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
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