SWEDEN - For FY2016, IKEA Group total sales amounted to EUR 34.2 billion (USD 37.6 billion), increasing by 7.1% against the previous year. Adjusted for currency impact, total sales increased by +7.9% and same store sales (sss) grew by 4.8%.

“IKEA Group had another good year and welcomed 783 million visits to our stores. In all of our meetings with the customers, we want to provide good quality products and inspiration for creating beautiful homes. Last year’s focus on the theme ‘It starts with the Food’, covering kitchen, cooking, eating, and the food-business, was a strong success and appreciated by the customers”, says Peter Agnefjäll, President and CEO of IKEA Group.

During the FY2016 IKEA Group opened 12 new stores, and 19 Pick up and Order points. China remains one of the fastest growing markets for IKEA Group, together with Australia, Canada and Poland. Germany, retained its position as the largest market, closely followed by the US, and showed another year of record growth. Expansion also continued at pace and plans are on track to open the first stores in India and Serbia during the coming year.

“In the coming year we will put even more effort in providing a great IKEA-experience for visitors across all channels. These efforts are only made possible by the engaged co-workers who have, as always, done an amazing job during the year”, concludes Peter Agnefjäll.

The IKEA Group to date operates 315 stores and 22 Pick up and Order points in 28 countries. Founded in 1943 in Sweden, by the end of the last period IKEA had 135.000 employees y received more than 783 million visits to its stores and more than 2.100 million visits to its webpage, http://www.ikea.com/.

IKEA Total Revenue

Source: Ikea