With a population of 1.85 million, Hamburg is Germany’s second-largest metropolis with over a million inhabitants, and its port is one of the world’s most important transhipment hubs. The Free and Hanseatic City rightly sees itself as the German gateway to the world. In terms of per capita income, Hamburg is at the top of all German federal states – also because several German market leaders have their headquarters here, for example these three:
The presented companies belong to the largest companies in Hamburg.
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1. Otto (GmbH & Co KG): 15.6 billion euros turnover
As Otto Versand, the Hamburg-based retail and service company Otto grew up in the economic miracle years. With the advent of the internet, the business model shifted from catalogue-based “classic” mail order to online retail. In 2018, the last Otto main catalogue made of paper was published. Today, Otto operates over 100 online shops and generates around three quarters of its revenues in this area. When it comes to consumer-facing e-commerce, Otto is undisputedly the largest German company and is considered the largest online retailer for fashion and lifestyle in Europe. The Otto Group includes the mail order and online retailers Baur Versand, Bonprix, Heine, Quelle, Schwab, the parcel service provider Hermes and the Hanseatic Bank. Otto employs almost 50,000 people and is one of Germany’s largest family-owned companies.
2. Marquard & Bahls Aktiengesellschaft: 9.2 billion euros turnover
Marquard & Bahls is a company founded in 1913 that is now active in tank storage logistics, trading and aircraft fuelling. Originally, they traded in grain and lubricants. With the takeover by the entrepreneur Theodor Weisser in 1947, the business model was changed. The group employs over 4,600 people and is represented in 33 countries. Its business activities are divided into three divisions: Mabanaft (petroleum products wholesale and fuels end-user business), Oiltanking (tank storage for petroleum products, chemicals and gases) and Skytanking (aircraft fuelling services). The company’s headquarters are located in Hamburg’s Hafencity directly on Brooktorhafen harbor.
3. Airbus Operations GmbH: 13.9 billion euros turnover
Hamburg is Germany’s largest location for aircraft production. Airbus Operations GmbH plays a major role in this. It is responsible for Airbus’ development and production sites in Germany. Airbus Operations is part of the Airbus Commercial Aircraft Division within Airbus Group. Airbus Operations Germany has around 19,000 employees. The Airbus plant in Hamburg-Finkenwerder is the largest Airbus site in Germany. Hamburg-Bostel is also home to the Airbus Material Support Center (MSC), the Group’s central spare parts logistics facility. Final production for various Airbus types takes place at the Finkenwerder plant. Various sections were also manufactured for the A380. Production of this aircraft will cease in 2021.
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