DOCSLIB.ORG

Download Financial Report Migros Group

Total Page：16

File Type：pdf, Size：1020Kb

Download full-text PDF Read full-text
Download Financial Report Migros Group Financial reporting 2016 MIGROS GROUP 2 3 Page Migros Facts 4 Development of Group results 4 Key figures and ratios 5 Report on the financial situation of Migros Group 6 A. Overview 8 B. Introduction 10 C. Acquisitions and disposals 10 D. Income trend (sales trend) of Migros Group 12 E. Operating results of Migros Group 14 F. Balance sheet of Migros Group 17 G. Cash flow statement of Migros Group 18 H. Value-oriented management as basis for creating value added 19 I. Risk management and Internal Control System (ICS) in Migros Group 19 J. Statement of value added 25 Migros Group financial statements 26 Income statement 28 Balance sheet 29 Statement of changes in equity 30 Cash flow statement 32 Notes to Migros Group financial statements 1. Information about Migros Group 34 2. Basis of preparation 34 3. Summary of significant accounting policies 36 4. Risk management 48 5. Critical accounting estimates and judgements 62 6. Segment reporting 63 7. – 16. Explanations to the income statement 67 17. – 34. Explanations to the balance sheet 76 35. – 42. Further explanations 95 Report of the statutory auditor 109 Migros Facts > Development of Group results 4 Development of Group results Income Profit 1 [in million CHF] [in million CHF] 30'000 27'738 1'000 26'737 27'375 27'406 24'999 826 25'000 771 791 800 724 663 20'000 600 15'000 400 10'000 200 5'000 0 0 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 Investments Workforce [in million CHF] [Number of persons] 100'373 102'851 1'800 105'000 97'456 1'641 1'663 94'276 1'600 87'461 90'000 1'356 1'400 1'324 1'225 75'000 1'200 1'000 60'000 800 45'000 600 30'000 400 15'000 200 0 0 2012 2013 2014 2015 2016 2012 2013 2014 2015 2016 1 2012 – 2013 IFRS, before effect from pension plans Migros Facts > Key figures and ratios 5 Key figures and ratios Change from previous year CHF million, except where indicated 2012 2013 2014 2015 2016 in % Income 24'999 26'737 27'375 27'406 27'738 +1.2 of which income before income from financial services business 24'077 25'846 26'502 26'546 26'921 +1.4 of which Migros retail sales 21'334 22'867 23'052 22'996 23'269 +1.2 of which income of the Cooperatives 14'524 15'844 15'910 15'613 15'634 +0.1 num- Total Migros distribution sites ber 631 639 648 659 685 +3.9 Total Migros sales area m² 1'344'738 1'348'664 1'362'083 1'377'633 1'397'454 +1.4 EBITDA (earnings before interest, taxes, depreciation and amortisation) 2'177 2'266 2'392 2'314 2'281 – 1.4 as % of income % 8.7 8.5 8.7 8.4 8.2 of which EBITDA of the Retail and Industry sector 1'902 1'986 2'076 2'000 1'981 – 0.9 EBIT (earnings before interest and taxes) 986 1'044 1'126 982 911 – 7.2 as % of income % 3.9 3.9 4.1 3.6 3.3 Profit 1 724 771 826 791 663 – 16.2 as % of income % 2.9 2.9 3.0 2.9 2.4 Cash flow from operating activity 1'268 1'225 2'362 2'696 2'503 – 7.2 as % of income % 5.1 4.6 8.6 9.8 9.0 of which cash flow of the Retail and Industry sector 2'045 688 1'703 2'047 1'658 – 19.0 Investments 1'225 1'324 1'641 1'356 1'663 +22.6 Equity 15'248 15'969 15'970 16'802 17'455 +3.9 as % of balance sheet total % 26.5 27.2 26.4 27.0 27.5 of which equity of the Retail and Industry sector 13'100 13'663 13'548 14'181 14'646 +3.3 as % of balance sheet total % 62.5 65.1 65.4 66.5 67.5 Balance sheet total 57'534 58'809 60'585 62'138 63'537 +2.3 of which balance sheet total of