Online and mail order specialist Otto Group recorded a 2% rise in revenue to E2.1bn (£1.83bn) for the year to February 28, 2013.

While not disclosing figures, the company said that it achieved its highest profit in a decade and that 80% of sales now come from ecommerce.

Otto is restructuring its operations to increase synergies between banners and keep pace with rivals such as Amazon and Zalando.