herald

Thursday 27 November 2014

Retail Ikea profits up 8pc in focus on costs

FURNITURE giant Ikea has packed away a 'stable' profit for 2012 after recording a €6.8m profit in 2011.

The latest figures for profits at the Swedish company were 40pc down on the 2010 accounts.

But manager Paul Reid said that it expects a "stable like-for-like result" in its fiscal 2012 year.

The company confirmed that total sales at the group grew by 9.5pc in 2012.

Net profits rose 8pc to €3.2bn, helped in part by higher revenue and a 'continued cost focus'.

Ikea president and chief executive Mikael Ohlsson said that the company had managed to grow in most of the markets in which it operates.

Promoted articles

Promoted articles

Opinion

Entertainment News