IKEA grows and creates new jobs in tough economic climate
Net profit FY11 up 10.3% to €2.97 billionIKEA Group total sales grew by 6.9% to €24.7 billion in FY11. The revenue, including sales and rental income from commercial property, amounts to €25.2 billion. Net profit increased by 10.3% to €2.97 billion thanks to increasing sales and improvements in the cost structure. In spite of increased raw material costs, IKEA lowered prices to customers by 2.6% while the quality of products improved. “Today, when nations and people face economic challenges, IKEA is more relevant than ever. We are committed to creating a better everyday life at home by