The Dr. Oetker Group is doing well – despite the pandemic and the split. However, the CEO, Albert Christmann, is cautious about the forecast for this year.
Despite the pandemic and the splitting up of the company, the Dr. Oetker Group maintained its sales in the past financial year.
The food and beverage segments with frozen pizzas, baking powder and beer each remained at the level of the previous year, according to the announcement on Tuesday. The “Other interests” area with the beverage delivery service Flaschenpost even grew. The entire group posted sales of 7.4 billion euros (2020: 7.3 billion). In a year-on-year comparison in the first ten months, the company achieved growth of 5.5 percent. The family business traditionally does not comment on profits.
Some parts of the company, such as hotels and the sparkling wine manufacturer Henkell/Freixenet, are only included in the group report until October 31 after the group was split up among the family tribes. In November, the Dr. Oetker Group split into two independent groups of companies after years of dispute between the heirs.
The past financial year was characterized on the one hand by the pandemic with its imponderables and its consequences for the global economy and on the other hand by the division, said the CEO, Albert Christmann. “The fact that, against this background, we were able to increase sales and integrate new companies into the group network fills us all with great satisfaction.”
For this year, Christmann was cautious in his forecast. After the pandemic, the world economy will be burdened by the Ukraine war.
There were losses at the Radeberger Group. Here the company recorded a decline in sales of 1.6 percent. Dr. Oetker with.