Lidl And Kaufland Owner Schwarz Group Reports €154bn In Sales
The Schwarz Group, which operates the Lidl and Kaufland chains, has reported sales of €154.1 billion in its 2022 financial year, an increase of 15.4% year on year.
The German group said that it was growing ‘at a stable level’ despite inflation and higher interest rates, offsetting increased costs of raw materials, energy and merchandise with ‘efficient process management’.
Lidl And Kaufland
Lidl reported sales of €114.8 billion last year, a 13.8% increase year-on-year. Online sales at the discounter stood at €1.9 billion, a 8.5% increase on the previous period.
Elsewhere, Kaufland, reported €31.8 billion in sales last year, an increase of 16.1%, which was boosted by the integration of former Real stores.
As of the end of the financial year, Schwarz Group operated a total of 13,700 outlets, a 400 increase on the previous year.
Other Divisions
Its environmental division, PreZero, reported sales of €1.8 billion last year, a 84.7% increase on the previous year due to acquisitions made during the period.
In addition, the manufacturing companies within Schwarz Group delivered goods worth around €3.4 billion to Lidl and Kaufland at internal transfer prices, a 29.7% increase on the previous year.
This includes the sale of goods from a pasta factory acquired in October 2022, as well as a newly-built coffee factory.
Some €8 billion was invested by the group in both strategic projects and digitalisation last year, with activities primarily focusing on supply chain enhancement, branch expansion and modernisation, the company added.
Related news
Lidl GB To Remove Design Elements Targeted At Kids From Own-Brand Products
Lidl GB has pledged to phase out all packaging designs…
Read more >Kaufland Poland in Need of Transformation
Kaufland Poland has become the problem child of Kaufland’s international…
Read more >Lidl set to open first ever in-store pub after legal victory
Lidl is set to open its first ever in-store pub…
Read more >Related news
FAO: World food commodity market index decreased in January
The Food and Agriculture Organization of the United Nations (FAO)…
Read more >The future of the food industry is in the hands of young people
Food safety and quality are of paramount importance not only…
Read more >Bonduelle also helped with canned vegetables and sweets
The charitable cooperation between Bonduelle Central Europe Kft. and the…
Read more >