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Swedish retailer of home furnishing products IKEA Group for the first time in its history, has publicly reported its financial performance. Thus, the IKEA sales for the 2009-2010 fiscal year (September 1, 2009. August 31, 2010.) increased by 7,7% and amounted to 23.1 billion Euro, the company said. More information about the financial achievements IKEA promised to publish later.
At the same time IKEA reported for the 2008-2009 fiscal year. It is reported that sales reached 21.8 billion Euro, up 1.4% more than in the 2007-2008 fiscal year. Net profit for the reporting period amounted to 2.5 billion Euro, up 11.3% surpassed the same period a year earlier.
In comments to the reported figures indicated that the majority of the company's profits have been reinvested in the existing stores of IKEA, and aim to develop new outlets and factories. According to the president and CEO of IKEA Group Mikael Olsson, positive financial indicators are needed for program growth, including expansion into new markets. In addition, M. Olsson said that part of the proceeds goes to the program of social initiatives IKEA (IKEA Social Initiative) for funding of projects with 100 million children around the world.
Today, the head of Inter IKEA Centre Group in Austria, Switzerland and South-Eastern Europe, Per Vendshlag was appointed CEO of IKEA in Russia and took up his duties. The former leaders of the Russian unit - CEO Per Kaufman and director of real estate Stephan Gross - were dismissed in February 2010 due to a corruption scandal.
The Swedish company IKEA was founded in 1943. Currently, it is the world's largest retail chain saling furniture and household items. The Company owns 281 stores in 24 countries, has 36 shops in 16 countries running by private franchisees.
Currently in Russia there are 12 such complexes: three - in the suburbs of Moscow, two - near St. Petersburg, as well as one - in Kazan, Yekaterinburg, Nizhny Novgorod, Novosibirsk, Rostov-na-Donu, the Republic of Adygea, Omsk. Total volume of IKEA's investments in Russia in October 1, 2010 amounts to about $ 4 billion. Group owner is the fund Stichting Ingka Foundation (Netherlands).
At the same time IKEA reported for the 2008-2009 fiscal year. It is reported that sales reached 21.8 billion Euro, up 1.4% more than in the 2007-2008 fiscal year. Net profit for the reporting period amounted to 2.5 billion Euro, up 11.3% surpassed the same period a year earlier.
In comments to the reported figures indicated that the majority of the company's profits have been reinvested in the existing stores of IKEA, and aim to develop new outlets and factories. According to the president and CEO of IKEA Group Mikael Olsson, positive financial indicators are needed for program growth, including expansion into new markets. In addition, M. Olsson said that part of the proceeds goes to the program of social initiatives IKEA (IKEA Social Initiative) for funding of projects with 100 million children around the world.
Today, the head of Inter IKEA Centre Group in Austria, Switzerland and South-Eastern Europe, Per Vendshlag was appointed CEO of IKEA in Russia and took up his duties. The former leaders of the Russian unit - CEO Per Kaufman and director of real estate Stephan Gross - were dismissed in February 2010 due to a corruption scandal.
The Swedish company IKEA was founded in 1943. Currently, it is the world's largest retail chain saling furniture and household items. The Company owns 281 stores in 24 countries, has 36 shops in 16 countries running by private franchisees.
Currently in Russia there are 12 such complexes: three - in the suburbs of Moscow, two - near St. Petersburg, as well as one - in Kazan, Yekaterinburg, Nizhny Novgorod, Novosibirsk, Rostov-na-Donu, the Republic of Adygea, Omsk. Total volume of IKEA's investments in Russia in October 1, 2010 amounts to about $ 4 billion. Group owner is the fund Stichting Ingka Foundation (Netherlands).
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