Aldi profits rocket 65% amidst supermarket price war

The German discounter has reported record UK turnover and a 65.2% boost in pre-tax profits.

by Jack Torrance
Last Updated: 13 Feb 2015

The woes of Britain’s "big four" supermarket chains continue today as budget rival Aldi revealed a stellar set of annual results. Turnover in its UK & Ireland group grew by 35.7% in 2013 to £5.3bn, while pre-tax profits jumped 65.2% to £260.9m.
 
The success of Aldi and its fellow German discounter rival Lidl in the UK has left the 'big four' supermarket chains - Tesco, Asda, Sainsbury’s and Morrisons - scrambling to retain their market share. Aldi’s share grew from 3.1% to 4% in 2013, according to Kantar Worldpanel.
 
Aldi UK’s joint group managing director, Roman Heini, said that the chain works 'efficiently and responsibly to reduce operational costs.'
 
'Rather than use these savings to boost margins, we lower prices at the checkout. Shoppers appreciate this and know that, while they’re paying less at Aldi, they’re getting much more for their money,' he said.

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