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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.

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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