Solid growth and accelerated investments as life at home is more important than ever
Ingka Group today reported total revenue of EUR 39.8 billion (EUR 37.4 billion FY20) in FY21 across its three business areas (IKEA Retail, Ingka Investments and Ingka Centres). Despite the challenges presented by the pandemic, the company has continued to accelerate investments in being more accessible, more affordable, and sustainable to better meet the changing needs and dreams of its customers.In another disruptive year, when IKEA stores had to close for even more days than in FY20, Ingka Group achieved a EUR 1.6 billion (EUR 1.2 billion FY20) net profit. Capital expenditure amounted
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