Ikea group has achieved global profit of almost €3bn in 2010/2011 financial year

The Ikea group once again improved its key results figures on an over-proportional scale to its turnover in the 2010/2011 financial year. Turnover increased by 6.9% to €25.173bn with the highest rates of increase being recorded in Russia, China and Poland. The sales markets with the biggest turnovers, however, continued to be Germany (15%), USA (11%), France (10%), Italy (7%) and Sweden (6%). Following adjustment to account for newly opened stores, the group turnover increased by 2.7% in 2010/2011. Minus the franchise fees paid to the Dutch Inter Ikea Systems B.V. turnover amounted to €24.7bn.