EU: Profit increase Migros in 2013

Despite a difficult situation, Migros Basel was able to keep their turnover stable in the previous year. Their profit even grew with three million Swiss franc (2.46 million Euro) up to 22.6 million Swiss francs (18.5 million Euro). The amount of sales however decreased with 0.3 percent. Reports the Swiss newspaper 'bz Basel' on their website. Namely the supermarkets were developing themselves extremely positively. Announced the co-operation during a press conference.

Despite the purchasing tourism and price erosion Migros Basel has achieved the best results of the last decade. Reported Director Stefano Patrignani to the media last week. In the Northwest of Switzerland Migros Basel obtained a turnover of 938.5 million Swiss francs (768 million Euro) which means a sales decrease of 0.3 percent. In addition the amount of sales locations and sales areas stayed stable compared to last year. Migros Basel consists of 70 shops and 7 restaurants.

The turnover of the supermarkets showed a realistic growth of 0.4 percent. In retail this is a significant increase. On the other hand, sales for gastronomy and speciality stores decreased due to weather conditions and renovations. The operative result (EBIT) of the Migros Basel grew from 29.2 to 32.5 million Swiss francs (26.6 million Euro) and this is not at the expense of the staff. As it happens the number of full-time jobs increased from 2475 to 2513.