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February 14, 2012
Ikea profits since 2000: 200 billion kronor
Published: 23 Nov 09 08:41 CET | Double click on a word to get a translation
Online: http://www.thelocal.se/23420/20091123/
Swedish home furnishings giant Ikea has raked in more than 200 billion kronor ($29 billion) in profits since the turn of the century, according to a new report.
- Ikea founders mull sale of Habitat furniture chain (19 Oct 09)
- Demand slump fails to dent Ikea's earnings (17 Sep 09)
- Billy bookshelf does battle with Big Mac Index (10 Sep 09)
The figures, which have never been made public by Ikea, come from the annual reports of Ikea’s Dutch parent company, Ingka Holding, which were reviewed by the Swedish business daily Dagens Industri (DI).
Roughly 57 billion kronor from Ikea’s profits go toward dividends and royalty payments, while Ikea has used around 100 billion of its profits to open new stores.
“We still have a very good financial situation, which means that we can continue to invest billions of kronor in both new stores and lower prices, despite difficult times,” Göran Grosskopf, board chair of Ingka Holding, told the newspaper.
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Hopefully someday, a government in Sweden will take a close look at the corporate tax laws and possibly implement changes in Swedish tax laws that will bring back the big companies to register for tax in Sweden.
I do believe that can be done without destroying the social net in Sweden. It just takes some imagination and determination.
I second that. IKEA and Ingvar Kampard have no interest to pay taxes in any country. I don't exactly know him but he, and the CEOs I do know, believe that taxes are rip offs and that they are too good to pay taxes (ok that's not exactly true; but they all agree that we who pay taxes are stupid lap dogs, minions of the social democrats.. with other words). Ingvar isn't the warm granpa that the press has made him out to be; he's a stone cold business man through and through (really, he doesn't care about anything or anyone who can't fill up his bank account); which should be kind of obvious since he lives in some small cabin in Switzerland, don't spend his money ( he doesn't even pay for his damn snus; he expects to be given a whole lot of it ("expects" isn't a strong enough word; he considers it to be as natural as not paying for dinner when you're invited to a friend's house.. jeeze the arrogance)) while a lot of people starve to death and he doesn't have a bad conscious about it. Same thing with IKEA. No taxes, no donations no nothing. Considering what the rest of his kind is like it's weird that he doesn't seem to have that many connections in eastern Europe.. Just my observation.
That company makes profits because of a almost complete lack of morals (which is how you are most likely going to get rich). They have been involved in child labor for crying out loud. How can anyone think that they'd pay taxes when they do anything to make a big profit?
When all the thing about the crisis started I saw an article about the old Ingvar talking about ( from Switzerland) how many workers they were gonna have to sack after having sacked a lot already due to the crisis.... don't remember the number.
Then somehow, the company happened to be making money like Tony Montana.
So????