Ikea has recorded a total turnover of 41.300 billion euros at the end of its fiscal year, ending in August, which is equivalent to an increase of 6.5% compared to the previous year, as reported in a statement.
The income of Ingka Group, owner of the brand and 374 of the 433 Ikea stores throughout the group, stood at 36.700 billion euros, which corresponds to an increase of 5%. The remaining stores, operated under franchise, distributed the remaining 4.6 billion euros of turnover.
“While we are going through one of the biggest transformations in our history, we have maintained a solid performance in all our business segments,” explained the group’s CEO, Jesper Brodin.
Ingka Group has attributed its growth due to the opening of new stores, to the “strengthening” of the home delivery network and to the “acceleration” of investments in renewable energy and digital development.
In this sense, Ikea’s online order grew by 46% in the fiscal year, representing 11% of total sales, equivalent to more than 4 billion euros.
In the year as a whole, the Ikea website received 2.600 billion unique visitors, while 839 million customers passed through the physical stores.
“Our future success depends on our ability to make a positive impact on people and the planet, which is why we are integrating sustainability into every aspect of our operations,” Brodin added.