New accounts from Aldi Stores Ltd show that revenues for its Irish and UK operations rose from £6.89bn to £7.7bn in 2015, according to the Irish Independent.
The discount retailer, which does not disclose its sales or profits in Ireland, recorded its employment figures rose by 4,000 to 27,963, and staff costs grew to £596.68m, from £507.5m. It also posted a 1.8% drop in operation profits in Ireland and the UK, from £260.38m to £255.58m.
The figures also show that £43.37m from interest charges reduced the retailer’s profits to £212m.
The retailer is determined to continue expanding its market share in Ireland and the UK, with Aldi having invested £536m in the acquisition of properties and the opening of 76 new stores in Ireland the UK last year. In 2014, it opened 54 new stores and invested £438m.
According to the director’s report, “during the year, the group continued to make significant investment in expanding its business, opening new stores and extending and refurbishing a number of existing stores and preparing for further growth in the future”.
Shareholder funds hit £2bn last year, including accumulated profits of £884m. Aldi’s cash declined from £356m to £161m.
All figures are courtesy of the Irish Independent.
© 2016 - Checkout Magazine by Donncha Mac Cóil
