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)