ABOUT THE IKEA GROUP

Welcome inside our company

Dive into life at home, financial results and get to know who we are in IKEA Group Yearly Summary 2017.
We are a value-driven company with a passion for life at home. Every product we create is our idea for making home a better place. At the IKEA Group, we have 355 stores in 29 countries*.
* As of August 31, 2017
Read IKEA Group Yearly Summary 2017
ABOUT THE IKEA GROUP: Business concept | Sustainable growth | Key figures | Ownership & structure
BUSINESS CONCEPT
Vision and business idea
“To create a better everyday life for the many people”, this is the IKEA vision. Our business idea is “to offer 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”.
We work hard to achieve quality at affordable prices for our customers through optimising our entire value chain, by building long-term supplier relationships, investing in highly automated production and producing large volumes. Our vision also goes beyond home furnishing. We want to create a better everyday for all people impacted by our business.
A young girl sitting in a swing, in the living room, with a gym mat underneath.
ABOUT THE IKEA GROUP: Business concept | Sustainable growth | Key figures | Ownership & structure
SUSTAINABLE GROWTH
Investing for the future
“To create a better everyday life for the many people”, this is the IKEA vision. The main financial principle of the IKEA Group is to grow by using our own resources. In other words, we earn our money before we spend it. This makes it possible for us to make long-term investments for the future.
The IKEA vision is the foundation for our growth. We want to make sure that IKEA is accessible, so that more people can create a better everyday life at home. We re-invest a majority of our profits in existing and new IKEA stores, as well as in product development, sustainable solutions and by continuously lowering prices to our customers.
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President and CEO Peter Agnefjäll talks about how IKEA Group plans to grow and develop.
3 growth areas
GROWTH AREAS
Two LAMPAN table lamps with one without it's lampshade.
Quality products at low prices
To reach many people, our products must be of good quality and affordable. We design with our customers’ needs in mind. Read about our process in Democratic Design
Father cooking at kitchen island. Daughter sat on a bench built into the island.
People & Planet Positive
We are working towards having an overall positive impact on both people and the planet while we continue to grow. See more in People & Planet
A photo collage of different IKEA co-workers.
When people grow, IKEA grows too
Our co-workers are essential for our continued growth. We see every person as a talent with the possibility to develop. Find out more in Working at the IKEA Group
ABOUT THE IKEA GROUP: Business concept | Sustainable growth | Key figures | Ownership & structure
Explore the key figures of IKEA Group, at a glance FY17.
KEY FIGURES
IKEA Group
at a glance FY17

Ingka Holding B.V. and its controlled entities
2.1
billion visits to IKEA.com
137
million visits
to the catalogue
& store apps
355
IKEA stores in 29 IKEA Group countries
At the end of FY17 we also had 24 Pick-up and Order Points in 12 countries, 43 Shopping Centres in 15 countries, 31 Store Distribution sites in 18 countries and 26 Customer Distribution sites in
13 countries.
149,000
co-workers
Retail: 134,400
Distribution: 9,100
Shopping Centres: 2,100
Other: 3,400
85
million LED
bulbs sold
If each bulb replaced an incandescent bulb, they could save enough energy to power 750 000 households for a year. This calculation is based on the electricity consumption of an average European household.
100%
of cotton used for IKEA products
comes from more sustainable sources1.
EUR 1.8
billion Total
Food turnover
Total food turnover within our restaurants, bistros, Swedish Food Markets, and co-worker restaurants.
49.2%
female
managers
Today, more than half of our co-workers are women, as are 49% of our managers and 53%2 of Group Management.
1 Includes cotton grown to the Better Cotton Standard; by farmers working towards Better Cotton; recycled cotton and more sustainable cotton from the USA (such as the ‘e3 Cotton Program’).
2 This number has changed for FY17 due to new management structure.
Download the full report for a more detailed overview of what happened in FY17.
ABOUT THE IKEA GROUP: Business concept | Sustainable growth | Key figures | Ownership & structure
OWNERSHIP & STRUCTURE
Ownership structure
The IKEA Group of companies (Ingka Holding B.V. and its controlled entities) has an ownership structure that ensures independence and a long-term approach. Stichting Ingka Foundation in the Netherlands is our owner, and its funds can be used in only two ways: it can be reinvested in the IKEA Group or donated for charitable purposes through the Stichting IKEA Foundation.
Structure overview
Alt
Stitching Ingka Foundation
Owner of the IKEA Group
The IKEA Group
(Ingka Holding B.V. and its controlled entities)
Stitching IKEA Foundation
Charity
Management of financial assets
Stitching IMAS Foundation
Alt
The IKEA Group
(Ingka Holding B.V. and its controlled entities)
President and CEO: Jesper Brodin
Commercial
IKEA Business Solutions
Chairman of the Supervisory Board: Lars-Johan Jarnheimer
CUSTOMER FULFILMENT
SERVICE FUNCTIONS
CENTRES
RETAIL
GROUP FUNCTIONS
Corporate Communications
People & Culture
Marketing &
Com&In
Sustainability
Customer
Experience
Expansion
Business Navigation
& Finance
Corporate Finance, Tax & Treasury
Legal & Governance
Property
Risk Management
& Compliance
FINANCIAL ASSET MANAGEMENT
ABOUT THE IKEA GROUP: Business concept | Sustainable growth | Key figures | Organisation
ORGANISATION
Our Group management
IKEA Group management
Left to right
Claudia Willvonseder, Marketing and Com&In
Mikael Palmquist, Retail Region Asia Pacific
Giny Boer, Retail Region South & East Europe
Juvencio Maeztu, Sustainability
Marcus Baumgartner, Customer Fulfilment
Petra Hesser, Development & Expansion
Alistair Davidson, CFO
Jesper Brodin, CEO & President
Michael Ward, Retail Region North America & Scandinavia
Gerard Groener, Centres
Olivia Ross Wilson, /b>Corporate Communications
Doris Lan, CEO Assistant
Stefan Sjöstrand, Commerical
Ulrika Biesèrt, Human Resources
Jeanette Söderberg (not pictured), Retail Region Central & West Europe
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PEOPLE & PLANET
For a sustainable future
We have a strong tradition of working with sustainability. Find out more information in our People & Planet section. Visit People & Planet
A photo of IKEA recycling solutions
NEWSROOM
Latest news
Get the latest news about IKEA, as well as download in-depth reports and information. Visit our Newsroom