Migros Annual Report 2019

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Key Figures 2019 CHF 28.683 billion

sales

All key figures for 2019

link

Key figures 2019

CHF million
except where indicated
2015 2016 2017 2018 2019 Change compared with previous year
Finances
Income 27'406 27'738 28'071 28'453 28'683 0.8%
of which income before financial services business 26'546 26'921 27'292 27'677 27'914 0.9%
of which Migros retail sales 22'996 23'269 23'296 23'729 23'757 0.1%
of which (income) of the Cooperatives 1 15'613 15'634 15'557 16'255 16'062 -1.2%
Total Migros distribution sites 659 685 701 727 737 1.4%
Total Migros sales area 1'377'633 1'397'454 1'402'169 1'476'827 1'478'738 0.1%
EBITDA (earnings before interest, taxes, depreciation and amortisation) 2'314 2'281 2'103 2'118 1'732 -18.2%
as % of income 8.4 8.2 7.5 7.4 6.0
of which EBITDA of the retail and industry sector 2'000 1'981 1'795 1'796 1'390 -22.6%
EBIT (earnings before interest and taxes) 982 911 603 651 201 -69.1%
as % of income 3.6 3.3 2.1 2.3 0.7
Profit 791 663 503 475 335 -29.6%
as % of income 2.9 2.4 1.8 1.7 1.2
Cash flow from operating activity 2'696 2'503 1'170 1'361 1'820 33.7%
as % of income 9.8 9.0 4.2 4.8 6.3
of which cash flow from the retail and industry sector 2'047 1'658 1'619 1'641 1'382 -15.8%
Investments 1'356 1'663 1'476 1'516 1'574 3.8%
Equity 16'802 17'455 17'913 18'417 18'781 2.0%
as % of balance sheet total 27.0 27.5 27.7 27.7 27.5
of which equity of the retail and industry sector 14'181 14'646 14'931 15'282 15'438 1.0%
as % of balance sheet total 66.5 67.5 67.3 67.1 69.10
Balance sheet total 62'138 63'537 64'581 66'601 68'402 2.7%
of which balance sheet total of the retail and industry sector 21'323 21'703 22'176 22'789 22'331 -2.0%
Migros Cooperative
Number of Migros cooperative members 2'166'145 2'182'171 2'187'818 2'215'194 2'236'811 1.0%
Employees
Workforce (people annual average) 100'373 102'851 105'456 106'622 106'119 -0.5%
Full-time positions 72'609 74'305 75'302 75'542 75'606 0.1%
Trainees 3'700 3'775 3'860 3'833 3'700 -3.5%
Society & culture
Migros Culture Percentage expenses 120 120 122 120 118 -1.8%
Expenses Engagement Migros development fund (Migros Group) 9 10 15 16 18 12.5%
Products
Total sales of sustainable, health and regional label Cooperative Retailing 3'648 3'881 4'015 4'218 4'261 1.0%
Environment
Greenhouse gas emissions, absolute (in 1000 tonnes CO2-eq) 303.09 300.45 287.73 279.94 261.84 -6.5%
Energy consumption, Migros group (in GWh) 1'747 1'757 1'739 1'698 1'691 -0.4%
Installed solar power plants owned by Migros (in kWp) 21'432 27'384 28'204 30'902 32'506 5.2%
Migros Group, rail transport kilometrage
(in km million)
11.5 12.5 13.3 13.8 14.2 2.9%
Recycling rate (in %) 78.0 77.7 77.8 77.6 77.7 0.1%