the Retail and Industry sector 20'958 20'984 20'709 21'323 21'703 +1.8 Expenditure for cultural, social and economic policy purposes 125 120 122 120 120 – 0.0 Workforce / Migros Cooperatives num- Workforce (number of persons − annual average) ber 87'461 94'276 97'456 100'373 102'851 +2.5 num- Migros Cooperatives (number of members) ber 2'111'084 2'136'959 2'155'331 2'166'145 2'182'171 +0.7 1 2012 – 2013 IFRS, before effect from pension plans 6 Report on the financial situation of Migros Group 7 Page A. Overview 8 A.1. Key figures and ratios 8 A.2. Income statement 8 A.3. Balance sheet 9 A.4. Cash flow statement 9 B. Introduction 10 C. Acquisitions and disposals 10 D. Income trend (sales trend) of Migros Group 12 D.1. Income trend (sales trend) in the Retail and Industry sector 12 D.2. Income trend in the Financial Services sector 14 E. Operating results of Migros Group 14 E.1. Operating result of the Retail and Industry sector 15 E.2. Operating result of the Financial Services sector 16 F. Balance sheet of Migros Group 17 F.1. Balance sheet of the Retail and Industry sector 17 F.2. Balance sheet of the Financial Services sector 17 G. Cash flow statement of Migros Group 18 G.1. Cash flow statement of the Retail and Industry sector 18 G.2. Cash flow statement of the Financial Services sector 18 H. Value-oriented management as basis for creating value added 19 I Risk management and Internal Control System (ICS) in Migros Group 19 I.1. Risk management and Internal Control System (ICS) in the Retail and Industry Sector 19 I.1.1. General risk management 19 I.1.2. Financial risk management 20 I.1.3. Insurance risk management 21 I.1.4. Tax and VAT risk management 21 I.1.5. Risk management of legal cases 21 I.1.6. Internal Control System (ICS) in the Retail and Industry sector 22 I.2. Risk management and Internal Control System (ICS) in the Financial Services sector 22 I.2.1. General risk management 22 I.2.2. Financial risk management 23 I.2.3. Management of legal and compliance risks 24 I.2.4. Internal Control System (ICS) in the Financial Services sector 24 J. Statement of value added 25 Report on the financial situation of Migros Group > +++++++Overview 8 A. Overview The individual amounts have been rounded to the nearest million CHF (see also Note 3, Basis for preparation). A.1. Key figures and ratios Migros Group CHF million 2016 2015 Earnings before interest and taxes 911 982 Profit 663 791 Cash flow (from operating activity) 2'503 2'696 of which cash flow of the Retail and Industry sector 1 1'658 2'047 Investments 1'663 1'356 Equity 17'455 16'802 of which equity of the retail and industry sector 1 14'646 14'181 Balance sheet total 63'537 62'138 of which balance sheet total of the retail and industry sector 1 21'703 21'323 1 Unaudited; before consolidation of transactions between the two sectors. A.2. Income statement Migros Group Retail and Industry sector 1 Financial Services sector 1 CHF million 2016 2015 2016 2015 2016 2015 Net revenue from goods and services sold 26'547 26'201 26'550 26'205 3 3 Other operating income 374 345 373 348 6 1 Income before financial services business 26'921 26'546 26'923 26'553 10 4 Income from financial services business 817 861 – – 817 861 Total income 27'738 27'406 26'923 26'553 827 864 Cost of goods and services sold 15'762 15'674 15'764 15'675 – – Expenses of financial services business 246 272 – – 246 272 Personnel expenses 5'774 5'609 5'600 5'438 174 171 Depreciation 1'370 1'332 1'339 1'302 30 30 Other operating