Statement of value added
The statement of value added of Migros Group in the Retail and Industry sector shows the added value created for 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.
At 67.1%, personnel costs account for the lion's share of value added. They decreased by 2.7% in comparison with the previous year, due to the wage increase of 0.5% to 0.9% granted at Migros Group as well as to changes in the scope of consolidation, namely acquisitions of companies on the one hand and disposals of companies on the other. The Retail and Industry sector has 97'533 employees (previous year: 104'536).
Contributions to Migros Culture Percentage, a voluntary commitment by Migros in the areas of culture, society, education, leisure and business, amounted to 1.7% (previous year: 1.7%) of the value added. They help make cultural and social benefits accessible to a broad public.
Lenders received 0.4% 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 there was no material change compared to the previous year.
The public sector received 11.8% (previous year: 10.4%) in taxes, customs duties and fees. The public sector has therefore received a higher level of contributions than in the previous year.
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.