1 Adjustment as from 2018: Cooperations inclusive domestic and foreign subsidiaries

Key Figures 2019 CHF 28.683 billion

sales

All key figures for 2019

link

Key figures 2019

CHF million
except where indicated
2015 2016 2017 2018 2019 Change compared with previous year
Finances
Income 27'406 27'738 28'071 28'453 28'683 0.8%
of which income before financial services business 26'546 26'921 27'292 27'677 27'914 0.9%
of which Migros retail sales 22'996 23'269 23'296 23'729 23'757 0.1%
of which (income) of the Cooperatives 1 15'613 15'634 15'557 16'255 16'062 -1.2%
Total Migros distribution sites 659 685 701 727 737 1.4%
Total Migros sales area 1'377'633 1'397'454 1'402'169 1'476'827 1'478'738 0.1%
EBITDA (earnings before interest, taxes, depreciation and amortisation) 2'314 2'281 2'103 2'118 1'732 -18.2%
as % of income 8.4 8.2 7.5 7.4 6.0
of which EBITDA of the retail and industry sector 2'000 1'981 1'795 1'796 1'390 -22.6%
EBIT (earnings before interest and taxes) 982 911 603 651 201 -69.1%
as % of income 3.6 3.3 2.1 2.3 0.7
Profit 791 663 503 475 335 -29.6%
as % of income 2.9 2.4 1.8 1.7 1.2
Cash flow from operating activity 2'696 2'503 1'170 1'361 1'820 33.7%
as % of income 9.8 9.0 4.2 4.8 6.3
of which cash flow from the retail and industry sector 2'047 1'658 1'619 1'641 1'382 -15.8%
Investments 1'356 1'663 1'476 1'516 1'574 3.8%
Equity 16'802 17'455 17'913 18'417 18'781 2.0%
as % of balance sheet total 27.0 27.5 27.7 27.7 27.5
of which equity of the retail and industry sector 14'181 14'646 14'931 15'282 15'438 1.0%
as % of balance sheet total 66.5 67.5 67.3 67.1 69.10
Balance sheet total 62'138 63'537 64'581 66'601 68'402 2.7%
of which balance sheet total of the retail and industry sector 21'323 21'703 22'176 22'789 22'331 -2.0%
Migros Cooperative
Number of Migros cooperative members 2'166'145 2'182'171 2'187'818 2'215'194 2'236'811 1.0%
Employees
Workforce (people annual average) 100'373 102'851 105'456 106'622 106'119 -0.5%
Full-time positions 72'609 74'305 75'302 75'542 75'606 0.1%
Trainees 3'700 3'775 3'860 3'833 3'700 -3.5%
Society & culture
Migros Culture Percentage expenses 120 120 122 120 118 -1.8%
Expenses Engagement Migros development fund (Migros Group) 9 10 15 16 18 12.5%
Products
Total sales of sustainable, health and regional label Cooperative Retailing 3'648 3'881 4'015 4'218 4'261 1.0%
Environment
Greenhouse gas emissions, absolute (in 1000 tonnes CO2-eq) 303.09 300.45 287.73 279.94 261.84 -6.5%
Energy consumption, Migros group (in GWh) 1'747 1'757 1'739 1'698 1'691 -0.4%
Installed solar power plants owned by Migros (in kWp) 21'432 27'384 28'204 30'902 32'506 5.2%
Migros Group, rail transport kilometrage
(in km million)
11.5 12.5 13.3 13.8 14.2 2.9%
Recycling rate (in %) 78.0 77.7 77.8 77.6 77.7 0.1%

1 Adjustment as from 2018: Cooperations inclusive domestic and foreign subsidiaries

Key Figures 2019 106'119

employees

All key figures for 2019

link

Key figures 2019

CHF million
except where indicated
2015 2016 2017 2018 2019 Change compared with previous year
Finances
Income 27'406 27'738 28'071 28'453 28'683 0.8%
of which income before financial services business 26'546 26'921 27'292 27'677 27'914 0.9%
of which Migros retail sales 22'996 23'269 23'296 23'729 23'757 0.1%
of which (income) of the Cooperatives 1 15'613 15'634 15'557 16'255 16'062 -1.2%
Total Migros distribution sites 659 685 701 727 737 1.4%
Total Migros sales area 1'377'633 1'397'454 1'402'169 1'476'827 1'478'738 0.1%
EBITDA (earnings before interest, taxes, depreciation and amortisation) 2'314 2'281 2'103 2'118 1'732 -18.2%
as % of income 8.4 8.2 7.5 7.4 6.0
of which EBITDA of the retail and industry sector 2'000 1'981 1'795 1'796 1'390 -22.6%
EBIT (earnings before interest and taxes) 982 911 603 651 201 -69.1%
as % of income 3.6 3.3 2.1 2.3 0.7
Profit 791 663 503 475 335 -29.6%
as % of income 2.9 2.4 1.8 1.7 1.2
Cash flow from operating activity 2'696 2'503 1'170 1'361 1'820 33.7%
as % of income 9.8 9.0 4.2 4.8 6.3
of which cash flow from the retail and industry sector 2'047 1'658 1'619 1'641 1'382 -15.8%
Investments 1'356 1'663 1'476 1'516 1'574 3.8%
Equity 16'802 17'455 17'913 18'417 18'781 2.0%
as % of balance sheet total 27.0 27.5 27.7 27.7 27.5
of which equity of the retail and industry sector 14'181 14'646 14'931 15'282 15'438 1.0%
as % of balance sheet total 66.5 67.5 67.3 67.1 69.10
Balance sheet total 62'138 63'537 64'581 66'601 68'402 2.7%
of which balance sheet total of the retail and industry sector 21'323 21'703 22'176 22'789 22'331 -2.0%
Migros Cooperative
Number of Migros cooperative members 2'166'145 2'182'171 2'187'818 2'215'194 2'236'811 1.0%
Employees
Workforce (people annual average) 100'373 102'851 105'456 106'622 106'119 -0.5%
Full-time positions 72'609 74'305 75'302 75'542 75'606 0.1%
Trainees 3'700 3'775 3'860 3'833 3'700 -3.5%
Society & culture
Migros Culture Percentage expenses 120 120 122 120 118 -1.8%
Expenses Engagement Migros development fund (Migros Group) 9 10 15 16 18 12.5%
Products
Total sales of sustainable, health and regional label Cooperative Retailing 3'648 3'881 4'015 4'218 4'261 1.0%
Environment
Greenhouse gas emissions, absolute (in 1000 tonnes CO2-eq) 303.09 300.45 287.73 279.94 261.84 -6.5%
Energy consumption, Migros group (in GWh) 1'747 1'757 1'739 1'698 1'691 -0.4%
Installed solar power plants owned by Migros (in kWp) 21'432 27'384 28'204 30'902 32'506 5.2%
Migros Group, rail transport kilometrage
(in km million)
11.5 12.5 13.3 13.8 14.2 2.9%
Recycling rate (in %) 78.0 77.7 77.8 77.6 77.7 0.1%

