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Company Information

Welcome inside our company

Dive into life at home, financial results and get to know who we are in IKEA Group Yearly Summary 2020.

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 INGKA Group, we have 374 stores in 30 countries*.
* As of 2020

In 2020, we proudly helped Canadians create a better everyday life at home when it mattered most. To learn more about IKEA Canada, including business operations, community initiatives, sustainability commitments and future plans for transformation, visit the IKEA Canada 2020 Summary Report.

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 optimizing 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.

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.

Residents in Hamburg can just walk in off the high street to visit the IKEA store.

Three 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.

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.

A photo 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.

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.

Our Group Management

Ingka Group Management Board permanent invitees

Jesper Brodin is CEO of the Ingka Group Management Board

Jesper Brodin
Management Board Member

Juvencio Maeztu is CFO and Deputy CEO of the Ingka Group Management Board

Juvencio Maeztu
CFO & Deputy CEO
Management Board Member

Kurt-Jörgen Olsson is General Counsel and Corporate Secretary of the Ingka Group Management Board

Kurt-Jörgen Olsson
General Counsel,
Corporate Secretary Permanent Invitee

Ulrika Biesert is People and Culture Manager of the Ingka Group Management Board.

Ulrika Biesert
People & Culture Manager
Permanent Invitee

Olivia Ross Wilson is Communication Manager of the Ingka Group Management Board.

Olivia Ross-Wilson
Communication Manager
Permanent Invitee

Doris Lan is CEO Assistant of the Ingka Group Management Board.

Doris Lan
CEO Assistant
Permanent Invitee

Leaders invited on a regular basis

Gerard Groener, Centres
Barbara Martin Coppola, Digital
Krister Mattsson, Investments
Davide Urani, Strategy, Process & Organizational Design
Tolga Öncu, Retail Operations