Tuesday 23 November 2021

A major first: Aldi Reveals Its Sales And Profits In Ireland For The First Time

The discounter, which has a 12.7% share of the country’s grocery market, usually wraps its Irish figures into accounts filed for its UK business. However, in an extensive interview with The Irish Times, the Managing Director of Aldi Ireland, Niall O’Connor, revealed for the first time its local revenues and profits.

Aldi Ireland’s pre-tax profit margin was 3.6% last year, compared to 2.1% for Aldi UK.

NamNews Implications:
  • A breakthrough NamNews item…a precedent for all.
  • Astonishing that Aldi have lifted the lid…
  • Hopefully this means other retailers will follow?
  • (Especially given the paragraph above on Financial sunlight…
  • …meaning retailers with UK registered HQs have to divulge Irish profits).
  • If Tesco and M&S go it will be difficult for the others not to…
#RetailMarginsIreland #EUDisclosureRules

Niall O’Connor, Group Managing Director at Aldi Ireland. Photograph: Alan Betson

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