Aldi Ireland plans 30 new stores with increased profits

Aldi Ireland said its profit before tax came to €71.2 million in 2020, up 46% from the previous year’s figure, while its sales for the year grew by 14% to €2 billion from €1.74 billion in 2019.

Aldi Ireland also said it will invest 320 million euros from 2022 to 2024 as it plans to open 30 new stores across the country. It already has 149 stores nationwide.

This is the first time that the German-owned retailer has announced the financial results of its operations in Ireland.

It said it plans to increase its investment in Ireland by more than 75% over the next three years compared to 2019-2021.

New Aldi stores in Cahersiveen in Co Kerry, Ballina in Co Mayo, Clonakilty in Co Cork, Castlecomer in Co Kilkenny, Ardee in Co Louth, and Athenry and Tuam in Co Galway are set to open next year.

Aldi accounted for 11.2% of the Irish grocery market at the end of 2020, according to Kantar figures. Its market share growth continued until 2021 where the company’s market share is now 12.7%.

Aldi Ireland added 484 people to its workforce in 2020, increasing its team to 4,460.

The retailer said it paid 149 million euros in wages and salaries in 2020, up 14% from 2019.

Aldi Ireland also said today that its total tax expenditures for 2020 amounted to €10.9 million and it paid an effective corporate tax rate of 15.4% in 2020.

Niall O’Connor, group managing director at Aldi Ireland, said its latest investment builds on the 1.6 billion euros it has already invested in Ireland and is a clear sign of its ambition, and the demand that exists for Aldi in more locations around the world. Ireland.

« It’s also great news for Irish food and drink producers, who will have more opportunities to trade with Aldi. We will be spending over €1 billion with Irish producers this year, nearly 20% more than in 2020, » O’Connor said. .