Ingka Group FY19 results: transforming and performing
Ingka Group today (November 26, 2019) released its financial figures for September 1, 2018 - August 31, 2019 (FY19). It marked the first year of the Group's journey to create a new IKEA in three years.
Revenue for Ingka Group increased by 5.3% (to EUR 39.1 billion total) in FY19 and total IKEA retail sales increased by 5% at constant currency rate, on the back of increasing customer visits, and continued growth in existing stores, online and smaller city stores.
Ingka Group invested more than ever in new city centre stores, a stronger digital meeting and more affordable service offers to our customers.
Investing in renewable energy and innovative companies such as Winnow and LivSpace has been a priority as well.
Click below to see further details and figures, including a summary from Ingka Group Chief Financial Officer and Deputy CEO Juvencio Maeztu.
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