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credit: Amazon
credit: Amazon

Amazon Europe: retail business only up due to dividends and tax credits

Amazon reports a profit for its retail division in Europe for the first time. The Group was helped by high tax refunds. However, the overall result on the continent has declined.

Amazon EU Sarl, which manages Amazon’s retail business in Germany, the UK, France, Italy, Spain, Poland, Sweden and the Netherlands, achieved net sales of 53.3 billion euros in 2023, an increase of 4.7 percent, reports the German Lebensmittel Zeitung.

This is mainly due to dividend payments from affiliated companies and a tax credit of almost 737 million euros, without which the result would have been minus 2.4 billion euros. In contrast, revenue from the marketplace business rose by around 17 percent to around 27.5 billion euros.

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THE LEVEL OF EXCELLENCE WE SHOULD STRIVE FOR TODAY AND TOMORROW
Originally developed solely to meet the daily needs of consumers, shopping centers quickly became an asset class. The model worked very well for a long time, but as consumer behavior has changed, so have the requirements of tenants, operators and investors. The obvious task to satisfy customers, business partners and stakeholders is: Get your customers to return to your locations. Clear differentiation and positioning as well as a clear focus on people are crucial.
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