Income trend (sales trend)

Cooperative Retailing

The activities of the regional Migros Cooperatives, the Federation of Migros Cooperatives and the services of the Group's logistics companies are combined in the strategic business unit Cooperative Retailing.

Consolidated sales of CHF 16'756 million (-0.6%) were generated in Cooperative Retailing. The ten regional Cooperatives, including subsidiaries, recorded domestic sales of CHF 14'695 million (-1.3%). Sales of CHF 1'367 million (-0.2%) were generated abroad. Total sales of the Cooperatives stood at CHF 16'062 million (-1.2%). The domestic market share was 15.2%, down from 15.4% a year earlier.

In local currency terms, Migros France suffered a slight decline in sales year-on-year, to EUR 107 million (-0.1%). Tegut increased its sales to EUR 1'069 million (+3.3%).

Migros supermarkets and hypermarkets generated domestic sales of CHF 11'596 million (-1.4%). The past year has seen Migros invest heavily across the entire product range, both in the quality of the most popular products and in price reductions. It cut the prices of around 1'500 of its most popular products.

The specialist markets Micasa, SportXX, melectronics, Do it + Garden, Interio and OBI posted sales of CHF 1'753 million (-1.2%) in 2019.

Regional and sustainable products continued to play a very important role in 2019. Sales of products with ecological or social added value totalled CHF 3'148 million (+0.6%). Organic products account for sales in excess of CHF 1 billion.

As every year, the regional Cooperatives made substantial investments in the construction of new stores and the renovation of existing ones. The Migros network of domestic sales outlets increased by 10 in total to 737 sites at the end of 2019. The sales area for supermarkets/hypermarkets, specialist markets and catering services grew to 1'478'738 m² (+0.1%). The productivity per area in supermarkets and hypermarkets in Switzerland totalled CHF 12'323/m² (-2.4%), while the corresponding figure in specialist markets was CHF 3'595/m² (-2.6%).

In the health sector, Medbase / santémed further expanded its therapeutic and medical range in the reporting year. Sales amounted to CHF 226 million (+50.8%). In addition to the organic growth, the integration of Topwell Apotheken into the Medbase Group contributed to this pleasing growth.

Commerce

The strategic business unit Commerce, including Digitec Galaxus, generated consolidated sales of CHF 8'023 million (+2.0%) in the reporting year. Sales of m-way and Depot Group, two companies that were sold in 2019, totalled CHF 469 million (-21.0%)

Denner recorded very pleasing growth in 2019, posting sales of CHF 3'252 million (+2.2%). Despite strong competition, it maintained its position as Switzerland's leading discounter.

Migrol posted sales of CHF 1'548 million (+1.2%) in 2019.

Magazine zum Globus more than doubled its online sales and generated overall sales of CHF 763 million (-5.6%). Adjusted by sales area, Globus grew by 0.9%.

Ex Libris has undergone a successful transformation in recent years and generated sales of CHF 99 million (+0.4%) thanks to the expansion of its online business.

migrolino has grown successfully both in its shop business and wholesale business, and posted a sharp increase in sales to CHF 593 million (+14.9%).

The online supermarket Le Shop increased its sales to CHF 190 million (+2.8%) and thus successfully maintained its position as Switzerland's leading online food retailer.

In the 2019 calendar year, Switzerland's biggest online retailer Digitec Galaxus generated sales of CHF 1'106 million domestically and abroad (+16.1%).

In the e-commerce business, Migros further cemented its position as the undisputed market leader in Switzerland, thanks in particular to Globus and Digitec Galaxus. Total online sales grew sharply by 9.8% to CHF 2'285 million. The online shops of the specialist markets recorded sales growth of 6.7%.

Industry & Wholesaling

The strategic business unit Industry & Wholesaling generated consolidated sales of CHF 5'872 million (+0.7%) in 2019. The main driver for this growth was the successful international business. M-Industry exports products to more than 50 countries worldwide, with its main markets being Germany, the United Kingdom, France, Italy, Canada as well as the USA, China and Japan.

Travel

The strategic business unit Travel continued to operate in a challenging environment in 2019: The hot summer, Brexit uncertainty and the insolvency of Thomas Cook were just some of the instrumental factors in this regard. The Hotelplan Group cut back its offering, thereby resulting in a fall in sales. The travel company posted net sales of CHF 1'188 million (-5.7%).