Being a foundation owned company, we have a long-term perspective of our business and our investments. Our founder, Ingvar Kamprad, left us with a simple, yet impactful financial policy “earn the money, before spending it”. This still guides us and across last year we have had a solid performance, where our revenue has increased by 5.7% and we delivered operating income of EUR 2.0 billion. We have invested in transforming the company into an omnichannel business, becoming more accessible whenever, wherever and however our customers want to interact with IKEA. The solid performance gives us resources to continue to invest in creating a better IKEA that is more accessible, affordable and sustainable.
We know that it’s good business to be a good business, with profit and purpose going hand in hand and we are optimistic about the future, home has never been more important.
In the coming year, we celebrate 80 years of legacy – we will unleash our entrepreneurial spirit, build on our strengths – loving the past while creating the future.
Most things remain to be done. Glorious future!
Jesper Brodin, President and CEO, Ingka Group
Juvencio Maeztu, Deputy CEO and CFO, Ingka Group