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January 27, 2014

Ikea posts 3.1% increase in net profit

Ikea posts 3.1% increase in net profit
The Ikea Group's net income increased by 3.1% to €3.3 billion for the financial year 2013 (ended 31st August 2013), and market conditions continued to improve, the company reported, with strong growth in China, Russia and the US.    “Consumer spending is improving in many countries," says president and CEO Peter Agnefjäll.  While the challenging economic situation may not be over, there are positive signs. Important consumer markets such as the US are coming back and Europe in general is starting to recover. Even some of the challenging markets in Southern ...

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