Financial analysis of the IKEA company

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A financial analysis of the IKEA company. I discuss the net income, the balance sheet and the income on the food in restaurants.

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Financial analysis of the IKEA company

  1. 1. Financial analysis IKEA Els Matthys
  2. 2. IKEA company• Home products company• Swedish• Since 1943 2
  3. 3. IKEA company• Not quoted on the Stock Exchange• 280 stores in 26 countries – Still growing• Analysis based on annual results 3
  4. 4. Consolidated income statement• Net income: 2009  2010: + 154 mln €• Revenue: *Revenue includes sales of goods and rental income from commercial property 2009  2010: + 1693 mln €• Gross profit: 2009  2010: + 1117 mln € (more costs in 2010) Source: http://www.ikea.com/ms/nl_BE/pdf/yearly_summary/Welcome_inside_2010_update.pdf 4
  5. 5. Consolidated income statementIncrease of the net income: 2010: 12 new stores + *Revenue includes sales of goods and rental income investments other stores from commercial property Sales increase: + 2,4%Overall sales: + 7,7%  more income Source: http://www.ikea.com/ms/nl_BE/pdf/yearly_summary/Welcome_inside_2010_update.pdf 5
  6. 6. Consolidated balance sheet - assets• Assets: 2009  2010: 37,1 bln €  41,3 bln € ( + 4168 mln €)• Property, plant and equipment: 2009  2010: 14,2 bln €  15,9 bln € (+ 1776 mln €) Thanks to the 12 new stores• Cash and securities: 2009  2010: + 2621 mln €Total increase: about 4 bln € Source: http://www.ikea.com/ms/nl_BE/pdf/yearly_summary/Welcome_inside_2010_update.pdf 6
  7. 7. Consolidated balance sheet – equity and liabilities• Group equity: 2009  2010: + 3066 mln € More stores = more equity Source: http://www.ikea.com/ms/nl_BE/pdf/yearly_summary/Welcome_inside_2010_update.pdf 7
  8. 8. Low food prices• Low food prices in restaurants:2 advantages: 1. People come for food, see products, tempting to buy 1. Profit on the food: 2010: 1,1 bln € turnover Source: http://www.ikea.com/ms/nl_BE/pdf/yearly_summary/Welcome_inside_2010_update.pdf 8
  9. 9. Belgian stores• Turnover IKEA 2010: 747 mln € 2009  2010: + 3,2%• Turnover average Belgian furniture stores 2009  2010: + 1,3%• IKEA future: 2011: 65 mln € for expansion + new stores New stores on the list: Antwerp and Bergen Source: http://www.beursduivel.be/ 9
  10. 10. Thanks for your attention Els Matthys - 2 AF 01

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