Aldi’s €700m spent on Irish suppliers in 2016
A new economic report has explored Aldi's investment in Ireland since 1999, including the company spending €700m on Irish suppliers alone during 2016.
Print8 September 2017
A new economic report analysing Aldi’s presence in Ireland has highlighted the conpany’s capital investment of more than €1.2 billion since entering the market in 1999.
The report, An economic impact assessment of Aldi in Ireland, by leading economics consultancy Cebr, concludes that, in 2016, Aldi contributed to the generation of more than €1 billion to Ireland’s GDP through job creation, business spending, tax contributions and capital investment. This figure is set to grow to €1.2 billion annually by 2020.
Cebr’s report charts the rise of Aldi from opening its first two stores in 1999 in Dublin and Cork through to the 129 stores it operates today. It notes that much of Aldi’s investment occurred during the nadir recessionary years of 2009-2013, when Aldi was a particularly vital driver of economic stability across Ireland.
The report also noted Aldi’s average capital investment of €75m, with a peak of €114m in 2013. The company’s overall capital expenditure since 1999 has €1.2bn, while employing more than 3,200 people nationwide. Between 2005 and 2016, employment levels at Aldi grew on average by 15% annually.
Meanwhile, Aldi spent more than €700m with Irish producers, manufacturers and suppliers. More than 50% of sales come from products sourced from Irish based suppliers, including many of Aldi’s most popular products. These inculde Bord Bia approved fresh meat and poultry, Irish dairy products, snacks, fruit and veg, beers and soft drinks.
“We are proud of the contribution Aldi has made to business, communities and families across Ireland since we opened our first stores 18 years ago,” says Giles Hurley, Aldi Group MD. “The €1.2 billion investment figure reflects both an upfront commitment but also the reinvestment of our profits here in Ireland, creating employment, bringing business to local suppliers and of course bringing high quality groceries to families at low prices.”
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