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FY 2013: A good year for the IKEA Group – consumer spending is recovering in many markets

FY 2013: A good year for the IKEA Group – consumer spending is recovering in many markets

“Consumer spending is improving in many countries. While the challenging economic situation may not be over, there are positive signs. Important consumer markets such as the US are coming back and Europe in general is starting to recover. Even some of the challenging markets in Southern Europe are showing good signs of activity”, says President and CEO Peter Agnefjäll.

Sales increased by 3.1% from last year to EUR 27.9 billion and the IKEA Group gained market share in almost all markets. Together with the rental income from our shopping centres, the total revenues amounted to EUR 28.5 billion (+3.2%). The largest markets were Germany, the US, France, Russia and Sweden.

“This indicates that value for money is increasingly important. I’m especially happy to see customers embracing our range of products designed to help them live a more sustainable life at home. For example, customers bought more than 22 million LED products in FY13 alone, saving them energy and money”, continues Peter Agnefjäll.

The IKEA Group has an ambitious growth agenda, aiming for EUR 50 billion in sales by 2020. The large emerging markets are important sources of future growth. In FY13, the IKEA Group opened two more stores in China – another step in the expansion on the Chinese market.

“We have a long-term focus. We’ll keep developing better products at lower prices, improving the shopping experience and becoming more accessible to our customers, for example through an improved service offer, e-commerce and continued expansion. Our ownership structure and sound financial principles give us independence and the possibility to grow in a balanced and sustainable way”, says Peter Agnefjäll.

FY13 = Financial year 2013 encompasses the period between September 1, 2012, to August 31, 2013.
The IKEA Group Yearly Summary FY13 and the IKEA Group Sustainability Report FY13 are available on www.ikea.com