Inter IKEA Group FY19 year in review

Inter IKEA Group FY19 year in review

Many companies, organisations and people shape the IKEA brand. Inter IKEA Group includes the IKEA franchisor, range, supply and certain industry activities. Here is a selection of facts and figures that will give you a glimpse into the Inter IKEA Group Financial year Sep 2018 - Aug 2019 (FY19).

 

Growing IKEA retail sales for more than 75 years

Inter IKEA Group FY19 year in review

Around the world, more than 211,000 IKEA co-workers launched new products, tested new store formats and helped IKEA customers get the products and solutions they need. As a result, IKEA retail sales reached EUR 41.3 billion in FY19.

Inter IKEA Group FY19 year in review

Retail sales growth means positive results for Inter IKEA Group

Retail sales is an important measure of success for Inter IKEA Group since IKEA Franchisees buy their products from Inter IKEA Group companies. Total Inter IKEA Group revenues reached EUR 25.3 billion with a net result of EUR 1,485 million in FY19. This meant the Inter IKEA Group financial position improved during FY19.

FY19 year in review

In August IKEA stores unveiled SYMFONISK, a new collection developed together with SONOS. On the first day alone      more than 30,000 SYMFONISK lamps and speakers were sold.

Better products for better lives

This year we’ve introduced more than 2,000 products to make people’s lives better. That includes home technology for a great low price, solutions to save water and reduce waste, and products for a healthier life at home. Every new product balances the five elements of Democratic Design: form, function, quality, price and sustainability.

Better products for better lives

Working together to make shopping better

In FY19 we worked with IKEA franchisees to improve distribution and home delivery. And
we’ve developed new and exciting ways to meet our customers – in-store, online and
beyond!

Working together to make shopping better

Towards a circular IKEA

We want to be circular in every aspect of our business. That means designing all of our products to be 100% circular from the beginning, using only renewable or recycled materials, and developing circular capabilities in our supply chain. Our ambition is to be 100% circular by 2030.