IKEA achieved a turnover growth of fifteen percent in Hungary
IKEA’s two department stores in Hungary – with an increase of 14.5 percent – reached 54 billion HUF sales revenue in its fiscal year ended last August, which is an outstanding, the third largest increase within the group – Marek Feltl, IKEA’s regional head explained at a press conference on Wednesday in Budapest. The company will open its third store in Soroksár, Hungary in May.
He added that the furniture manufacturing group closed a successful year last year. The company reached 34.2 billion euros revenues which is a 7.1 percent increase over the previous year. IKEA’s net profit grew by 19.6 percent to 4.2 billion euros. (MTI)
Related news
The drastic rise in prices on the Hungarian furniture market seems to have stopped
In the recent period, the pace of drastic price increases…
Read more >Retail trade and FMCG have become more attractive to workers
On 25 April Randstad Magyarország published the list of Hungary’s…
Read more >We can’t fit them in the kitchen: the IKEA survey examined Hungarians’ storage difficulties
According to 71 percent of Hungarians, maximizing the use of…
Read more >Related news
Large companies are resistant to economic uncertainty
Restrained expectations characterize the domestic corporate sector for the next…
Read more >Company trend in 2024: a more positive half-year, but still a negative message
The lowest number of companies in the last five years…
Read more >The Hungarian Marketing Association for the supply of the profession
The Hungarian Marketing Association is actively working for the future…
Read more >