IKEA reduces its advantage by 10% after its prices have been reduced | Companies
IKEA concluded the fiscal year in Spain in Spain, with setbacks in both income and profitability. The Sweden company ended with a revenue of 1,931.7 million euros, which specializes in home furniture, as described in a statement, despite increasing the volumes of 1% lower, 2%. He argued that “an impact produced by its” attempt to reduce its products and services prices “.
This was the first setback in the IKEA’s billing since 2020, and the pandemic had to close his physical sale points for several months. In the last two years he has allocated 103 million euros to reduce the prices of certain instructions. The procedure for the next year, which is not specified in any amount.
In its last fiscal year, it was completed in August 2024, with their food and recovery business sales, which reached 77.2 million euros, 8.7% higher. The online business, which has increased its statistics by 4%, and it already represents 25% of the total sales.
Low sales indicate a decrease in the benefits of the Iberian subsidiary. This is 9.6% with a net profit of 134 million euros, but it is the second largest benefit of the company in the last 10 years.
The company has invested in 38 million euros in its stores, of which 26.8 million of which is 11.2 million for improving the performance of the offer to the visitor and improving sustainability projects and buildings. In 2024 he opened its IKEA Home Platform, and the second hand IKEA Preeved, which had more than 160,000 accumulated visitors.
IKEA was with a template of over 9,600 people at the end of last year, with 6.7%of the average salary improvement.
Neerettin Care was the last of the IKEA General Director of the IKEA, which is the last fiscal year of fiscal year. Last week, the company confirmed its Rile, Financial Director Fatima Garcia de Wydma, until Sweden was appointed to run his successor in Spain. Added three and a half years to the care post. The company has argued its exit as part of the rotation process of general directors.
