Aldi is still losing millions in Denmark

Photo: Deans Pictures/Dreamstime
Aldi has not made a profit in Denmark since 2009, but has over the past few years worked on a turnaround, among other things through modernization and construction of new stores. Photo:Deans Pictures/Dreamstime
By Reidar Molthe

2 July 2020 08:44

Aldi is still losing millions in Denmark

The discount chain got new capital injection of DKK 370 million in April but is still losing big money.

In 2019 the result in the Danish company was a minus of DKK 512 million. Over the past nine financial years Aldi has suffered a total loss of DKK 2.4 billion, according to, a business magazine.

Finn Tang, CEO of Aldi Denmark, tells the newspaper that the result is certainly not satisfactory, but must be seen considering the large investments that have been made to prepare the company for the future. however, the black numbers do not wait just around the corner.

"Previously, holes were closed but Aldi did not invest in the future. However, we have started investing in the future in 2018 and seriously in 2019. It is a long and cool move and we do not expect to earn money very soon," he says.

The 2020 accounts should be better than last year as we capitalize on investments, but we will have a few years ahead with continued deficits in the long-term plan to reverse the negative trend, says the Aldi top.

1,5 billion invested

Aldi Denmark has received almost DKK 1.5 billion in support from its German owner, Aldi Nord, within the last nine years. The last injection so far was in April 2020, when the chain received DKK 370 million in new and fresh money.

"We have been in Denmark for 43 years, but we just must admit that for many years Aldi has not really modernized very much. So, Aldi Denmark is still a big discount chain that just suddenly must be turned around a bit and made much more modern. It takes a long time and it costs a lot of money," says communications manager at Aldi Denmark, Kristian Jessen.

Sources: RetailNews,, Aldi.

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