The German discount chain Lidl is planning to expand the store network of its Hungarian subsidiary from the current 210 to 250 locations. Lidl already has stores in all counties and cities in Hungary.
The stores are currently supplied via four logistics centers. A fifth center is being built in Kiskunfélegyháza with an investment of HUF 50 billion (approx. EUR 120 million). The opening is planned for 2026. With around 9,500 employees, Lidl is the ninth largest employer in Hungary. A survey of 4,000 households conducted by market research company GfK revealed a market share of 20.8% as of September.
Lidl’s exports of products from Hungarian suppliers abroad rose from EUR 25 million in 2016 to EUR 340 million last year. In the last five years, Lidl’s gross value added exceeded HUF 1,200 billion (EUR 2.8 billion). The number of Lidl suppliers in Hungary has increased by three quarters in ten years to 485, covering around 60% of the chain’s product range.
Net sales of Lidl Hungary Bt. for the financial year ending February 2024 amounted to HUF 1,159.2 billion (EUR 2.8 billion), compared to HUF 973.5 billion (EUR 2.3 billion) in the previous year. The company closed the financial year with a profit of HUF 26.8 billion (EUR 64.7 million) (2022/23: HUF 25.3 billion (EUR 61 million)).