OverviewSuggest Edit

IKEA is a multinational group of companies that designs and sells ready-to-assemble furniture, appliances, and home accessories. The company offers armchairs, bath suites, bean bags, bed linens, beds and bedroom suites, bookcases, boxes, CD storage, ceiling lamps, children's furniture, clocks, coffee tables, cookware, cord management, desk accessories, dining tables, and chairs. It also provides dinnerware, entertainment units, floor lamps, frames, instruments for children, kitchen organizers, kitchen units, leather sofas, lighting, mattresses, mirrors, office chairs and suites, posters, rugs, sofas, etc.
TypePrivate
Founded1943
HQDelft, NL
Websiteikea.com
Employee Ratings3.8
Overall CultureB

Latest Updates

Employees (est.) (Nov 2021)87,469
Job Openings4,083
Revenue (FY, 2018)€25.5 B(+12%)
Cybersecurity ratingBMore
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Key People/Management at IKEA

Jon Abrahamsson Ring

Jon Abrahamsson Ring

CEO, Inter IKEA Group
Martin van Dam

Martin van Dam

CFO, Inter IKEA Group
Jesper Brodin

Jesper Brodin

CEO, Ingka Group I IKEA
Lena Pripp Kovac

Lena Pripp Kovac

Chief Sustainability Officer, Inter IKEA Group
Anders Dahlvig

Anders Dahlvig

Chairman of the Supervisory Board, Inter IKEA Holding
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IKEA Office Locations

IKEA has offices in Delft, Conshohocken, Dalian, Sopron and in 17 other locations
Delft, NL (HQ)
1 Olof Palmestraat
Dalian, CN
Jinzhou District
Kazlų Rūda, LT
Gedimino g. 1
Goleniów, PL
Kazimierza Pułaskiego 19
Goleniów, PL
Wincentego Witosa 31
Lubawa, PL
Borek 3
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IKEA Financials and Metrics

Summary Metrics

Founding Date

1943
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IKEA Revenue

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IKEA's revenue was reported to be €25.52 b in FY, 2018 which is a 11.5% increase from the previous period.
EUR

Revenue (FY, 2018)

25.5b

Revenue growth (FY, 2017 - FY, 2018), %

11.5%

Gross profit (FY, 2018)

4.7b

Gross profit margin (FY, 2018), %

18.4%

Net income (FY, 2018)

1.4b

EBIT (FY, 2018)

2.0b

Cash (31-Aug-2018)

230.0m
EURFY, 2016FY, 2017FY, 2018

Revenue

2.2b22.9b25.5b

Revenue growth, %

951%12%

Cost of goods sold

1.3b18.7b20.8b

Gross profit

884.0m4.2b4.7b
EURFY, 2016FY, 2017FY, 2018

Cash

302.0m284.0m230.0m

Accounts Receivable

2.8b2.9b2.8b

Inventories

4.3b4.0b4.6b

Current Assets

8.4b8.7b8.9b
EURFY, 2016FY, 2017FY, 2018

Depreciation and Amortization

147.0m860.0m488.0m

Inventories

(29.0m)(668.0m)(896.0m)

Cash From Operating Activities

314.0m677.0m1.1b

Purchases of PP&E

(13.0m)(280.0m)(332.0m)
EURFY, 2016

Revenue/Employee

65.1k

Debt/Equity

2.3 x

Debt/Assets

0.5 x

Financial Leverage

4.5 x
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IKEA Operating Metrics

IKEA's Stores was reported to be 403 in FY, 2017.
Y, 2016FY, 2017

Factories Operated

40

Stores

392403

Visits

936 m

Website Visitors

2.1 b2.3
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IKEA Acquisitions / Subsidiaries

Company NameDateDeal Size
Geomagical LabsApril 02, 2020
TaskRabbitSeptember 28, 2017

IKEA Revenue Breakdown

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IKEA revenue breakdown by business segment: 89.3% from Sale of Goods and 10.7% from Other

IKEA revenue breakdown by geographic segment: 35.5% from Rest of the World and 64.5% from Europe

Human Capital Metrics

Source: fortune.com
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IKEA Cybersecurity Score

Cybersecurity ratingPremium dataset

B

82/100

SecurityScorecard logo

IKEA Environment, Social & Governance (ESG) Ratings

CSRHub ESG ratingPremium dataset

60-79

out of 100

CSRHub logo

IKEA Online and Social Media Presence

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IKEA Company Culture

  • Overall Culture

    B

    70/100

  • CEO Rating

    B

    72/100

  • Compensation

    C+

    66/100

  • Diversity

    B

    71/100

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IKEA News and Updates

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Ikea Is Giving All U.S. Employees Paid Parental Leave No Matter How Many Hours They Work

The U.S. division of Ikea, the quirky Swedish furniture retailer, is expanding its paid leave benefits for new parents in an effort to attract and retain talent in a tight labor market.

Ikea is opening in a very different Philippines than it planned for

Ikea's prospects in the Philippines hinge on a middle class still reeling from the pandemic

World’s Biggest Ikea Opens in Philippines as Part of Global Push

The new 730,000 square foot facility in Manila is a cornerstone of the home-furnishings giant’s expansion plans in Asia.

Ikea says it will eliminate plastic packaging by 2028

As part of the company’s goal to become fully circular, it needs to work to eliminate the 10% of its packaging that still uses plastic. In the past, if you bought LED lightbulbs at Ikea, they probably would have been in a plastic blister pack—something that’s both hard to open and likely to end up i…

Trustly signs Ikea for Open Banking payments

Trustly, the leading global payments platform for digital account-to-account transactions, is proud to announce a partnership with IKEA, the world’s largest furniture retailer.

Ikea is raising its prices. That could actually be a good thing

Cheap, disposable furniture is a blight on the planet. Experts believe Ikea’s higher prices could accelerate the shift toward a more sustainable furniture. Bad news for Ikea devotees: The Swedish furniture giant announced it’s raising its famously low prices.Read Full Story
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IKEA Frequently Asked Questions

  • When was IKEA founded?

    IKEA was founded in 1943.

  • Who are IKEA key executives?

    IKEA's key executives are Jon Abrahamsson Ring, Martin van Dam and Jesper Brodin.

  • How many employees does IKEA have?

    IKEA has 87,469 employees.

  • What is IKEA revenue?

    Latest IKEA annual revenue is €25.5 b.

  • What is IKEA revenue per employee?

    Latest IKEA revenue per employee is €291.7 k.

  • Who are IKEA competitors?

    Competitors of IKEA include Target, Walmart and Amazon.

  • Where is IKEA headquarters?

    IKEA headquarters is located at 1 Olof Palmestraat, Delft.

  • Where are IKEA offices?

    IKEA has offices in Delft, Conshohocken, Dalian, Sopron and in 17 other locations.

  • How many offices does IKEA have?

    IKEA has 23 offices.