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IKEA's profit rises despite revenue hit from price cuts

Inter IKEA, the owner of the world's biggest furniture brand, reported higher profits for 2024 thanks to lower interest payments, despite a sharp decline in revenues after it cut prices across its range of products like BILLY bookcases.

Business • 08 Nov 24

Inter IKEA said it saw 'a fantastic pick-up' in the months from June to August

Pandemic home improvement trend helps boost IKEA owner

The owner of furniture brand IKEA accelerated profit growth in the 12 months up to August as shoppers kept at home by the pandemic spent more on furnishing, and as lower wood prices helped to boost margins.

Business • 03 Nov 20

Retail sales, of products and services at all 445 IKEA stores and online, came in at €39.6 billion for the 2019-2020 year

IKEA eyes return to growth this year as sales down 4%

Retail sales at IKEA, the world's biggest furniture group, shrank 4% in the year to the end of August as demand recovered quickly from a slump caused by Covid-19, brand owner and franchisor Inter IKEA said today.

Business • 06 Oct 20

IKEA announces €200m investment in green initiatives

IKEA to invest €200m in race to turn 'climate positive'

IKEA, the world's biggest furniture group, said today it would spend around €100m on supporting its direct suppliers in moving over to renewable energy.

Business • 27 Nov 19

IKEA is investing heavily in adapting to new shopping habits and online competition

IKEA's annual online sales surge 43%

IKEA reported annual sales above €40 billion for the first time today as the Swedish furniture group's push into e-commerce produced another surge in online revenue.

Business • 25 Sep 19

The world's largest furniture retailer saw total sales of goods and services reach €38.8 billion during the 12 months to August.

Online shopping surge helps lift IKEA's full-year sales

Sales at IKEA furniture stores rose 4.5% in the fiscal year to August, helped by new store openings and rising online sales, franchisor Inter IKEA said today.

Business • 10 Oct 18

The European Commission said it was looking into two tax rulings for Inter Ikea, one of the groups operating the Ikea business

EU regulators open probe into Ikea's Dutch tax deals

EU state aid regulators will investigate whether Swedish furniture retailer Ikea's tax arrangement with Dutch tax authorities helped cut its tax bill.

Business • 18 Dec 17

IKEA Group reports an operating profit of €3 billion for its fiscal year to August

IKEA Group posts annual operating profit of €3 billion

IKEA Group, which owns most IKEA budget furniture stores, today reported an operating profit of €3 billion for its fiscal year to August.

Business • 28 Nov 17

Inter IKEA