Otto expects global sales of just under 10.8 billion euros in the ending 2023/24 financial year (until the end of February), around 9 percent less than in the previous year. “The buying mood was low and continues to be low.
And that is certainly not least due to the still high inflation,” said CEO Sebastian Klauke on Tuesday in Hamburg. Otto expects sales of around 6.6 billion euros for the German market in the current financial year and 4.2 billion euro for foreign markets.