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IKEA’s annual profit sees 20-percent increase due to sales growth

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IKEA’s annual profit sees 20-percent increase due to sales growth

Swedish IKEA, which owns the world's largest chain of stores of furniture and home goods, increased its net profit during the past fiscal year by 20% due to grow in sales in almost all countries, where it is represented.


The company’s net profit for the fiscal year ended on August 31, amounted to 4.2 billion euro, compared to 3.5 billion euro a year earlier.

Revenue grew by 7.4% to a record in the company's history of 35.07 billion euro, compared to 32,66 billion euro in the previous year. Over the course of the year, the company opened 12 stores and 19 points of orders and delivery of purchases.

The increase in sales was recorded in 27 out of 28 markets, in which IKEA is on the market.

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