Germany's Schwarz Gruppe, the owner of discount retailers Lidl and Kaufland, is aiming to reach over €100 billion in sales this year.
The discount operator added that it plans to keep on investing, in order to maintain the growth trajectory it has seen in recent years.
Lidl and rival discount supermarket chain Aldi have been ploughing ahead with investment in other countries, especially in Britain, where they have been taking market share from the traditional players there.
