IKEA Group profit and turnover up 3 %

27.9 billion euro turnover

IKEA Group’s fiscal year 2013 ended on 31 August and had an increased profit (reaching 3.3 billion
euro) and turnover (to 27.9 billion euro). If you add the rental worth of
the shopping centres IKEA Group has, the total turnover reached 28.5 billion
euro. That is what the group has stated in its yearly summary. 

“Consumer
spending is improving in many countries”, president and CEO Peter Agnefjäll
said. “While the challenging economic situation may not be over, there are positive signs. Important
consumer markets such as the US are coming back and Europe in general is starting to recover. Even some of the
challenging markets in Southern Europe
are showing good signs of activity.”

Larger market share

IKEA Group has managed to enlarge its market share in pretty much every
market, according to the company itself. Germany,
the United States, France, Russia and Sweden are the largest markets. 

“This indicates that value for money is
increasingly important”, he said,
referring to the success of sustainable products. “For example, customers
bought more than 22 million LED products in FY13 alone, saving them energy and
money.”

IKEA has opened 5 new stores in its
previous fiscal year: two in China (Ningbo and Shanghai) and one in Spain
(Barcelona), Sweden (Uddevalla) and Canada (Winnipeg). 

“Keep growing”

The CEO confirmed its ambitious growth plans
once again, to reach a 50 billion euro turnover in 2020, despite some confusion
recently surrounding these plans.

“We have a long-term focus. We’ll keep developing better products at lower prices, improving the shopping experience and becoming more accessible to our customers, for example through an improved service offer, e-commerce and
continued expansion”, Agnefjäll emphasized.

“Our ownership structure and sound financial
principles give us independence and the possibility to grow in a balanced and sustainable
way”, he concluded.