Lidl sourced €539m of Irish produce in 2015, report says
Published 15/04/2016 | 02:30
German retailer Lidl sourced €539m worth of Irish food and drink last year, according to a report prepared for the chain by DKM Economic Consultants.
Lidl, which entered the Irish market in 2000, now has 147 stores here and has invested €1.4bn in the market. It has earmarked €110m in capital spending for its Irish operations this year.
Lidl has an 8.5pc share of Ireland's multi-billion euro grocery business, according to figures out this week from Kantar Worldpanel.
It's just ahead of rival Aldi, with 8.4pc. SuperValu is the biggest grocery retailer in Ireland, with a 24.9pc share. The rise in the value of sales at Lidl in the 12 weeks to March 27 was 9.5pc, outstripping every other grocery retailer here.
DKM estimated that the Exchequer has gained revenues of €413m from Lidl's capital investment programme in the economy since 2000, in addition to revenues derived from its ongoing operations
"Lidl's investment is spread widely around the country while the company's focus on providing a real value proposition has also helped keep costs down, contributing to improved competitiveness," according to DKM director John Lawlor.
The €539m Lidl spent on sourcing Irish goods was paid to a total of 180 Irish food suppliers. Of the amount, €152m worth of the goods were bought by Lidl for sale in its overseas network. Lidl employs 4,000 people in Ireland.
Lidl's current annual contribution to Irish GDP from its ongoing operations is €685m and its contribution to tax revenue now exceeds €300m annually, (excluding commercial rates), according to DKM.