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Record growth for Ikea, profits +8% in the fiscal year

The 2011-2012 of the Swedish furniture giant ends with profits growing by 8% to 3,2 billion and turnover increasing by 9,8% to 27,6 billion – For Ikea it is the fastest rate of expansion since 2005 -2006.

Record growth for Ikea, profits +8% in the fiscal year

It closes on a positive note the 2011-2012 of Ikea, which in the fiscal year ended at the end of August recorded an increase in net profits of 8%, to 3,202 billion, while total turnover grew by 9,8% to 27,6 billion euros. This was announced in a press release by the Swedish furniture giant, which claims, despite a weak general economic context, to have recorded the highest expansion rates since 2005-2006.

The group's securities and cash assets also showed growth, +6% to 17,9 billion euro. Europe remains Ikea's first market, with 70% of turnover. North America, Asia and Australia follow. In all, the employees of the Swedish group, spread across 26 countries, are 139.

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