Multichannel retailer Otto Group has revealed preliminary figures for the year to February 28.
Consolidated revenues rose 1.7% to E11.8bn (£9.94bn).
The group’s multichannel retail earnings rose 0.4% to E10.07bn (£8.48bn). Ecommerce revenues increased 7% to E5.7bn (£4.8bn), representing 57% of total retail turnover.
In Germany, online sales were E3.7bn (£3.12bn).
Chairman of the executive board Hans-Otto Schrader said: “In the current financial year, which has started well, we plan targeted and substantial investments in ecommerce activities.”