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The IKEA group is growing and financially strong

The IKEA group is growing and financially strong

“The IKEA business idea is more relevant than ever. People around the world are more value conscious and appreciate beautifully designed and functional home furnishing solutions at affordable prices. In FY12, we managed to grow in most markets. The markets where we grew the most were China, Russia and Poland, closely followed by the US and Germany. We opened 11 new stores and welcomed 8,000 more co-workers”, says Mikael Ohlsson, President and CEO of the IKEA Group.

Today, the IKEA Group has 139,000 co-workers, and 47% of all managers are women.

Profits were reinvested in new and existing stores, more than 2,000 inspiring products, new and better services, and in e-commerce. Considerable investments were also made in renewable energy. Today, IKEA produces renewable energy equivalent to a third of its total energy consumption.

“We believe in sustainable growth, by expanding from our own resources, making long-term decisions and growing within the limits of the planet”, says Mikael Ohlsson.

During FY12, the IKEA Group released a new sustainability strategy, People & Planet Positive. The strategy is an integrated part of the business and outlines new goals and actions for delivery up to 2020. We committed to invest €1.5 billion in renewable energy. Strong progress within sustainability is presented in the IKEA Group Sustainability report FY12, released today.

In 2012, the IKEA Foundation increased its donations to €82 million to improve opportunities for children and young people in the developing world.

The IKEA Group Yearly Summary FY12, the IKEA Group Sustainability Report FY12 and People & Planet Positive strategy are available here.

*At IKEA, fiscal year 2012 (FY12) runs from September 1, 2011, to August 31, 2012.
For further information, please contact IKEA UK Press Office:
Lewis Marshall or Lois Blenkinsop, Media.lounge.uk@ikea.com - 0845 225 7126