Ikea is the world's largest furniture retailer founded in Sweden in 1943. In 2011, Ikea had 287 stores across 26 countries, over 165,000 employees, and $25.2 billion in revenue. Ikea's financial results from 2011 show a 6.9% increase in total sales and a 10.3% increase in net income compared to 2010. 79% of Ikea's sales come from Europe, with the remaining sales split between North America and Asia/Australia.

1. Evelien Daneels 2AF3

2.  The company and its business idea
 Financial results (2011)
 Conclusion

3.  Low prices
 Sweden
 1943
 World's largest furniture retailer
 287 stores
 26 countries

4. Employees per region
8000
16500
Europe
North America
Russia, Asia & Australia
106500

5. Consolidated income statement
(IN MILLION OF EURO) 2011 2010
Revenue* 25.173 23.539
Cost of sales 13.773 12.454
Gross profit 11.400 11.085
Operating cost 7.808 7.888
Operating income 3.592 3.197
Total financial income and expense 165 76
Income before minority 3.757 3.273
interests and taxes
Tax 781 577
Income before minority 2.976 2.696
interests
Minority 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. Revenue (total sales)
26,000
+6,9%
25,000
Million euro
24,000
23,000
22,000
2010 2011

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. Net income
3,000
+10,3%
2,900
2,800
Million euro
2,700
2,600
2,500
2010 2011

9.  2011: 7 new stores
 Costs are kept low

10. Assets Liabilities
Source: http://www.ikea.com/ms/en_GB/about_ikea/facts_and_figures/yearly_summary.html

11.  Investments
 3 million EUR
 stores, factories and retail centers
 expansion of wind farms and solar power sources
 Goal of 100% renewable energy

12.  Growth
 Prices
 Raw material costs
 Efficient cost control + choice of suppliers
strong company
 The Ikea concept