Aldi Posts Revenue Growth In Ireland And The UK
Aldi has posted revenue growth in Ireland and the UK, as its pre-tax profits increased marginally to £214 million (€244 million) last year.
The new accounts from Aldi Stores Ltd show that combined revenues for the two countries increased from £7.7 billion to £8.7 billion, reports Irish Independent.
According to the latest figures from Kantar Worldpanel, Aldi experienced an increase in sales year on year, up by 3.3% and increased its market share to 11.6% (+0.1%) in Ireland.
In this period, Aldi's UK sales grew by 13.4%, and the German retailer increased its market share to 6.8%.
In the retailers directors' report, it outlined that during the year, the group continued to make 'significant investment in expanding its business, opening new stores and extending and refurbishing a number of existing stores and preparing for further growth in the future'.
In order to secure 'even greater' market share in Ireland and the UK, Aldi last year reportedly invested £536 milliuon in the acquisition of properties to increase the of stores.
This resulted in the opening of a further 74 new stores in Ireland and the UK last year.
© 2017 - Checkout Magazine by Donna Ahern