Dr. August Oetker KG - Annual Report 2018
The Oetker Group is one of Germany’s major family businesses. A broad diversification in four fields of business characterizes the internationally active group of companies, which is represented with production, sales and service centers in more than 50 countries world-wide. In the consolidated financial statements as of December 31, 2018, a total of 394 companies (previous year: 327) are accounted for in accordance with the rules of full consolidation, of which 190 are in Germany (previous year: 191) and 204 abroad (previous year: 136). The head office is located in Bielefeld (Germany).
The group of companies is committed to risk balancing and consists of the following four consolidated divisions:
• Beer and Nonalcoholic Beverages
• Sparkling Wine, Wine and Spirits
• Other Interests
In addition to the above-mentioned divisions, which are fully consolidated, Bankhaus Lampe and its subsidiaries form the Bank Division, which is included in the consolidated financial statements using the equity method.
As the group holding company, Dr. August Oetker KG centralizes the corporate processes and sets the management framework with clear competencies, coordinates finances and personnel and manages central service departments. Standards and values across the group form the cultural framework for effective cooperation that builds on high business continuity. Under the group umbrella and building on the strategic potential and core competencies of the Oetker Group, the divisions are developed and expanded autonomously.
(Source: Dr. August Oetker KG)