expenses 3'675 3'537 3'578 3'440 107 107 Earnings before interest and taxes 911 982 642 698 270 284 1 Unaudited; before consolidation of transactions between the two sectors. Report on the financial situation of Migros Group > Overview 9 A.3. Balance sheet Migros Group Retail and Industry sector 1 Financial Services sector 1 CHF million 2016 2015 2016 2015 2016 2015 ASSETS Cash and cash equivalents 6'490 5'929 1'708 1'935 4'894 4'519 Receivables due from banks 660 687 303 209 358 479 Mortgages and other customer receivables 36'484 36'048 – – 36'516 36'107 Other receivables 933 862 937 866 – – Inventories 2'563 2'519 2'563 2'519 – – Other financial assets 1'312 1'354 552 543 760 811 Investments in associated companies and joint ventures 92 88 830 826 0 0 Investment property 371 363 347 337 24 25 Fixed assets 12'828 12'410 12'720 12'279 108 131 Intangible assets 811 957 775 914 34 42 Other assets 994 920 969 894 25 26 BALANCE SHEET TOTAL 63'537 62'138 21'703 21'323 42'718 42'140 LIABILITIES AND EQUITY Payables due to banks 378 252 334 255 77 56 Customer deposits and liabilities 32'646 31'690 – – 32'759 32'215 Other financial liabilities 1'862 1'855 1'861 1'853 0 2 Other liabilities 2'662 2'870 2'588 2'769 78 105 Provisions 116 111 116 110 0 0 Issued debt instruments 6'032 6'170 150 150 5'882 6'020 Liabilities from employee benefits 819 831 799 812 20 19 Current income tax payables 128 155 86 107 42 48 Deferred income tax liabilities 1'440 1'402 1'124 1'085 316 317 Total liabilities 46'082 45'336 7'057 7'142 39'174 38'784 Total equity including minority interests 17'455 16'802 14'646 14'181 3'545 3'356 BALANCE SHEET TOTAL 63'537 62'138 21'703 21'323 42'718 42'140 1 Unaudited; before consolidation of transactions between the two sectors.
Load more

Recommended publications
  • Logistics Real Estate Report Switzerland 2020 Logisticslogistics Real Real Estate Estate Report Report Switzerlandswitzerland 2020
    High investment interest in a dynamic but less liquid market environment LOGISTICS LOGISTICS REAL ESTATE REPORT SWITZERLAND 2020 LOGISTICSLOGISTICS REAL REAL ESTATE ESTATE REPORT REPORT SWITZERLANDSWITZERLAND 2020 OFFER ASKING HIGHLIGHTS SIZES RENTS 3,000 sq m CHF 160 / sq m p.a. 2020 90% QUANTILE 90% QUANTILE 1,350 sq m CHF 125 / sq m p.a. 70% QUANTILE 70% QUANTILE STOCK (GLA*) 25 M sq m 800 sq m CHF 100 / sq m p.a. MEDIAN MEDIAN 500 sq m CHF 85 / sq m p.a. 30% QUANTILE 30% QUANTILE 350 sq m CHF 60 / sq m p.a. 10% QUANTILE 10% QUANTILE SUPPLY (GLA*) 465,000 sq m SUPPLY RATE 1.9% PRIME YIELD (NET) 4.1% CONSTRUCTION INVESTMENTS IN YEAR OF CONSTRUCTION WAREHOUSES AND DEPOTS 2017 CHF 801 M OF SUPPLY (MEDIAN) 1993 Source: FPRE, FSO, CBRE, 2019 / 2020 *GLA = Gross leasable area © CBRE Switzerland 2020 1 LOGISTICS REAL ESTATE REPORT SWITZERLAND 2020 High investment interest in a dynamic but less liquid market environment MANAGEMENT High construction investments in French- The Swiss logistics real estate market, which is proving very resilient in the speaking Switzerland (p. 9 - 10) current coronavirus crisis, is characterized The continuing high volume of new by strong fundamentals and increasing construction is evidence of good demand diversification. The results of the present for space of appropriate quality and size. SUMMARY study, which is rounded off with an interview Investments in warehouses and depots have by Alexandre Monney, fund manager at risen over the last decade, particularly in Procimmo, can be summarized as follows: French-speaking Switzerland.
