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IKEA Group net profit FY09 up 11,3% to €2.5 billion
[National]  - IKEA Group releases first Yearly Summary. Despite the difficult external conditions, the IKEA Group sales for FY2009* increased by 1.4 % to21.8 billion Euro. The net profit increased by 11,3 % to €2.5 billion, compared to the previousfiscal year.
The main part of the profit was re-invested in existing, relocated and new IKEAstores, as well as in factories and retail centres.

"Good profitability is needed to carry out our extensive growth program on existing as well asnew markets, to give more people access to the IKEA range. Sustained profitability is alsoenabling us, through IKEA Social Initiative, to finance a number of Social projects that e.g. soonwill have benefited 100 million children”, says IKEA Group President and CEO Mikael Ohlsson.

During FY2010 sales grew by 7.7% to €23.1 billion. The profit level of FY2010 will be published ata later date.

Today, the IKEA Group has released its first Yearly Summary. It covers the FY2009 andcomments also on figures and developments for FY2010. The Yearly Summary, called“Welcome inside”, is available as a pdf (in English) below.

“The INGKA Holding Supervisory board decided in December 2009 to, on yearly basis, present asummary with comments on our financial results and the most important developments. TheYearly Summary is aimed at our co-workers and suppliers as well as other stakeholders, whohave shown an increasing interest in knowing more about different parts of IKEA.” says MikaelOhlsson.

*The fiscal year of IKEA runs from September 1 to August 31

For further information, please contact the UK and Ireland press office at:
Telephone: 02082332378

100 million.

Estimated number of children the IKEA social projects in partnership with UNICEF, UNDP and Save the Children will have benefited by the end of 2015.

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