Swiss retailer Migros Group said it achieved “solid” results in 2012 with increases in profit and sales.
Earnings were up 9.8% to CHF724.2m (US$775.1m), the company reported today (9 April), despite “massive” price cuts and a decline in sales from its travel business.
Go deeper with GlobalData
EBIT climbed 0.7% to CHF985.6m. Migros pointed to a stable gross margin from its core retail business, ongoing efficiency programmes and a stronger wholesale unit.
Group sales increased by 0.6% to CHF24.99bn. Retail sales were up 1.3% to CHF21.33bn.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
