retail

Serbia’s Supermarket Sector Faces Profitability Pressure as Lidl Outperforms Rivals

Serbia’s leading supermarket chains are reporting sharply different financial results, with Delhaize Serbia and Univerexport recording steep net profit declines while Lidl Serbia achieved revenue growth and significantly higher earnings. Delhaize generated approximately €1.45 billion in operating revenue, but net profit fell 85.9% to around €8.5 million. Univerexport increased revenue by 6.7% to approximately €375 million, while net profit dropped 89.1% to around €8.5 million. By comparison, Lidl increased revenue by 14.4% to approximately €1.07 billion and reported net profit…