    [Show full text]
  • Business Cycle Signals Results of the SNB Company Talks
    Business cycle signals Results of the SNB company talks Fourth quarter of 2020 Report submitted to the Governing Board of the Swiss National Bank for its quarterly assessment. The appraisals presented here are based on discussions between the SNB’s delegates for regional economic relations and company managers throughout Switzerland. In its evaluation, the SNB aggregates and interprets the information received. A total of 242 company talks were conducted between 13 October and 30 November. In light of the coronavirus crisis, the delegates addressed several additional issues, and asked specific questions on the liquidity situation and lending conditions (for more details, cf. page 32). Regions Delegates Central Switzerland Gregor Bäurle Eastern Switzerland Urs Schönholzer Fribourg/Vaud/Valais Aline Chabloz Geneva/Jura/Neuchâtel Jean-Marc Falter Italian-speaking Switzerland Fabio Bossi Mittelland Roland Scheurer Northwestern Switzerland Daniel Hanimann Zurich Fabian Schnell 28 Quarterly Bulletin 4 / 2020 December Key points • After the strong but only partial economic recovery in the summer, the fourth quarter has been marked by a renewed flare-up of the pandemic, with a corresponding loss of turnover in many industries. • Real turnover, particularly in the services sector, is lower quarter-on-quarter; in manufacturing it is stable. Turnover in both these sectors is substantially lower year-on-year. The differences between industries, but also between companies, are bigger than usual. • Production capacity and infrastructures are substantially underutilised, except in the construction sector. There has been a renewed increase in difficulties in the delivery of goods and services. • Profit margins have again come under more pressure. Companies’ liquidity situation is somewhat tighter than in the previous quarter.
    [Show full text]
  • High Price Island Switzerland? on the Reasons Why Consumer Electronics Are an Exception to the Rule
    Master Thesis High Price Island Switzerland? On the Reasons why Consumer Electronics are an Exception to the Rule by Lara Eggimann Bürgstrasse 1 3700 Spiez Tel. +41/79/342 76 26 Student No.: 08-215-758 supervised by Prof. Dr. Dirk Morschett Chair for International Management Fribourg, June 15, 2017 Table of Contents 1 Table of Contents List of Figures................................................................................IV List of Tables..................................................................................V List of Abbreviations.....................................................................VI 1. Introduction................................................................................1 1.1. Problem Statement.......................................................................................1 1.2. Objective........................................................................................................2 1.3. Procedure......................................................................................................2 I Theoretical Background...........................................................................................3 2. The Theory of Price Determination..........................................3 2.1. Origins of Modern Price Theory..................................................................3 2.2. Porter’s Five Forces Model.........................................................................5 2.3. The Impact of Market Structures on Prices...............................................6
    [Show full text]
  • Facts & Figures 2020
    Facts & fi gures 2020 2 Migros Group Contents Overview 4 Migros Group Organisation 6 History 8 Sales 9 Earnings 10 Retail sales / Market share 11 Investment / Equity 12 Strategic business units Cooperative retailing 14 Commerce 17 Migros-Industry 19 Financial services 20 Travel 20 Shared services 21 Employees Migros as an employer 23 Salary growth 25 Our responsibility Sustainability 27 Health 28 A unique commitment 30 Migros Group 5 Overview With sales of CHF 29.9 billion (2020), the Migros Group is the largest retailer in Switzerland, and around 99 000 employees, it is the country’s largest private-sector employer. Migros is owned by its more than 2 million cooperative members and organised into ten regional cooperatives. These cooperatives operate the core business of the Migros Group: retailing. Migros also owns numerous industrial companies, various commercial, travel and logistics enterprises, as well as Migros Bank. Migros is committed, voluntarily and with conviction, to social and cultural issues. Its primary goal is to improve the quality of life of all of its customers. Migros Group Where Migros comes from, how it is structured and the results it achieved in 2020. 6 Migros Group Migros Group 7 Organisation of the Migros Group Subsidiaries and Cooperative members Cooperatives Federation of Migros Cooperatives (FMC) foundations 2.27 million 10 regional Migros cooperatives, 6 departments Approx.50 enterprises cooperative members each with its own cooperative board and are responsible, with the staff units, for the whole Migros Group. and foundations from various are the owners of Migros. administration, are the bedrock of Migros. The central Migros executive bodies are also located in the FMC.
