Aldi Announces Record Sales
– Group sales increase to £6.893bn¹ (2013: £5.272bn) as footprint expands at its fastest rate
– Record investment of £438m (2013: £274.3m) in stores and distribution centres
– Net assets increase to £1.955bn (2013: £1.825bn), supporting continued, long-term investment
– Operating profit falls marginally to £260.3m (2013: £271.4m) following increased investment in prices and people
– New eCommerce website to launch in 2016 selling Aldi’s award-winning wines followed by non-food Specialbuys later in the year
– Group on track to open 65 stores in 2015, up from 54 in 2014
Aldi, the UK’s fastest-growing grocery retailer, has announced record sales of £6.893bn (2013: £5.272bn) in its last financial year – an increase of 31 per cent and the equivalent of £31m in extra sales revenue every week during 2014.
During the same period, Aldi said it had invested a total of £878m in its UK expansion, following unprecedented capital expenditure of £438m in 2014 in new stores and regional distribution centres.
Alongside record sales, the business also confirmed plans to launch an eCommerce operation early next year in a move that will bring the fastest-growing grocery brand to thousands more consumers.
It said the move formed part of its long-term growth and investment strategy in the UK.
Aldi has also continued to expand its range in store to drive new customers and frequency of visits, introducing 150 premium and Specially Selected lines such as deli items, fresh produce, meat, herbs and the award-winning Exquisite Collection of Wines. Over 1,000 bottles of wine from the Exquisite Collection are sold per hour, with year-on-year sales up 40 per cent.
Matthew Barnes, CEO of Aldi UK & Ireland, said: “Our focus on offering the best-quality products and range at unbeatable, straightforward prices is bringing more and more shoppers through our doors, helping us to achieve consistent market-leading growth in sales.
“As the grocery market continues to evolve, our unique model, operational efficiency, private ownership and financial strength mean we’re able to keep investing in our business – from people and presence to products and prices.”
Mr Barnes added: “As well as driving down prices for shoppers, our growth and investment is having a lasting and positive effect on the UK economy, with more local jobs and more British-made products across our stores. We’re also determined to ensure our success is shared along the supply chain, with fair terms and predictable pricing to create better conditions for growers and producers.”
Last year, the business created 7,000 new jobs and has paid £57.9m of tax for the same period.
Commenting on the future, Mr Barnes said: “The past 25 years has been an incredible journey for Aldi in the UK. During that time, the grocery market has changed beyond recognition – and changed for the better. At present, there are still 47 per cent of households that don’t shop with us. We’re hugely excited about the enormous scope for growth over the next 25 years.”