Dr Oetker 'satisfied' with 2013 FY sales increase

Dr Oetker, the German producer of frozen foods and baking products, this week presented a mixed set…

Dr Oetker, the German producer of frozen foods and baking products, this week presented a mixed set of results for the 2013 financial year.

Sales increased 2.3% to €2.13 billion in what the company called a "subdued" trading environment. Breaking that revenue down, domestic sales grew 2.4% to €706 million while overseas sales grew 2.2% to €1.4 billion.

This was due to both an increase in sales volumes and pricing.

CEO Richard Oetker said that he was "satisfied" with the yearly figures, while noting that the company is eying growth opportunities in overseas markets.

The Dr Oetker brand is part of the larger Oetker Group, which also owns shipping company Hamburg Süd, German beer market leader Radeberber and the luxury hotel Bankhaus Lampe.

The Oetker Group's founding family has featured extensively in the German media in recent years because of the rift that emerged after the appointment of Richard Oetker as CEO, with some siblings reportedly upset at the decision.