In the Retail and Industry sector, income increased by CHF 381 million to CHF 27.3 billion (+1.4%). In the core retailing business, sales in Switzerland and abroad totalled CHF 23.5 billion (CHF +221 million or +1.0%). Retail sales abroad comprise the sales of Migros France, Tegut Group, Gries Deco Group in Germany and Austria, and Probikeshop. Compared to the previous year, retail sales abroad decreased by CHF 2 million to CHF 1.8 billion (-0.1%, including the sale of Probike).
In the Financial Services sector, income fell by a total of CHF 44 million to CHF 783 million, due in particular to the low interest-rate level.
Income trend (sales trend) in the Retail and Industry sector
Income trend in the Financial Services sector
Total income in the Financial Services sector amounted to CHF 783 million in the reporting year, with interest revenue of CHF 628 million or 80.2 % constituting the main share of total income. The fall in income of CHF 44 million in total can therefore also be attributed primarily to lower interest revenue.