Ikea Group’s net income landed at 3.5 billion EUR for the fiscal year 2015th.
Most of the growth is from comparable stores, but also new stores and continued development of e-commerce has contributed to the result. Although growth is evenly distributed across most markets, Germany shows record growth while southern Europe is a positive development.
The North American market continues to go well and the newest market, South Korea, shows better sales than expected.
Total sales increased by 11.2 percent(adjusted for currency effects) to 31.9 billion EUR compared with the previous year.
Together with rental income from shopping center operations, total revenue is 32.7 billion (+ 11.5%). Large investments have been made during the year to tackle climate change, an example is the move to 100% LED lighting throughout the range.
”We have a good year behind us as we made significant investments in sustainability, improve the offering to our clients and to be more accessible,” says Peter Agnefjäll, President and CEO of the IKEA Group.
The continued growth allows for the IKEA Group to strengthen its core business in the existing department stores, e-commerce, but also through new store formats to meet customer needs. Furthermore, considerable investments in renewable energy and in products that enable more people to live a more sustainable life at home.
”The focus on climate change is a driver of innovation and an opportunity to make our business even better. I am especially proud that we in the last year has sold more than 90 million lamps and luminaires with LED technology. This means not only lower costs for millions of households, but also significant energy savings,” says Peter Agnefjäll, President and CEO of the IKEA Group.
In fiscal year 2015 105 million euros was allocated to the loyalty program Thanks! as a way to show appreciation to employees for their efforts and loyalty.