Germany: Lidl's turnover is US$ 116billion, Kaufland's turnover is US$ 31billion in FY2020

Discount Retail Chain Lidl's (owned by the German Schwarz Group) turnover is EUR 96.3 billion (US$ 115.6Bn), Kaufland's turnover is EUR 25.5 billion (US$ 30.6BN). Good year for the owner of the discounter Lidl and supermarket Kaufland chains.

The German Schwarz Group, which includes the Lidl and Kaufland chains, recorded a good financial year 2020. Its turnover increased by 10 percent. up to EUR 125.3 billion (US$150.4 Bn).

Lidl recorded a 9.9% increase in turnover in the fiscal year 2020 to EUR 96.3 billion (US$115.6Bn). The sister supermarket chain Kaufland also did very well, growing by 7.5%. up to EUR 25.5 billion (US$30.6Bn). The recycling company PreZero recorded a turnover increase of 33.7%. (up to EUR 700 million, US$840Mn). The company is expected to triple next year thanks to the acquisition of part of the Suez group.

In the company's press release, the Schwarz Group expressly thanks its "highly motivated" 500,000 employees for their work.

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