In the financial year 2023, the global gross profit of IKEA amounted to roughly 14.7 billion euros, up from around 14 billion recorded a year earlier.
IKEA's unique selling proposition
IKEA is an internationally known home furnishing retailer with the vision of 'creating a better everyday life for the many people'. The company's products are flat-pack, ready to be assembled by the consumer. This allows a reduction in costs and packaging. Low prices are the cornerstone of the IKEA business idea and the company always tries to do things as efficiently and cost-effective as possible. The business’ innovations include new materials that contribute more to a sustainable environment and are less costly or using the newest ways of packaging, handling and transporting materials.
IKEA's brand value
As of 2023, is not only IKEA the most valuable furniture retailer brand in the world, it is also among the leading retail brands globally, valued at around 21 billion U.S. dollars. The business operates over 470 stores and is present in the world's major markets. In 2023, there were more than 860 million customer visits to IKEA stores, and nearly four billion visits in the company's online webpage IKEA.com.
Gross profit of INGKA Group (IKEA) worldwide from 2009 to 2023
(in million euros)
Figures prior to 2017 were retrieved from earlier publications of the source.
The financial years run through September 1 to August 31 of the respective year.
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IKEA. (February 1, 2024). Gross profit of INGKA Group (IKEA) worldwide from 2009 to 2023 (in million euros) [Graph]. In Statista. Retrieved December 12, 2024, from https://www.statista.com/statistics/241801/gross-profit-of-ikea-worldwide/
IKEA. "Gross profit of INGKA Group (IKEA) worldwide from 2009 to 2023 (in million euros)." Chart. February 1, 2024. Statista. Accessed December 12, 2024. https://www.statista.com/statistics/241801/gross-profit-of-ikea-worldwide/
IKEA. (2024). Gross profit of INGKA Group (IKEA) worldwide from 2009 to 2023 (in million euros). Statista. Statista Inc.. Accessed: December 12, 2024. https://www.statista.com/statistics/241801/gross-profit-of-ikea-worldwide/
IKEA. "Gross Profit of Ingka Group (Ikea) Worldwide from 2009 to 2023 (in Million Euros)." Statista, Statista Inc., 1 Feb 2024, https://www.statista.com/statistics/241801/gross-profit-of-ikea-worldwide/
IKEA, Gross profit of INGKA Group (IKEA) worldwide from 2009 to 2023 (in million euros) Statista, https://www.statista.com/statistics/241801/gross-profit-of-ikea-worldwide/ (last visited December 12, 2024)
Gross profit of INGKA Group (IKEA) worldwide from 2009 to 2023 (in million euros) [Graph], IKEA, February 1, 2024. [Online]. Available: https://www.statista.com/statistics/241801/gross-profit-of-ikea-worldwide/