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    IKEA Annual Report

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    Stefan TC
    The Inter IKEA Group annual report for 2013 was released. While the business climate remained tough, the IKEA Concept continued to show strength as Inter IKEA Group made long term investments to ensure the independence and longevity of the group and concept. Total revenues for Inter IKEA Group increased 7.4% to €2,856 million in 2013 while net profit increased to €516 million. The CEO noted the importance of continued hard work to improve businesses despite earnings growth.

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    IKEA Annual Report

    Uploaded by

    Stefan TC
    300 views2 pages
    The Inter IKEA Group annual report for 2013 was released. While the business climate remained tough, the IKEA Concept continued to show strength as Inter IKEA Group made long term investments to ensure the independence and longevity of the group and concept. Total revenues for Inter IKEA Group increased 7.4% to €2,856 million in 2013 while net profit increased to €516 million. The CEO noted the importance of continued hard work to improve businesses despite earnings growth.

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    IKEA annual report

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    IKEA annual report

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    The Inter IKEA Group annual report for 2013 was released. While the business climate remained tough, the IKEA Concept continued to show strength as Inter IKEA Group made long term investments to ensure the independence and longevity of the group and concept. Total revenues for Inter IKEA Group increased 7.4% to €2,856 million in 2013 while net profit increased to €516 million. The CEO noted the importance of continued hard work to improve businesses despite earnings growth.

    Copyright:

    © All Rights Reserved
    Download as PDF, TXT or read online from Scribd
    Download as pdf or txt
    300 views2 pages

    IKEA Annual Report

    Uploaded by

    Stefan TC
    The Inter IKEA Group annual report for 2013 was released. While the business climate remained tough, the IKEA Concept continued to show strength as Inter IKEA Group made long term investments to ensure the independence and longevity of the group and concept. Total revenues for Inter IKEA Group increased 7.4% to €2,856 million in 2013 while net profit increased to €516 million. The CEO noted the importance of continued hard work to improve businesses despite earnings growth.

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    You are on page 1of 2

    2013 Inter IKEA Group Annual Report released

    Luxembourg June 17, 2014


    In a rather tough business climate, the IKEA Concept continued to show good
    strength. Inter IKEA Group continued to make long term investments in order to
    secure independence and longevity of the group and the IKEA Concept.
    Inter IKEA Group total revenues increased by 7.4%, to 2,856 million in 2013. Net profit
    increased with 70 million to 516 million. Investments continued, with capital
    expenditures around 880 million.
    - We know that it still is tough times for many people. Rather than being happy about
    earnings on a certain level I am happy to see that the IKEA Concept developed well.
    Its however important that we dont take anything for granted and keep working
    hard to improve all our businesses. Its also good to see how our investments in
    difficult times are helping businesses to develop and grow, says Sren Hansen, CEO
    of Inter IKEA Group.
    The purpose of Inter IKEA Group is to secure continuous improvement and a long life of
    the IKEA Concept. As this will require investments in both good and bad times we strive
    to be financially independent.
    Generally we continued to see a tough business climate in Europe. In the second half of
    2013 some pick-up in the retail activity could be seen, but its still unevenly spread
    between countries. Demand for IKEA products also improved over the year in Europe. We
    continue to see strong growth in North America, Asia Pacific and especially in the Middle
    East.
    During 2013 worldwide IKEA retail sales increased by 4.2% (in local currencies).
    Franchise fees increased by 1.2% (consolidated in Euro).
    The investment in real estate development continued as planned, and increased in both
    the Retail Centre Division and the Property Division. Good performance in the Finance
    Division contributed to the increased profit.
    Inter IKEA Group paid 76.6 million (14%) in corporate income taxes in 2013. In
    addition our different companies paid significant amounts in local taxes such as property
    and other business related taxes.

    Numbers in brief, million


    Total revenues
    Net profit

    2013
    2,856
    516

    2012
    2,660
    446

    Total assets
    Equity
    Co-workers (year average)

    16,059
    8,039
    1,754

    14,950
    7,529
    1,644

    Annual Report 2013 in brief

    Page 1 of 2

    Inter IKEA Group is organized in four divisions.


    Franchise Division
    The Franchise Division includes Inter IKEA Systems B.V, worldwide IKEA franchisor and
    owner of the IKEA Concept, including the IKEA trademarks. The division has the overall
    responsibility to safeguard the continued success of the IKEA Concept throughout the
    world.
    Franchise fee income increased in line with global IKEA retail sales. Franchisees opened
    ten new IKEA stores during the year, including one relocated store.
    Retail Centre Division
    The Retail Centre Division Inter IKEA Centre Group A/S (IICG) - develops and manages
    retail destinations for the many people, anchored by IKEA stores. Inter IKEA Group is the
    majority owner of IICG.
    The expansion in Europe remained selective due to market limitation. Three retail centres
    are being built in China two are scheduled to open in 2014 and one in 2015. Revenue
    was 164 million in 2013, compared to 204 m in 2012. The drop is due to the sale of
    retail centres in Austria during 2012. On a like for like basis, rental income increased by
    2.2% during 2013.
    Property Division
    The goal of the Property Division Vastint Holding B.V is to create long-term value
    through property investments. The division actively manages developed properties in the
    Netherlands, Poland, Belgium, Lithuania, Latvia and the UK.
    Investment continues and the division has more than 100.000 square meters of offices
    and hotels under development, and also owns land for future development. Total
    revenues increased by 33% in 2013, mainly as a result of completed projects and
    refurbishments.
    Finance Division
    The Finance Division supports the Inter IKEA Group in maintaining financial independence
    through long term investments.
    Asset under management was 2.3 billion, compared to 2.1 billion in 2012. In line with
    an overall positive development of financial markets, the division produced a good return
    during the year.

    For more information about Inter IKEA Group, please see our website www.inter.ikea.com
    The Inter IKEA Group Annual Report 2013 can be ordered on the website
    Press contact Inter IKEA Group
    Kristian Sjholm
    +32 486 040 963
    kristian.sjoholm@inter-IKEA.com

    Annual Report 2013 in brief

    Page 2 of 2

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