1 Adjustment as from 2018: Cooperations inclusive domestic and foreign subsidiaries

Sustainable Development 0.4% energy

was saved by Migros in 2019

Highlights 2019

Migros' key achievements in 2019

January

Matthias Wunderlin appointed new Head of Marketing

Matthias Wunderlin takes over as Head of the Marketing Department, with effect from 1 January 2019, and is appointed to the Executive Board. He replaces Hansueli Siber, Head of the Marketing Department since 2014. Wunderlin (*1973) has held various roles within Migros, most recently as Head of Retail Digital Division in the Federation of Migros Cooperatives.

March

Ursula Nold elected new Chairwoman of the Board of Directors

On 23 March 2019, the Assembly of Delegates of the Federation of Migros Cooperatives appoints Ursula Nold as the new Chairperson of the Board of Directors. She takes office on 1 July 2019, replacing Andrea Broggini, Chairman since 2012. Ursula Nold (*1969) becomes the first woman at the helm of the FMC Board of Directors. She presided over the FMC Assembly of Delegates from 2008 to 2019.

Armando Santacesaria appointed new Head of Industry

The Board of Directors of the Federation of Migros Cooperatives appoints Armando Santacesaria as Head of the Industry & Wholesaling Department and a member of the Executive Board. Santacesaria (*1971), who has worked in various roles at Procter & Gamble and Kellogg’s, takes over the reins from Walter Huber on 1 June 2019. Huber leaves Migros after 11 years in charge of M-Industry.

Rainer Baumann appointed new Head of Technology and IT

The Board of Directors of the Federation of Migros Cooperatives appoints Rainer Baumann as Head of the Technology, IT & Logistics Department and a member of the Executive Board, with effect from 1 September 2019. Baumann (*1979), who previously held roles at McKinsey & Company and Swiss Re, replaces Andreas Münch, Head of the Logistics & IT Department since 2005.

April

Acquisition of Topwell Apotheken AG

The Swiss Federal Competition Commission (WEKO) cleared the way for the takeover of Topwell Apotheken AG by the Migros-owned Medbase Group. The integration has allowed Medbase to expand its portfolio with a new strategic business segment and take forward-looking steps towards end-to-end, integrated and innovative medical and pharmaceutical care in Switzerland.

Drinks bottles made of 100% recycled PET

Since 2019, Migros syrup bottles have been made of 100% recycled PET. This means that the materials loop for PET bottles has now been closed for the first time in Switzerland. With this measure, Migros saves more than 222 t of new material per year.

May

M-Industry invests in Aleph Farms

M-Industry has acquired a stake in the Israeli start-up Aleph Farms, which specialises in developing sustainably cultivated meat. It is thus investing in a promising technology for resource-friendly meat production. The company succeeded in growing animal cells in an incubator into a steak in just a few weeks.

Migros Club School turns 75

Migros Club School celebrates its 75th anniversary. Founded by Gottlieb Duttweiler in 1944 with the aim of making affordable language courses accessible to all, the Club School has become Switzerland's most popular educational institution. The secret to its success lies in having an awareness of trends. In its anniversary year, it held a total of 53'719 courses and seminars for more than 328'000 participants.

June

Prices reduced for favourite Migros products

Migros has reduced the prices of its best-selling items and improved the quality of important own-brand products. About 1'500 products are positively affected by the broad-based initiative to increase value for money. Migros thus enables its customers to buy high-quality, healthy and sustainable products at fair prices.

Strategic reorientation

The Migros Group wants to invest more heavily in its strategic core business and online commerce. As part of a regular review of its portfolio, it sought new owners for its subsidiaries Globus, Gries Deco Group (Depot), Interio and m-way. The Board of Directors of the Federation of Migros Cooperatives decides to initiate the corresponding sale processes.

December

World's most responsible retailer

In 2019, the Migros Group analysed its positive and negative effects on global development. The UN's sustainability goals were incorporated into the development of the Migros Group's sustainability mission statement. Detailed information about the Migros Group's contribution to the SDGs can be found here.

More highlights