Aldi’s income increased, but it ended the year at a loss

By: Trademagazin Date: 2024. 05. 31. 11:25

In 2023, Aldi Magyarország Bt. faced the challenges, despite which it achieved a significant increase in revenue, yet closed a loss year. Last year, the company’s revenue increased to HUF 490.2 billion from HUF 417.1 billion in the previous year, which means an increase of 17.5 percent, so it essentially kept pace with the 17.6 percent inflation rate.

However, Aldi’s costs grew even faster. The amount of material expenditures rose to HUF 424.1 billion, which is 19.4 percent more than the previous year, and within this, the cost of goods sold (CVS) amounted to HUF 361.9 billion. It follows that the revenue-PROFIT ratio worsened: in 2022 it was 72.1 percent, while in 2023 it increased to 73.8 percent, which indicates that the supplier price increases were not fully passed on to the customers.

The wage costs of manual workers rose by 26.1 percent, while those of white-collar workers rose by 26.5 percent, which amounted to a total of HUF 40.9 billion. The operating result fell dramatically, from 27 million forints to -13.4 billion forints. Although the financial operations ended with a positive result, this was not enough to offset the loss, so the company ended the year with a HUF 9.5 billion loss.