Finance
2015 was a turbulent year for the Swiss economy. Nevertheless, sales of the Migros Group increased by CHF 31.9 million (+0.1%) to CHF 27.4 billion.
Figures 2015
Mgru-S01-T06
| In million CHF except where indicated |
2011 | 2012 | 2013 | 2014 1 | 2015 | Change compared to previous year |
|---|---|---|---|---|---|---|
| Income | 24'858.8 | 24'998.8 | 26'737.0 | 27'374.6 | 27'406.5 | 0.1% |
| of which income before financial services business | 23'893.6 | 24'076.9 | 25'845.9 | 26'501.7 | 26'545.8 | 0.2% |
| of which Migros retail sales | 21'058.6 | 21'333.9 | 22'867.1 | 23'051.5 | 22'996.1 | -0.2% |
| of which (income) of the Cooperatives | 14'661.9 | 14'524.0 | 15'844.3 | 15'910.2 | 15'612.7 | -1.9% |
| Total Migros distribution sites (number) | 623 | 631 | 639 | 648 | 659 | 1.7% |
| Total Migros sales area | 1'332'397 | 1'344'738 | 1'348'664 | 1'362'083 | 1'377'633 | 1.1% |
| EBITDA (earnings before interest, taxes, depreciation and amortisation) | 2'116.2 | 2'177.4 | 2'266.1 | 2'392.3 | 2'313.9 | -3.3% |
| as % of income | 8.5 | 8.7 | 8.5 | 8.7 | 8.4 | |
| of which EBITDA of the retail and industry sector | 1'791.2 | 1'901.5 | 1'985.6 | 2'075.8 | 1'999.9 | -3.7% |
| EBIT (earnings before interest and taxes) | 979.0 | 985.6 | 1'043.9 | 1'125.6 | 981.6 | -12.8% |
| as % of income | 3.9 | 3.9 | 3.9 | 4.1 | 3.6 | |
| Profit 2 | 659.3 | 724.2 | 770.9 | 825.6 | 791.1 | -4.2% |
| as % of income | 2.7 | 2.9 | 2.9 | 3.0 | 2.9 | |
| Cash flow from operating activity | 1'126.7 | 1'267.5 | 1'224.9 | 2'361.5 | 2'696.3 | 14.2% |
| as % of income | 4.5 | 5.1 | 4.6 | 8.6 | 9.8 | |
| of which cash flow from the retail and industry sector | 1'347.4 | 2'045.3 | 687.7 | 1'703.0 | 2'047.1 | 20.2% |
| Investments | 1'265.3 | 1'224.8 | 1'324.2 | 1'640.9 | 1'356.3 | -17.3% |
| Equity | 14'878.4 | 15'248.0 | 15'969.1 | 15'970.1 | 16'802.3 | 5.2% |
| as % of balance sheet total | 27.0 | 26.5 | 27.2 | 26.4 | 27.0 | |
| of which equity of the retail and industry sector | 12'893.2 | 13'099.8 | 13'663.4 | 13'548.1 | 14'181.3 | 4.7% |
| as % of balance sheet total | 63.6 | 62.5 | 65.1 | 65.4 | 66.5 | |
| Balance sheet total | 55'181.4 | 57'534.2 | 58'809.4 | 60'585.1 | 62'138.1 | 2.6% |
| of which balance sheet total of the retail and industry sector | 20'256.8 | 20'958.3 | 20'983.7 | 20'709.3 | 21'322.9 | 3.0% |
| Expenditure for cultural, social and economic policy purposes | 117.6 | 125.0 | 120.3 | 122.3 | 120.2 | -1.7% |
| Employees / Cooperative members | ||||||
| Workforce (people annual average) | 86'393 | 87'461 | 94'276 | 97'456 | 100'373 | 3.0% |
| Migros cooperative members (members) | 2'091'188 | 2'111'084 | 2'136'959 | 2'155'331 | 2'166'145 | 0.5% |
1 Due to the switch in accounting standard from IFRS to Swiss GAAP FER with effect from 1 January 2015, the figures for the previous year have been adjusted
2 2011 - 2013 IFRS, before effect from pension plans
Income Statement
Mgru-S01-T07
| Migros Group | Retail and industry sector 1 | Financial services sector 1 | ||||
|---|---|---|---|---|---|---|
| In CHF million | 2015 | 2014 | 2015 | 2014 | 2015 | 2014 |
| Net sales revenue from goods and services sold | 26'201.2 | 26'180.3 | 26'204.9 | 26'184.4 | 3.0 | 2.9 |
| Other operating income | 344.5 | 321.4 | 348.1 | 327.7 | 0.8 | 2.7 |
| Income before financial services business | 26'545.8 | 26'501.7 | 26'553.0 | 26'512.1 | 3.7 | 5.6 |
| Income from financial services business | 860.7 | 872.8 | - | - | 860.7 | 872.8 |
| Total income | 27'406.5 | 27'374.5 | 26'553.0 | 26'512.1 | 864.5 | 878.4 |
| Cost of goods and services sold | 15'673.8 | 15'826.9 | 15'675.1 | 15'828.2 | - | - |
| Expenses of financial services business | 272.4 | 274.3 | - | - | 272.5 | 274.6 |
| Personnel expenses | 5'609.1 | 5'461.5 | 5'437.8 | 5'287.2 | 171.2 | 173.0 |
| Depreciation, amortisation | 1'332.3 | 1'266.7 | 1'301.9 | 1'230.8 | 30.4 | 35.9 |
| Other operating expenses | 3'537.4 | 3'419.5 | 3'440.1 | 3'320.9 | 106.9 | 113.1 |
| Income before financial services business | 981.6 | 1'125.6 | 698.0 | 845.0 | 283.5 | 281.8 |
1 Unaudited; before consolidation of transactions between the two sectors.
