The IKEA Group total sales increased to EUR 27.9 billion ($37.38 US billion*) in the financial year 2013, an increase of 3.1% compared to the previous year (+3.6% adjusted for currency impact). Sales in comparable stores grew by 1.8%.
“Value for money is increasingly important to our customers – and our sales development shows that people all over the world appreciate our concept of good quality, well-designed products at low prices”, says President and CEO Peter Agnefjäll.
“Reducing household energy bills is the most important issue for many people today when it comes to living more sustainably at home. In the last year, we sold 20 million energy saving LED products at affordable prices, helping people to do just that. And by 2016 we will convert all of our lighting products to LED to help even more people save money at home. Sustainability should not be a luxury good,” continues Peter Agnefjäll.
Some of the strongest growth was in Russia and China, and there was also significant progress in North America during the past year. While southern Europe continued being affected by the current economic situation, the IKEA Group continued gaining market shares in almost all markets.
During the financial year 2013, the IKEA Group continued to grow in line with the IKEA vision to create a better every day life for the many people, firmly based in our sound financial principles of expanding from our own resources and making long-term decisions.
The full year report, The IKEA Group Yearly Summary, will be published in January 2014.
*US dollars $1.34 to 1 EUR
FY13 = Financial year 2013 encompasses the period between September 1, 2012, to August 31, 2013.
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