Ingka Group, the parent company of IKEA reports a revenue of $42.0 billion in fiscal year ending August 2022, the Swedish furniture giant announced iin its Annual Summary and Sustainability Report.
The company also progressed towards its investment goal of €6.5 billion in renewable energy by 2030, by investing and committing a record €0.9 billion in renewable energy projects.
“We managed to achieve solid performance in a challenging time, all thanks to the efforts of our 170 000+ IKEA colleagues,” said Jesper Brodin, chief executive officer of Ingka Group. “We have invested in creating a better IKEA by becoming more affordable, accessible and sustainable – the latter showing important progress when it comes to reducing our total climate footprint while growing the business.”
Ingka Group represents about 90% of IKEA retail sales with IKEA retail operations in 31 markets. The company owns and operates IKEA sales channels under franchise agreements with Inter IKEA Systems B.V. which has three business areas including IKEA Retail, Ingka Investments, and Ingka Centres.
“FY22 has been a great year for us, and India remains one of the important growth markets for the Ingka group. We are committed to becoming climate positive by 2030, and the performance across the group is moving in the right direction. We are progressing well on our journey towards achieving last-mile EV deliveries by 2025,” said Susanne Pulverer, chief sales officer of IKEA India.
Ingka Group Annual Summary and Sustainability Report FY22 focuses its reporting on four movements. These four movements include better homes, better lives, better planet and better company which form the basis of Ingka Group’s financial and non-financial performance.
