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Lidl Czech Republic - Indebtedness

Economy | Czechia | March 3, 2014
$2.99
Excel Sheet

Since its entrance to the Czech Republic in 2003, Lidl has increased its sales more than 6-fold to over CZK 23 bil in 2011. From heavy losses exceeding CZK billion in 2003-2004, the Company has achieved a net profit of nearly 1.2 bil with ROE of 12.5% in 2011. As a result, Company's net dropped from 150% of equity to only 57% at the end of 2011