Dr. August Oetker Nahrungsmittel KG is expanding its international executive board. Carl Oetker will join the Board and assume responsibility for the Purchasing Department starting from August 15.
Dr. Oetker
Despite the tense geopolitical situation and associated market disruptions, the Oetker Group managed to increase its sales organically by 6.3% to over EUR 6.9 billion in 2023. The group is forecasting moderate growth for the current financial year.
Dr. Oetker’s food companies (including Conditorei Coppenrath & Wiese) increased their total sales by 6.9%, to EUR 4.2 billion in the 2023 financial year.
On March 17, Dr. h. c. August Oetker, former Chairman of the Advisory Board and shareholder of Dr. August Oetker KG, will celebrate his 80th birthday. As a General Partner, he led the Oetker Group with his colleagues on the Group Management Board for over 30 years – from 1981 to the end of 2009 – and also served as Chairman of the Management Board of Dr. Oetker GmbH.
Peter Schmidt, a member of Conditorei Coppenrath & Wiese’s management board responsible for Marketing & Sales, Finance & Administration and Product Development (R&D) since December 1, 2015, will retire on March 1, 2024.
Dr. Oetker launched THE BIG DOUGHNATION, a four-week campaign to benefit Food Banks Canada and those facing the challenge of food insecurity – and is encouraging Canadians to help reach a CAD 150,000 target.
The Oetker Group announced it achieved “decent results” in FY 2022 and is “cautiously optimistic” about the current financial year. The Food, Beer and Non-Alcoholic Beverages and Other Interests business divisions achieved consolidated net sales of EUR 6,508 million, an increase of 11.6% compared to the previous year.
Dr. Oetker reports EUR 4 billion in sales for the 2022 financial year, an adjusted sales growth of 5.7%. In that time, investments amounted to around EUR 125 million. Around 65% of the total sales are outside of Germany.
Dr. Oetker announced the acquisition of Galileo Lebensmittel KG, a Trierweiler-based company specializing in frozen pizza snacks. The transaction, signed on March 23, is subject to regulatory approval.
Dr. Oetker companies achieved sales of around EUR 3.7 billion in the 2021 financial year, on par with the 2020 results, despite market disruptions caused by the global pandemic. The company achieved around 66% of its total sales outside of Germany.
