SOURCE: IKEA USA

IKEA USA

December 10, 2015 07:00 ET

FY 2015: The IKEA Group Sales Are up 11.2% -- Allowing for Continued Investments in Sustainability and Business Development

CONSHOHOCKEN, PA--(Marketwired - December 10, 2015) - The IKEA Group net income amounted to $3.9 billion (EUR 3.5 billion)* for the financial year 2015**. Total sales increased by 11.2% from last year to $35.7 billion (EUR 31.9 billion). Together with the rental income from the shopping center business, total revenue amounted to $36.6 billion (EUR 32.7 billion) (+11.5%). Major investments were made to tackle climate change, such as the shift to 100% LED in the IKEA lighting range.

"We have a great year behind us and have invested considerably in sustainability, in creating a better offer as well as being more accessible," says President and CEO Peter Agnefjäll as the IKEA Group launches its Yearly Summary and Sustainability report for 2015.

IKEA U.S. FY15 sales were $5 billion, sharing the top spot with Germany. IKEA U.S. saw continued growth in FY15 with comparable store sales increase by 4.5 percent and total sales -- including ecommerce -- increased by 8.6 percent outperforming both retail and home furnishing sectors.

Most of the global IKEA growth came from comparable stores, although new stores and online expansion contributed substantially to the result. While the growth is well-distributed across most markets, Germany shows record growth and also Southern Europe is seeing a positive development. North America continues to do well, and the newest IKEA market, South Korea, performs above expectations.

The growth enables IKEA Group to continue to strengthen its core business, in existing IKEA stores, and also in new ways of meeting the customers online, through new store formats, and at pick-up and order points. Continued investments will also be made in renewable energy and in products for a sustainable life at home.

"Action on climate change is both a driver for innovation and an opportunity to make our business even better, by for instance enabling our customers to live a more sustainable life at home," continues Peter Agnefjäll. "In the past year, I'm particularly proud that we sold more than 90 million LED bulbs and lamps, not only enabling millions of households to cut on their energy bills, but also bringing significant energy savings," says CEO Peter Agnefjäll.

IKEA Group continues to share its good result with co-workers. During FY15, $117.6 million (EUR 105 million) were set aside to the loyalty program Tack! as a token of appreciation for all co-workers. Since it was introduced two years ago, a total of $341.6 million (EUR 305 million) has been allocated.

*. Dollar to Euro calculated at $1.12, August 31, 2015.

**. FY15 = Financial year 2015 period is September 1, 2014 - August 31, 2015.

About IKEA Group

The IKEA vision is to create a better everyday life for the many people. Our business idea supports this vision by offering a wide range of well-designed, functional home furnishing products at prices so low that as many people as possible will be able to afford them. There are currently 330 IKEA Group stores in 28 countries. Additionally, there are 40 IKEA stores run by franchises. There are 41 IKEA stores in the U.S. In FY 15, IKEA Group had 771 million visitors to the stores and 1.9 billion visitors to IKEA.com. IKEA incorporates sustainability into day-to-day business and supports initiatives that benefit children and the environment. For more information, please visit www.IKEA.com, facebook.com/IKEAUSA, @IKEAUSANews, @IKEAUSA, http://pinterest.com/IKEAUSA/, www.youtube.com/IKEAUSA, www.theshare-space.com, www.theshare-space.com/en/Blog

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