Retail and services company Otto Group posted sales up 1.5% to €10.14bn (£9.3bn) on a comparable basis in the year to February 28, 2010.

The German group’s operating profit is expected to be “well above the previous year”, the group said. A key growth driver was its ecommerce business, which operates about 50 websites and managed to increase sales by 22% to €3.63bn (£3.2bn).

Sales in Germany grew 6.8%, while international operations declined 4.9%.