February 26, 2015 11:17 PM ET

Household Durables

Company Overview of IKEA AB

Company Overview

IKEA AB offers home furnishings products. It provides plants, living room furnishings, toys, frying pans, and kitchen products. It designs, develops, manufactures, and sale home furnishings. It offers purchasing and supply functions. In addition, the company provides furniture and accessories, and bathrooms and kitchen products through retail stores. The company was founded in 1943 and is based in Almhult, Sweden. It also has operations in the United States. IKEA AB operates as a subsidiary of INGKA Holding B.V.

Ikeagatan 1

Almhult,  343 36

Sweden

Founded in 1943

Phone:

46 47 68 10 00

Fax:

46 47 61 51 77

Key Executives for IKEA AB

Chief Executive Officer, President, Member of Supervisory Board
Age: 43
Compensation as of Fiscal Year 2014.

IKEA AB Key Developments

IKEA Group Reports Earnings Results for the Year 2014

IKEA Group reported earnings results for the year 2014. For the year, the company reported net income amounted to EUR 3.3 billion. Total sales increased by 5.9% (adjusted for currency impact) from last year to EUR 28.7 billion. Together with the rental income from the shopping centre business, total revenue amounted to EUR 29.3 billion.

Ikea Reports Sales Results in Austria for the Full Year of 2014

Ikea reported sales results for the full year of 2014. For the year, the company raised sales in Austria by 2.3% to EUR 654.3 million.

IKEA Announces Plans to Open a Columbus Store in Summer 2017

IKEA announced it is submitting plans to the City of Columbus, Ohio for a store that would increase the company’s presence in the Midwestern United States as its second store in the state. Located in the Polaris Centers of Commerce development, approximately 15 miles north of downtown Columbus, the 354,000-square-foot proposed IKEA store and its 1,200 parking spaces would be built on 33 acres at the northeastern corner of Interstate-71 and Gemini Place.

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