Migros’ revenues continued to grow on a like-for-like basis in 2021. While revenues increased in the retail trade, the travel, leisure and catering sectors, on the other hand, suffered from the pandemic.
Online sales crossed the 3 billion franc threshold for the first time, the orange giant said in a press release on Tuesday.
Consolidated sales of Migros, adjusted for divestments, increased by 2.2% to 28.85 billion francs. The correction takes into account the disposals of Globus, the catering wholesaler Saviva and the Glatt shopping center in 2020, specifies Migros. Unadjusted, turnover amounted to 28.91 billion francs, compared to 29.82 billion in 2020.
The retail turnover of all Migros companies increased by 2.3% to 24.75 billion francs, compared to 24.38 billion in 2020.
Growth of e-commerce
Online retail sales, all companies combined, jumped 15.6% to 3.24 billion francs and now represent 11.2% of total turnover.
The sales of the subsidiary Digitec Galaxus alone exceeded 2 billion francs, posting an increase of 17.7%. Finally, the turnover of the supermarket “Migros Online” jumped by 24.5% to 330 million francs, for a 38% increase in the number of orders.
The ten regional cooperatives, on the other hand, saw their turnover fall by 1.2% to 14.67 billion francs due to the drop in activities in the catering and fitness sectors, penalized by the pandemic. In catering, revenue fell 9% to 398 million francs, due to closures and other restrictions.
Abroad, activity remained almost stable, with sales increasing by 0.1% to 1.5 billion francs.
Prices for items sold in supermarkets fell by an average of 1.7% in fiscal 2021, despite rising commodity prices. These declines were offset by reductions in operating costs, writes Migros.
Hotelplan penalized by the pandemic
At the level of the specialized subsidiaries Micasa (furnishings), SportXX (sporting goods), Melectronics (electronics), Do it + Garden and OBI (DIY and gardening), the combined turnover increased from 0.9% to 1, 73 billion francs, while prices fell by 2.2%.
The tour operator Hotelplan for its part suffered from the pandemic and recorded a turnover down 11.9% to 645 million francs.
At the discounter Denner, sales rose 1.3% to 3.81 billion francs. For the Migrolino convenience stores, turnover increased by 4.3% to 747 million francs. Finally, sales of Migrol jumped 18.3% to 1.45 billion francs, driven by the rise in oil prices.
The group’s industrial activities have suffered from the pandemic in the supply of third-party customers. Adjusted for the companies sold, turnover fell by 0.4% to 5.74 billion francs. However, the growth in deliveries abroad made it possible to offset the weak demand in Switzerland, particularly in the catering sector.
Finally, the revenues of the Medbase group, active in medicine, pharmacy and dentistry, jumped 28% to 487 million francs.
This article has been published automatically. Source: ats/awp