 was € 296 million which was approximately 3.4 % more than what it was in the fiscal before.
Net Income over the last 2 fiscals (In million €)
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The total value of the assets held by Otto Group in fiscal 2005/6 was €12,603 million which was 7.2 % more than what it was in the fiscal before.
Total value of assets over the last 2 fiscals (In million €) 
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Organization
Otto Group is headed by Mr. M. Otto who is the Chairman of the Executive Board and Chief Executive Officer of the company.Otto Group employs over 55,000 people worldwide.
Corporate office
Wandsbeker Strasse,22172, Hamburg,
Germany
Tel: +49 (0) 40 64 61-401
Fax: +49 (0) 40 64 61-449
Website: www.ottogroup.com
