Ikea

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This is a financial analysis of Ikea. First of all, I’ll talk about the company and its business idea. Secondly, I’ll discuss Ikea’s yearly results (2011). Finally, I’ll give a conclusion.

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Ikea

  1. 1. Evelien Daneels 2AF3
  2. 2.  The company and its business idea Financial results (2011) Conclusion
  3. 3.  Low prices Sweden 1943 Worlds largest furniture retailer 287 stores 26 countries
  4. 4. Employees per region 800016500 Europe North America Russia, Asia & Australia 106500
  5. 5. Consolidated income statement(IN MILLION OF EURO) 2011 2010Revenue* 25.173 23.539Cost of sales 13.773 12.454Gross profit 11.400 11.085Operating cost 7.808 7.888Operating income 3.592 3.197Total financial income and expense 165 76Income before minority 3.757 3.273interests and taxesTax 781 577Income before minority 2.976 2.696interestsMinority interests (10) (8)Net income 2.966 2.688*The revenue includes sales of goods and rental income from commercial property. Source: http://www.ikea.com/ms/en_GB/about_ikea/facts_and_figures/facts_figures.html
  6. 6. Revenue (total sales) 26,000 +6,9% 25,000Million euro 24,000 23,000 22,000 2010 2011
  7. 7. Sales per region 79% Europe North America Russia, Asia & Australia 7% 14%Source: http://www.ikea.com/ms/en_GB/about_ikea/facts_and_figures/facts_figures.html
  8. 8. Net income 3,000 +10,3% 2,900 2,800Million euro 2,700 2,600 2,500 2010 2011
  9. 9.  2011: 7 new stores Costs are kept low
  10. 10. Assets LiabilitiesSource: http://www.ikea.com/ms/en_GB/about_ikea/facts_and_figures/yearly_summary.html
  11. 11.  Investments  3 million EUR  stores, factories and retail centers  expansion of wind farms and solar power sources Goal of 100% renewable energy
  12. 12.  Growth Prices Raw material costs Efficient cost control + choice of suppliers strong company The Ikea concept

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