    [Show full text]
  • Download Die Grössten Unternehmen Im Kanton
    Die grössten Unternehmen in der Schweiz mit Sitz im Kanton Zürich (ausgenommen sind Banken und Versicherungen) Nach Anzahl Beschäftigte (total) 2018 Stand September 2019 Position innerhalb der Anzahl Konsolidierter Firma Hauptsitz Schweiz Beschäftigte Umsatz (in Mio. Branche gemäss 2018 (weltweit) CHF) 2018 Umsatz ABB Ltd. Zürich 15 146'600 27'053 Maschinenindustrie Migros-Konzern Zürich 12 75'542 28'453 Mischkonzern Swissport International AG Glattbrugg 67 65'000 3'454 Dienstleistungen Gategroup Holding AG Kloten 51 43'000 4'940 Gastronomie / Catering Adecco Group AG Glattbrugg 13 34'774 27'566 Temporärarbeit DKSH Holding AG Zürich 24 32'996 11'345 Mischkonzern SR Technics Switzerland AG Kloten 134 30'000 1'400 Dienstleistungen Aryzta AG Zürich 62 18'895 3'968 Nahrungsmittel Dormakaba Holding AG Rümlang 76 15'801 2'841 Elektronik / Elektrotechnik Sulzer AG Winterthur 68 15'572 3'365 Maschinenindustrie Sonova Holding AG Stäfa 78 14'740 2'763 Elektronik / Elektrotechnik Lindt & Sprüngli AG Kilchberg 57 14'570 4'313 Nahrungsmittel Bucher Industries AG Niederweningen 73 13'054 3'065 Maschinenindustrie Autoneum Holding AG Winterthur 93 12'946 2'282 Automobilhandel / -import Barry Callebaut AG Zürich 38 11'000 6'948 Schokoladeindustrie Implenia AG Dietlikon 56 9'781 4'365 Bauunternehmen Hirslanden-Gruppe Zürich 114 9'209 1'735 Gesundheitswesen Emil Frey AG Zürich 98 9'169 2'100 Automobilhandel / -import SV Group AG Dübendorf 228 8'058 790 Gastronomie / Catering Universitätsspital Zürich Zürich 132 7'124 1'445 Gesundheitswesen ISS Schweiz AG
    [Show full text]
  • M18 - Migros Geschäftsbericht 2018
    Ihr persönliches Exemplar M18 - Migros Geschäftsbericht 2018 Weitere Informationen zum Geschäftsbericht finden Sie auf report.migros.ch I 2018 in Kürze 1 II Migros im Überblick 38 Vision, Mission & Strategie 39 ................................................................................................................................................... Kultur, Werte & Führung 43 ................................................................................................................................................... Geschäftsmodell & Geschäftsfelder 46 ................................................................................................................................................... Tochtergesellschaften & Beteiligungen 47 ................................................................................................................................................... Marken, Eigenprodukte & Labels 65 ................................................................................................................................................... Umfeld & Engagement 68 ................................................................................................................................................... Die Migros im Dialog 69 Nachhaltigkeitsmanagement 72 Wertschöpfungsrechnung 76 Kulturprozent & Förderfonds 78 III Lagebericht 2018 82 Mitarbeitende 83 ................................................................................................................................................... Personalkennzahlen
    [Show full text]
  • Swiss Real Snapshot!
