{
Ingka Group

Companies

}

ikea retailer reports significant profit drop amid price cuts and economic challenges

Ingka Group, the largest Ikea retailer, reported a significant 37.5% drop in operating profit to €1.3 billion for the financial year ending in August, impacted by price cuts and challenging economic conditions. Revenue fell nearly 6% to €41.8 billion, while expenses saw a slight increase.
Bloomberg.com
Euro Ingka Group SWE
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15:31 27.11.2024
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