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.
Torbjörn Lööf becomes a new member of the Supervisory Board of Inter IKEA Holding B.V., starting his assignment on August 1, 2025.
In FY24, the Inter IKEA Group tax charge was EUR 466 million – equal to 17.5% of pre-tax income – compared to EUR 307 million (15.8%) in FY23. The effective tax rate increased by 1.7% compared to FY23. This is mainly due to one-off effects that impacted the previous year’s effective tax rate.
Our effective tax rate is primarily driven by the tax rates in the jurisdictions where the majority of our business is conducted, i.e. the Netherlands, Sweden and Switzerland, and the financial performance of the Inter IKEA Group companies in these jurisdictions.
The chart below reconciles Inter IKEA Group’s effective tax rate for FY24 with the Dutch corporate tax rate (25.8%).
| Result before tax (as reported for FY24) | 2,655 | |
|---|---|---|
| Tax expense if the nominal tax rate in the Netherlands (25.8%) had been applicable | 688 | 25.8% |
| Tax effect of: | ||
| Other applicable tax rates abroad | -246 | -9.2% |
| Exempt income | -2 | -0.1% |
| Non-deductible expenses | 7 | 0.3% |
| (De)recognition of tax losses | 2 | 0.1% |
| Adjustment for prior periods | 16 | 0.6% |
| Changes in tax rates | 1 | 0.0% |
| Non-reclaimable withholding tax | 14 | 0.5% |
| Other | -14 | -0.5% |
| Tax expense (as reported for FY24) | 466 | 17.5% |