The e-commerce specialist Baur Group was able to pass a symbolic milestone in the 2021/22 financial year. The subsidiary of the Hamburg trading and service group Otto Group had “for the first time in its almost hundred-year company history exceeded the billion mark”, the company said on Wednesday.
Specifically, external sales in the fiscal year that ended in February reached a level of EUR 1.001 billion. On an adjusted basis, it was eight percent above the previous year’s level. According to the company, the operating result was also increased to a new high. “The key growth driver of the group was once again the online shop baur.de. In addition, the expanding service business made important contributions to the profitable growth of the group of companies.
Stefan Elsner, CEO, was correspondingly satisfied: “Thanks to excellent operational control and our effective crisis management, the Baur Group has mastered the challenges very well in the second Corona year,” he explained in a statement. “Once again, we have combined responsible action and health protection with economic success in our various businesses.”