Timeline of IKEA's financial growth and financing
Posted: Thu Feb 13, 2025 11:01 am
Is IKEA profitable? In short, yes, IKEA is profitable. After years of keeping its financial information secret, IKEA reported its first profit in late 2010. Subsequently, the company reported a profit of $3.4 billion for the fiscal year 2009, an increase of 11.3 percent from the previous year. IKEA’s sales revenues withstood the global economic downturn and reached $23 billion, an increase of 1.4 percent over the period.
The company's revenue rebounded dramatically during fiscal 2010, reaching $24.3 billion, an increase of 7.7%. Despite making losses during the COVID-19 pandemic season, the company managed to stay afloat. In fiscal 2021, IKEA's global gross profit was approximately $13.6 billion, an increase of 11.73% compared to the previous year.
As of 2021, IKEA remains one of the most valuable furniture retailer brands globally, valued at employment data approximately $18 billion. The company operates 445 stores and is present in the world’s major markets.
Contents
IKEA Financial Performance: Revenues, Expenses and Profits
IKEA revenues
IKEA expenses
IKEA profit
Potential for profitability
Conclusion
Timeline of IKEA's financial growth and financing
Ingvar Kamprad founded IKEA in 1943. The company is known worldwide as a home furnishing and furniture retailer. Since its foundation, IKEA has grown to be one of the largest companies in the sector. It is one of the first groups in the international ready-made furniture sector.
The company's revenue rebounded dramatically during fiscal 2010, reaching $24.3 billion, an increase of 7.7%. Despite making losses during the COVID-19 pandemic season, the company managed to stay afloat. In fiscal 2021, IKEA's global gross profit was approximately $13.6 billion, an increase of 11.73% compared to the previous year.
As of 2021, IKEA remains one of the most valuable furniture retailer brands globally, valued at employment data approximately $18 billion. The company operates 445 stores and is present in the world’s major markets.
Contents
IKEA Financial Performance: Revenues, Expenses and Profits
IKEA revenues
IKEA expenses
IKEA profit
Potential for profitability
Conclusion
Timeline of IKEA's financial growth and financing
Ingvar Kamprad founded IKEA in 1943. The company is known worldwide as a home furnishing and furniture retailer. Since its foundation, IKEA has grown to be one of the largest companies in the sector. It is one of the first groups in the international ready-made furniture sector.