    Swiss Real SnapShot! In extra time Current developments in the Swiss real estate investment market Autumn 2017 Content Macroeconomic 04 Overview Office Property 06 Market Retail Property 08 Market Residential Property 10 Market Direct Property 13 Investments Indirect Property 15 Investments New territory for 16 provident institutions – the property share deal Swiss Real SnapShot! 1 2 Swiss Real SnapShot! Introduction Dear Sir or Madam KPMG Swiss Real SnapShot!, published every 6 months, provides you with an overview of the current developments in the Swiss real estate market and its influencing factors. The Swiss real estate market is a heterogeneous and strictly segmented structure. Thus, KPMG Swiss Real SnapShot! limits itself to global observation, without addressing regional deviations in detail. KPMG Real Estate has both, Swiss specific and global expertise in the real estate markets. Our extensive data pools in local markets along with competent and in-depth consultation generate added value for our clients in all areas connected to real estate. Turn to page 18 of KPMG Swiss Real SnapShot! to see what we can do for you and how you can benefit from our services. We wish you a pleasant and informative reading. With kind regards, Ulrich Prien Beat Seger Partner, Head of Real Estate Switzerland Partner, Real Estate M&A Swiss Real SnapShot! 3 In extra time Macroeconomic Overview In the second half of 2017, the global economic cycle was on an upward path. Impetus from abroad has also led to growth in demand for Swiss products and services. The State Secretariat for Economic Affairs (SECO) expects GDP to grow by 0.9% in 2017.
    [Show full text]
  • Swiss Real Snapshot!
    Swiss Real SnapShot! In a quandary Current developments in the Swiss real estate investment market Spring 2017 Content Macro-economic 04 overview 06 Office market 08 Retail market 11 Residential market Direct real estate 12 investments Indirect real estate 13 investments High investment 16 activity founded on low interest rates Swiss Real SnapShot! 1 2 Swiss Real SnapShot! Introduction Dear Sir or Madam KPMG Swiss Real SnapShot!, published every 6 months, provides you with an overview of the current developments in the Swiss real estate market and its influencing factors. The Swiss real estate market is a heterogeneous and strictly segmented structure. Thus, KPMG Swiss Real SnapShot! limits itself to global observation, without addressing regional deviations in detail. KPMG Real Estate has both, Swiss specific and global expertise in the real estate markets. Our extensive data pools in local markets along with competent and in-depth consultation generate added value for our clients in all areas connected to real estate. Turn to page 18 of KPMG Swiss Real SnapShot! to see what we can do for you and how you can benefit from our services. We wish you a pleasant and informative reading. With kind regards, Ulrich Prien Beat Seger Partner, Head of Real Estate Switzerland Partner, Real Estate M&A The KPMG Real Snapshot! is also available for Europe, Asia and the Americas. Contact us if you would like to learn more about the global real estate markets. Download publications: www.kpmg.com/Global/en/industry/real-estate Swiss Real SnapShot! 3 In a quandary Macroeconomic Overview After slowing down in 2015, the Swiss economy developed better than expected in 2016, despite a disappointing final quarter.
