Ingka Group accounts for most of Ikea's turnover

Inter Ikea Systems B.V., owner of the Ikea concept and global franchisor, today announced total Ikea retail sales for the 2023 financial year (September 2022 to August 2023): EUR 47.6 bn for all twelve franchise groups, with the Ingka Group representing almost 90 per cent of total sales with EUR 41.7 bn (+5.7 per cent year-on-year).

At the same time, the Ingka Group gave deeper insights into its own figures: the online share has grown to 26 per cent (previous year; 25 per cent), with online visits down by 0.5 billion views to 3.3 billion views (previous year 3.8 billion views). According to the annual report, visits to brick-and-mortar shops developed well: 697 million visits were recorded in the 2023 financial year, an increase of 7.4 per cent (previous year: 680 million visits).

In addition, the group opened 60 new Ikea stores, compared to 54 stores in the previous year.