Inter IKEA Group announces total revenues of EUR 26.3 billion for financial year 2025 (FY25) compared to EUR 26.5 billion in FY24. Sales volumes are up while gross margin is back to normal levels, following the continued effect of wholesale price decreases in FY24. This planned development supports the IKEA affordability ambitions.
After 20 years at IKEA – including leading the IKEA Franchisor from 2018 and CEO of Inter IKEA Group since 2020 – Jon Abrahamsson Ring is handing over to Jakub Jankowski, currently Managing Director for IKEA Industry. Jakub will step into the role as CEO of Inter IKEA Group on 1 January 2026.
The seller is CapMan Natural Capital, exiting assets from its Dasos Timberland Fund II. The acquisition is expected to close during the first half of the calendar year 2026, subject to regulatory approvals.
“This investment further strengthens our commitment to responsible forest management and locally sourced raw materials. By managing forestland responsibly and increasing regional wood processing in the Baltics, we aim to support local economies, collaborate with communities, and maintain healthy forests for generations to come,” says Bruno Mariani Piana, Global Forest Investments Manager at Inter IKEA Group.
The acquired land, totaling approximately 24,000 hectares, is situated in various parts of Latvia and Lithuania. The acquisition will secure long-term access to responsibly sourced wood materials for regional suppliers and sub-suppliers, creating better opportunities for future growth. In addition, the acquisition provides an opportunity to explore how innovative forest management practices can enhance climate resilience and biodiversity.
Earlier this year, Inter IKEA Group and Ingka Group (the largest IKEA retailer) announced a research collaboration with the European Forest Institute (EFI) and Preferred by Nature. The project tests practices such as closer-to-nature and continuous-cover forestry to improve climate resilience and minimize biodiversity impacts, with the intention of scaling proven methods across forests owned by entities under the IKEA brand and in the wider supply chain. These practices will be implemented in the newly acquired forestland.
"Owning forestland allows us to drive projects promoting responsible forest management, such as climate- and biodiversity-smart forestry. This is a part of our commitment to invest in further development of responsible forest management to make it an industry norm. It gives us the chance to explore and demonstrate innovative forest management practices in the years ahead," says Mikhail Tarasov, Global Head of Forestry at Inter IKEA Group.
For all wood used in the IKEA supply chain, Inter IKEA Group will apply strict requirements to secure responsible forest management practices on the acquired land, ensuring that the forest management is FSC-certified and complies with IWAY standards, which is the code of conduct applicable to all IKEA suppliers.
Read more here:
How does IKEA make sure its wood is responsibly sourced? – IKEA Global
IKEA allocates 16,000 hectares of forests - IKEA Global