    [Show full text]
  • Dealer-List OLED Android TV Sky Sport OLED Promo
    Dealer-List OLED Android TV Sky Sport OLED Promo 55OLED804 / 65OLED804 / 65OLED854 / 65OLED854 / 55OLED934 / 65 OLED934 / 65OLED984 Retailer Name Adress PLZ City Fust Place Centrale 1 1003 Lausanne Fust Rue Des Terraux 25 1003 Lausanne Fust Rue Du Pont 5 1003 Lausanne Interdiscount 10 Place De La Gare 1003 Lausanne Interdiscount 1 Place Bel-air 1003 Lausanne Interdiscount Coop City Au Centre Rue St Laurent 1003 Lausanne Melectronics Rue des Terreaux 25 1003 Lausanne Digitec Galaxus AG Rue du Grand-Pré 2B 1007 Lausanne Interdiscount Route De Cossonay 28 1008 Prilly Brack Avenue des Baumettes 9 1020 Renens Steg Rue De Lausanne 71-73 1020 Renens Fust Rue De Morges 17 1023 Crissier Interdiscount Cc Léman-centre Chemin De Saugy 1 1023 Crissier Mediamarkt Rue de Morges 13 1023 Crissier Melectronics Chemin du Closalet 7 1023 Crissier Fust Chemin Du Croset 7 1024 Ecublens Sat Tv Services Sa Chemin De La Sauge 5 1030 Bussigny-Lausanne Fust Chemin Du Marais 8 1032 Romanel-s-lausanne Melectronics En Félezin 1032 Romanel-s-Lausanne Interdiscount Rue Des Fossés 10 1110 Morges TV Kaltenrieder rue de la Gare 39 1110 Morges Fust Rte De Buchillon 1163 Etoy Melectronics Route de Noyer-Girod 3 1163 Etoy Interdiscount Route De La Gare Littoral Centre 1165 Allaman Fust Place Cornavin 1201 Genève Interdiscount Cc 20 Rue De Lausanne 1201 Genève Digitec Galaxus AG Rue de Lausanne 72 1202 Genève Fust Prom De L Europe 1203 Genève Interdiscount 11 Promenade De L Europe 1203 Genève Fust Rue Du Rhône 50 1204 Genève-centre Fust Rue De Rive 3 1204 Genève Interdiscount
    [Show full text]
  • Social Entrepreneurship in Switzerland Market Analysis of the Potential for Social Donation Business Models in the Swiss FMCG Market
    Bachelor’s Thesis Social Entrepreneurship in Switzerland Market Analysis of the Potential for Social Donation Business Models in the Swiss FMCG Market ZHAW Zurich University of Applied Sciences School of Management and Law International Management submitted by: Joshua Levie, S15534910 submitted to: Dr. Benjamin Graziano Winterthur, May 24, 2018 Management Summary Historically, non-profit organizations have been filling the voids of market failures. In recent years however, the increasingly popular social enterprises with new innovative business models have adopted this role instead. Around the world, a growing number of firms with social donation business models have emerged in various industries; among them the fast-moving consumer goods (FMCG) industry. Firms that donate their profits to social causes related to their field have become trendy. This is not the case in Switzerland, where such social enterprises still seem to be relatively rare. Although the Swiss are said to be world leaders with regards to fair-trade consumption, little research has explored the reasons for the absence of these firms and their potential in the Swiss market. The purpose of this study is to understand the potential for social donation business models in the Swiss FMCG market. In order to obtain valuable insights, mixed methods research with a focus on the key market participants, namely social enterprises, FMCG retailers and consumers, was undertaken. Existing literature on social entrepreneurship was investigated prior to analyzing the market dynamics. While social enterprises and retailers were interviewed, a survey was conducted to capture the interest of potential consumers. Considering all limitations faced, this study suggests that roughly 11% of the Swiss population is highly inclined to social enterprises with a donation business model, and 28% of the population is moderately inclined.
