Ikea profits since 2000: 200 billion kronor

Ikea profits since 2000: 200 billion kronor
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.

Since 2000, Ikea’s pre-tax profits have consistently been higher than 15 billion kronor per year, with the company’s best year of the decade coming in 2007, when it posted profits of 30 billion kronor.

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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