IKEA: gross profit worldwide 2009-2023

In the financial year 2023, the global gross profit of IKEA amounted to roughly 14.7 billion euros, up from around 14 billion recorded a year earlier.

IKEA's unique selling proposition

IKEA is an internationally known home furnishing retailer with the vision of 'creating a better everyday life for the many people'. The company's products are flat-pack, ready to be assembled by the consumer. This allows a reduction in costs and packaging. Low prices are the cornerstone of the IKEA business idea and the company always tries to do things as efficiently and cost-effective as possible. The business’ innovations include new materials that contribute more to a sustainable environment and are less costly or using the newest ways of packaging, handling and transporting materials.

IKEA's brand value

As of 2023, is not only IKEA the most valuable furniture retailer brand in the world, it is also among the leading retail brands globally, valued at around 21 billion U.S. dollars. The business operates over 470 stores and is present in the world's major markets. In 2023, there were more than 860 million customer visits to IKEA stores, and nearly four billion visits in the company's online webpage IKEA.com.