Schwarz Group has reported a strong sales growth of 7% year to €79.3 bn in the financial year 2014.
Lidl reports strong revenue growth
Schwarz Group has reported a strong net sales growth of 7% year to €79.3 bn in the financial year 2014. Lidl’s revenue grew by 9% to €59 bn year on year, while Kaufland’s revenue accounted for €20.3 bn, up 2.8%. Lidl operated around 9,800 stores out of which 3,200 are in Germany. Kaufland operated 1,190 stores, including 640 stores in Germany. Lidl spent around €5 bn on revamping of its old stores, construction of new stores as well as logistics facilities. Indeed, renovation of its stores including expansion of fresh product ranges boosted its revenues.
Lidl's CAGR revenue 2014-2017 around 6%
We forecast that Lidl's reveneue will grow around 6% annually between 2014 and 2017, generating revenues of €71 bn by 2017 (excluding new market entries). For more insight to Lidl's strategy, please have a look at our latest reports.
How is the retailer transforming from a discounter to a mainstream value-focused supermarket in Lidl's five strategic priorities for growth report.
How is Lidl competing with its rivals like Biedronka? Find out in New growth strategies in Poland report.