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FY 2014: The IKEA Group continues to grow and enable more customers to live a sustainable life at home

FY 2014: The IKEA Group continues to grow and enable more customers to live a sustainable life at home

“FY14 was a good year for IKEA. I am happy to see increased growth in all our sales channels; in existing stores, in the opening of new stores and in e-commerce. We reached some important milestones towards becoming energy independent and saw a 58% increase in the sales value of products that enable people to live a more sustainable life at home. Sustainability is an integral part of our business strategy”, says President and CEO Peter Agnefjäll.

Total sales increased by 5.9% (adjusted for currency impact) from last year to EUR 28.7 billion. Together with the rental income from the shopping centre business, total revenue amounted to EUR 29.3 billion (+2.8%). The IKEA Group gained market share in almost all markets and entered a new country – Croatia. The largest markets in terms of sales were Germany, US, France, Russia and the UK.

“We have an ambitious growth agenda and at the same time we’re determined to have a positive impact on people and the planet. Our size gives us a unique opportunity to make a difference and contribute to positive change in society, for instance by making energy-efficient lighting both affordable and attractive for millions of people”, continues Peter Agnefjäll.

Within its own operations, the IKEA Group produced renewable energy equivalent to 42% of the total energy consumed and aims by the end of 2015 to have invested and committed to invest EUR 1.5 billion in renewable energy projects, mainly offsite wind farms and photovoltaic (PV) panels.

In FY14, EUR 200 million were set aside to a new loyalty programme Tack! and the amount for the One IKEA Bonus Program was increased by EUR 98 million, as a thank you to our co-workers.

“A key factor to our strong performance is that we have a long-term view, and don’t aim to maximise short-term profits. We strive to continuously create better products at lower prices to our customers and to make substantial investments in our future ”, says Peter Agnefjäll.

For further information please contact:

Kym Beggs
IKEA Press Office
Media.Lounge.UK@IKEA.com
0845 225 7126

About IKEA Group
The IKEA vision is to create a better everyday life for the many people. Our business idea supports this vision by offering a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them. The IKEA Group with 147 000 co-workers, has 318 stores in 28 markets and operations in 43 countries. E-commerce is offered in 13 markets. There are more than 40 stores run by franchisees outside the IKEA Group. For more information, please visit www.IKEA.com