Lidl is the largest domestic retail chain based on revenue and profit

By: Trademagazin Date: 2022. 08. 16. 16:50

The dynamic revenue growth of German discount chains continued last year on the Hungarian market, but almost all major players were able to increase their sales – it is clear from the annual reports, which have now been published by all major domestic retail chains. Based on the figures for 2021, Lidl is still the largest domestic retail chain in terms of revenue and profit, but the former market leader Tesco and Auchan also had a significant profit improvement in the closed financial year.

Lidl – this is how the market leader performed

Lidl has been leading the Hungarian market for the second year already, as the domestic retail company with the largest sales revenue. In terms of growth, the German discount chain is also at the forefront with the figures for 2021, its revenue jumped by 12 percent from the level of a year earlier, which greatly outperformed its competitors. Similarly, the company was able to show double-digit growth in terms of results, operating profit increased by 11 percent and profit after tax by 17 percent.

Full article continues here…