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Germany: FY2019 Results Schwarz Group

The Schwarz Group (owner of discount retail chain Lidl) continued on its growth path in the 2019 financial year. Group-wide sales were EUR 113.3 billion net. This is an increase of 8.6 percent compared to the previous year.

Discounter Lidl increased its sales to EUR 89 billion and grew by 9.5 percent. Sales at Supermarket Chain Kaufland climbed 4.5 percent to EUR 23.7 billion. The rest EUR 0.6 billion are realised by its recycling company PreZero and Schwarz Produktion.

The two retail divisions are active in 33 countries with over 12,500 stores. According to its own statements, Kaufland has 1,300 stores, Lidl now has 11,200 this are 400 more than a year ago. Kaufland surprisingly withdrew from the 34th country, Australia, in February.

458,000 people currently work in the group.

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