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World: IKEA's net income 2009-2020

The furniture and home goods retailer IKEA had a global net income of nearly 1.19 billion euros in 2020. The company’s net income peaked in 2016 at 4.2 billion euros but has dropped off steeply since then.

IKEA

The Swedish furniture company IKEA was founded in 1943 as a mail-order catalogue before opening its first retail location; it has since made a name for itself as an affordable, modern, and stylish furniture retailer, with a global presence. In 2020, IKEA Group’s annual revenue amounted to 39.6 billion euros, down from 41.3 billion euros in the previous year. Despite exhibiting consistent growth over the last two decades, sales in 2020 were slightly affected mainly due to the coronavirus (COVID-19) crisis.

IKEA online presence

In the financial year of 2020, online sales represented 16 percent of the total retail sales of IKEA. The company's web site ikea.com received four billion visitors in 2020, increasing over one billion clicks compared to the previous year. Regardless of being one of the leading furniture and home furnishing retailers in the world, IKEA's online segment only represented two percent of the leading online furniture retailers market share in the United States. In this case, Amazon and Wayfair had the largest share, with 30 percent, and 33 percent, respectively.

Net income of INGKA Group (IKEA) worldwide from 2009 to 2020

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Source

Release date

February 2021

Region

Worldwide

Survey time period

2009 to 2019

Special properties

financials of INGKA Group

Supplementary notes

The company's financial year goes from the 1st of September until the 31st of August.

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