ADVERTISEMENT

Lidl Magyarország exports more Hungarian vegetables and fruit

Telco

Lidl Magyarország, the Hungarian subsidiary of the German discount chain, exported 22,500 tons of fresh fruit and vegetable worth HUF 3.5 bln in H1 this year, the company informed Hungarian news agency MTI.

Calculated in forint terms, exports rose by 75% year-on-year.

The majority of the exported goods went to Germany, Romania and Slovakia. Green pepper, apricot, fresh mushroom and water melon were bestsellers. Lidl Magyarország exported 11,000 tons of watermelon in H1, 38% more than last year over the same period.

The company expects to export 6,000 tons of fast-frozen vegetables at HUF 2bln this year, more than the 4,200 delivered last year and than the 5,300 tons sold annually on the domestic market. Frozen vegetables come from Hungarian suppliers. 

Lidl Magyarorszag started business in Hungary in 2004. It currently has 159 stores, three logistics centres and a 3,500 staff.

The Hungarian unit had net sales of HUF 227.8 bln last year, up HUF 28 bln. Its net profit was HUF 2.2 bln in 2013, against losses of HUF 7.7bn in 2012.

ADVERTISEMENT

Fiscal, monetary policy partnership needed to rein in CPI - ... Analysis

Fiscal, monetary policy partnership needed to rein in CPI - ...

Parl't votes to phase out savings coops integration framewor... Parliament

Parl't votes to phase out savings coops integration framewor...

Roche Szolgáltató appoints P&C business partner lead Appointments

Roche Szolgáltató appoints P&C business partner lead

FAO–Food Bank convoy delivers food to those in need City

FAO–Food Bank convoy delivers food to those in need

SUPPORT THE BUDAPEST BUSINESS JOURNAL

Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.