IKEA increased sales revenue

Ikea has reported a strong rise in full-year sales, thanks to solid international trading in China, Russia, Germany and North America.

The Swedish furniture retailer’s total sales increased 11.2 percent to 31.9 billion euros for the 12 months to August 31 2015. Adjusted for currency impact, total sales increased by 8.9percent. Comparable store sales grew by 5.1percent.

China remained its fastest growing market, followed by Russia, said Ikea. It singled out Germany as showing record growth and pointed out North America as also performing well. The retailer said south Europe “demonstrated positive progress”. (MTI)