Record profits for furniture giant IkeaFriday, 20 January 2012
Ikea Group has sets new profit record with Skr33 billion for 2011. Despite tough times in many countries, the Swedish furniture mater and retailer has managed to increase both sales and profits, according to CEO Mikael Ohlsson in an interview with the swidish business daily, Dagens Industri.
Revenues last year reached, a peak of Skr223 billion, an increase of seven percent from 2010. Ikea has captured new market share and an explanation for this may be a three percentile drop in prices.
By Scancomark.se Team
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