Otto Group improved its operating earnings before amortizations by 204 percent to €667 million in the financial year ended last Feb. 8, resulting in an Ebitda margin of 5.8 percent. Total revenues increased by 12.6 percent to €11.4 billion, with growth in all its three division. Financial services reached the highest growth. As previously reported, its sporting goods retail chain, SportScheck, raised its own revenues by 18.3 percent. More about Otto's entry into the Brazilian market in the article on Grupo SBF and its Centauro chain in this issue.

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