Statement of Value Added

The statement of value added of Migros Group in the Retail and Industry sector shows the added value created for the society by the Group. The aim of the Group is to create a sustainable value added by striving for a future-oriented management of available resources that will safeguard the future of the business, secure jobs and guarantee public-sector contributions.

Personnel costs account for the lion's share of value added, at 80.0%. They increased by 1.2% in comparison to the previous year, due to the expansions at a number of companies and acquisitions as well as to the wage increase of 0.5% to 0.9% granted in Migros Group. The Retail and Industry sector has 105'103 employees (previous year: 103'977).

Contributions to Migros Culture Percentage, a voluntary commitment by Migros in the areas of culture, society, education, leisure and business, amounted to 1.6% (previous year: 1.7%) of the value added. This helped make cultural and social benefits accessible to the population.

Lenders received 0.5% in the form of interest during the reporting year. The Group's unchanged sound financial situation coupled with the sustained low level of interest rates mean that this figure has fallen slightly compared to that of the previous year.

The public sector received 13.4% (previous year: 12.9%) in taxes, customs duties and fees. The public sector has therefore received higher contributions than in the previous year, due in particular to higher taxes. The low level of tax expense in the previous year was attributable to special items.

The Group secures its continuation as a going concern and guarantees innovation by consistently aligning the value chain to dynamic market trends. Maintaining an adequate profit serves both to achieve this goal and to secure jobs and pass on goods and services to customers on fair terms and conditions.