Inter IKEA Group performance
Inter IKEA Group includes the business operations of the IKEA Franchisor, Range, Supply and certain Industry activities. IKEA franchisees purchase products from Inter IKEA Group companies and pay a franchisee fee based on retail sales. Inter IKEA Group itself reached total revenues of EUR 29.1 billion (including wholesale sales to retailers, franchise fees and the retail sales of the IKEA Delft store) and a net profit of EUR 1.6 billion in Financial Year 2023 (FY23). The Inter IKEA Group FY23 is the period from 1 September 2022 to 31 August 2023.