Lidl Hungary: Significant revenue and profit growth in the 2023 financial year
Lidl Magyarország Bt. achieved significant growth in the fiscal year between March 1, 2023 and February 29, 2024, as confirmed by the company’s report published on Wednesday. The company’s net income increased to HUF 1,159.2 billion, which represents a 19% increase compared to the previous year. This increase is in line with the increase in the purchase value of the goods sold, which amounted to HUF 854.3 billion. This suggests that Lidl did not pass on the supplier price increases to customers to a greater extent.
Personal expenses also increased significantly, by 25.3%, reaching HUF 71.8 billion. The average number of employees was 7,292, which means a slight decrease compared to last year’s number of 7,361.
The list of taxes amounted to HUF 60.7 billion, which includes the special retail tax. This amount exceeded the previous year’s value by HUF 10 billion. The report emphasizes that “the retail tax paid in the current year was considered an expenditure of exceptional size and occurrence.”
Despite this, Lidl Hungary closed the financial year with a profit of HUF 26.8 billion, which represents a 6% increase compared to the previous year. This result reflects the company’s successful operation and growth strategy in a challenging market environment.
Visszajelzés küldése
Oldalsó panelek
Előzmények
Mentve
Related news
Lidl is stepping in again: reducing the prices of more than 150 household and beauty products
Lidl Hungary is reducing and permanently keeping prices low. This…
Read more >Lidl has become a “Trusted Employer” again
Lidl Hungary has won the “Reliable Employer” award from the…
Read more >Lidl Announces Largest Price Reduction in Its History as Competitors Follow Suit
Lidl has unveiled the biggest price reduction in its corporate…
Read more >Related news
Bad times after good ones?
K&H’s large company growth index – which analyses the economic…
Read more >The number of purchases made using smart devices has increased one and a half times in a year
Digital payments continue to make inroads, according to K&H’s own…
Read more >Food Price Margin Reduction Extended Until the End of August
István Nagy, Hungary’s Minister of Agriculture, announced on his official…
Read more >