    [Show full text]
  • Facts & Figures 2019
    Facts & figures 2019 2 Migros Group Contents Overview 4 Migros Group Organisation 6 History 8 Sales 9 Earnings 10 Retail sales / Market share 11 Investments / Equity 12 Strategic business units Cooperative retailing 14 Commerce 17 Industry & wholesaling 19 Financial services 20 Travel 20 Shared services 21 Employees Migros as employer 23 Salary growth 25 Our responsibility Sustainability 27 Health 28 Voluntary social responsibility 30 Migros Group 5 Overview With sales of CHF 28.7 billion (2019), the Migros Group is Switzerland’s largest retailer, and with over 106 000 employees, it is also Switzerland’s largest private employer. Migros is owned by its more than 2 million cooperative members, organised into ten regional cooperatives. These cooperatives operate the core business of Migros Group, retailing. Migros also owns numerous industrial companies, various commercial, travel and logistics enterprises, as well as Migros Bank. Migros is committed, willingly and with conviction, to social and cultural issues. Its primary goal is to improve the quality of life of all of its customers. Migros Group Where Migros comes from, how it is structured, and the results it achieved in 2019. 6 Migros Group Migros Group 7 Organisation of the Migros Group Subsidiaries and Cooperative members Cooperatives Federation of Migros Cooperatives (FMC) foundations 2.24 million 10 regional Migros cooperatives, 6 departments approx.50 enterprises cooperative members each with its own Cooperative Council and are responsible, with the staff units, for the whole Migros Group. and foundations from various are the owners of Migros. Board of Directors, are the bedrock of Migros. The central Migros executive bodies are also located in the FMC.
    [Show full text]
  • Dealer-List TV Amblight Hue Promo
    Dealer‐List TV Amblight Hue Promo 55OLED803 / 65OLED803 Retailer Name Adress PLZ City Manor Rue Pichard 3 1002 Lausanne Art Computer Sa Place Centrale 1 1003 Lausanne Melectronics Rue des Terreaux 25 1003 Lausanne Fust Place Centrale 1 1003 Lausanne Fust Rue Du Pont 5 1003 Lausanne Fust Rue Des Terraux 25 1003 Lausanne Interdiscount 10 Place De La Gare 1003 Lausanne Interdiscount Coop City Au Centrerue Stlaurent 1003 Lausanne Interdiscount 1 Place Bel‐air 1003 Lausanne Digitec Galaxus AG Rue du Grand‐Pré 2B 1007 Lausanne Interdiscount Route De Cossonay 28 1008 Prilly Concept Diffusion Sàrl Route Aloys‐Fauquez 1018 Lausanne Melectronics Chemin du Closalet 7 1023 Crissier Fust Rue De Morges 17 1023 Crissier Interdiscount Cc Léman‐centre Chemin De Saugy 1 1023 Crissier Mediamarkt Rue de Morges 13 1023 Crissier Conforama Route de Genève 5 1030 Bussigny Sat TV Service SA Chemin de la Sauge 5 1030 Bussigny Melectronics En Félezin 1032 Romanel‐s‐Lausanne Fust Chemin Du Marais 8 1032 Romanel‐s‐lausanne Interdiscount Rue Des Fossés 10 1110 Morges Manor Grand‐Rue 46 1110 Morges Melectronics Route de Noyer‐Girod 3 1163 Etoy Interdiscount Route De La Gare Littoral Centre 1165 Allaman Art Computer Sa Rue De Coutance 3 1201 Genève Fust Place Cornavin 1201 Genève Interdiscount Cc 20 Rue De Lausanne 1201 Genève Manor Rue Cornavin 6 1201 Genf Digitec Galaxus AG Rue de Lausanne 72 1202 Genève Fust Promde L Europe 1203 Genève Interdiscount 11 Promenade De Leurope 1203 Genève Fust Rue De Rive 3 1204 Genève Interdiscount Rue De La Croix‐dor 4 1204 Genève Interdiscount 46 Rue De Carouge 1205 Genève Keck Genève Rue de la Mairie 3 1207 Genève Interdiscount Rue Jargonnant 5 1207 Genève Melectronics Avenue Louis‐Casaï 27 1211 Genève 28 Interdiscount 171 Route De Meyrin 1214 Vernier Conforama Rue des Entreprises 14 1217 Meyrin Fust Ch De Riantbosson 13 1217 Meyrin Interdiscount Avenue De Feuillasse 24 1217 Meyrin Mediamarkt Ch.
    [Show full text]