During the last financial year Migros Group achieved success through boosted profits alongside the publication of its full sustainability plan that focuses on human welfare and environmental protection. Migros Group successfully consolidated its spot as the top Swiss retail sector operator by surpassing previous sales numbers to reach CHF 32.5 billion in overall revenues. During this period of operation, the company produced a group profit total of CHF 419 million and maintained a CHF 175 million profit in the preceding year.
Strong Financial Performance Amidst Transformation
The year compelled Migros to reinforce its basic business operations through the development of food products alongside financial services along with healthcare and non-food items sectors. The economic challenges could not diminish the company’s performance since the revenues increased by 1.8%. ETEBBVOR produced CHF 924 million in adjusted EBIT for 2017 which represented superior profitability than CHF 786 million for 2016. Despite its reorganized portfolios, the company reported an EBIT result of CHF 484 million, but its group profit amount was CHF 419 million.
Migros preserves its financial stability through CHF 17.6 billion in net assets that represent 78.7% of total assets and has increased over the 72.8% reported in 2023. The majority of strategic divestments completed by the company including SportX Melectronics Bikeworld Obi Micasa and Hotelplan have completed their staff and customer handovers. Do it + Garden stores and Mibelle sale processes indicate that operations will close down within the period between 2025.
Commitment To Sustainability: A New Group-Wide Strategy
Rising worldwide environmental issues have prompted the Migros Group to create sustainability programs. Under the period 2030 of their Sustainability Strategy, Migros Group requires every subsidiary to meet six vital responsibility areas, which include climate protection, biodiversity conservation, and circular economic practices alongside product traceability, ethical marketing and human rights and work environment protection standards. The group sets its main goal to achieve a complete balance in its greenhouse gas emissions across its operations by 2050.
Cooperative Retail And Investments In The Future
The sales from specialized stores posed only limited obstacles to cooperative retail operations throughout 2024. The total sales generated by the ten regional Migros cooperatives joined with subsidiaries reached CHF 16.3 billion in the year although this figure saw a diminutive drop of 0.8%. Sales performance between Migros Online and its consolidated businesses reached CHF 17.6 billion with 1.1% lower than previous reports.
The sales figure for Migros supermarkets grew by a limited 0.3% as the food division drove this performance. Migros retail gained enhanced strength from a 1.8% growth in customer shopping at their stores. They will invest CHF 2 billion into retail development by building 140 new stores combined with renovating 350 stores throughout the upcoming ten years. The company plans a yearly CHF 500 million distribution to cut prices of necessary products for direct customer benefits.
Retail Expansion: Digital And Physical Growth
Migros achieved its greatest company expansion through the online retail sector within their operations. During the mentioned period Digitec Galaxus saw a sales boost of 17.2% that brought their total to CHF 2.9 billion. Both Denner and Migrolino achieved expansion rates of 0.1% and 0.4% respectively over the mentioned period. Migrol suffered a 9.7% performance decline because the market embraced both reduced oil costs and diminishing consumer demand.
Industry Growth And Financial Strength
Migros Industry sustained its food retail supply business by growing sales by 1.9% to CHF 6.1 billion. The sales expansion of food retail has boosted its market importance throughout this period.
Migros Bank reached extraordinary business success in two ways: the bank grew customer loans beyond CHF 50 billion and expanded its customer network up to 1.2 million individuals with a 5.4% increase. The institution experienced its highest annual profit at CHF 282 million in the year because it implemented Cumulus credit cards and free banking services.
Healthcare Expansion And Social Commitment
The healthcare division of Migros produced CHF 1.5 billion in total revenue which helped Migros enhance its position in the Swiss healthcare industry through its pharmacy operations and medical facilities and digital services. The core healthcare division of Medbase Group achieved 26.1% growth in the past year as it became a primary force behind Migros’ business expansion.
Social programs secured CHF 138 million worth of financing which enables support for the Migros Culture Percentage together with funding from the Pioneer Fund and Migros Support Fund.
Workforce And Training Initiatives
The company retains its position as Switzerland’s largest private employer with 98,776 staff members in 2024 after restructuring eliminated 0.4% of employees. Migros operates as a recognized training institution which provides occupational skills development to new recruits who work in 55 different sectors throughout the organization. The company actively recruits qualified people to fill one of its thousand available positions.
Celebrating 100 Years: Looking Ahead To 2025
The celebration of Migros’s centennial will revolve around Swiss-based “Merci Tour” dome events and Migros store anniversaries together with sales bus rebirth and staff celebration within autumn 2025.
Operationally Migros will achieve good results during 2025 despite its projected CHF 3 billion reduction from divested assets. Through its price reduction approach the company enables customer savings while its food division expands next to its non-food and financial services and healthcare segments.
Migros builds its innovation and sustainability practices while offering customer-oriented growth as it embarks on its 100-year anniversary. Migros Group exhibits readiness to expand its success pattern until 2025 and beyond through strategic planning and solid groundwork.
