The Ikea Group Increased Retail Turnover in The 2011/2012 Financial Year by 9.5%

The Ikea group increased retail turnover in the 2011/2012 financial year by 9.5% to €27.628bn. Adjusted for currency-exchange effects, this represented growth of 7.1%, while adjusted for selling space and currency-exchange effects, growth was 4.6%. The highest growth rates were achieved in China, Russia and Poland. The markets generating most turnover, Germany (+6.3%) and the USA (+11%), also contributed to the positive trend. Germany's share in total turnover declined to 14%, and the share enjoyed by the USA moved closer to that figure, at 12%. The next biggest sales markets were France (9%) and Italy (6%), whose shares in total turnover were each down by one percentage point, followed by Russia (6%), which replaced Sweden in fifth place. Ikea claims to have gained market shares in all countries, especially in the southern European markets severely affected by the euro crisis.