Migros increased its revenues last year, despite a difficult environment marked by extensive restructuring and the sale of several subsidiaries. In total, Migros’ turnover increased by 1.6% to 32.5 billion francs, the orange giant said on Friday.
One of the main drivers of this growth was online commerce, whose revenues increased by 10.1% to 4.5 billion.
Stationary retail has seen a stable development. The turnover of Migros supermarkets increased by 0.3% to 12.7 billion.
“This development reassures us that we have made the right choice by focusing on our core business,” declared Mario Irminger, president of the general management of the Federation of Migros Cooperatives (FCM), quoted in the press release.
Disposal of specialized markets
Excluding the independent company Migros Supermarché, retail sales increased by 3.3% to 9 billion, driven by strong online activity, notably with Galaxus (+17.2% to 2.9 billion). Denner (+0.1% to 3.8 billion) and Migrolino (+0.4% to 8 million) also managed to improve their revenues.
In the non-food sector, buyers have already been found for Melectronics, SportX and Bike World. The search for a suitable owner is still ongoing for Micasa and Do it + Garden and negotiations are ongoing for Hotelplan, whose turnover grew by 3% to 1.8 billion, and Mibelle. The results for 2025 will no longer be affected by the losses caused by the sale of these specialized markets, it is explained in the press release.
->> Reread: Migros will cut another 415 jobs and the Melectronics stores will be partly taken over by Mediamarkt
Furthermore, Migros Industrie companies earned revenues of 6.1 billion (+1.8%). Health services also recorded strong growth at 1.5 billion, mainly due to the evolution of Medbase group sales, up 25.7%.
ats/lan
Swiss
