Aldi’s income increased, but it ended the year at a loss
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.
Related news
Aldi pledges to donate one million meals over summer
Aldi is doubling down on its charity initiatives by pledging…
Read more >Aldi Ireland Announces €5m Investment In Green Energy Solutions
Aldi Ireland has announced a €5 million investment in green,…
Read more >New Product Launches In Spain Hit New Low, Study Finds
Innovation in Spain’s FMCG sector is at a record low,…
Read more >Related news
Digital era change at Rossmann – the drugstore installs 30 more digital signage devices
Rossmann Hungary has reached another milestone in its digital developments:…
Read more >New paintings on Mizo Art Coffee packaging
Mizo Coffee Selection is reinterpreting the coffee experience again this…
Read more >Andrea Istenesné Solti, Chairwoman of the Board of Directors of Shell Hungary, resigns from her position
Shell Hungary zRt. announces that Andrea Istenesné Solti, the company’s…
Read more >