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The Swedish giant set a new milestone in its history by closing the 2022-23 fiscal year with illustrious results in terms of both turnover and profitability. This leadership status in the sector would lead it to implement new strategies in its Spanish operations, which included expanding its workforce to more than 10,000 people.
In numerical terms, Ikea posted revenues of 1,953 million euros, with growth of 7.4%. A large increase driven by furniture sales, which accounted for the bulk of annual turnover with 1,824 million (+7.5%). However, its restaurant also had a major impact on this rise: its sales reached 71 million euros, representing a 16% increase.
In this sense, the public continues to worship the gastronomic offer of IKEA, based on affordable dishes with Scandinavian ensign, as its famous Swedish meatballs HUVUDROLL with mashed potatoes and jam. A star preparation that has been replicated on countless occasions, which accompanies the rest of the culinary proposal in which healthy and organic foods are increasingly gaining weight.
According to Expansión, the Scandinavian brand concentrated almost half of its business in Spain (45%) in its two main markets, Catalonia (445 million) and Madrid (443.8 million), up 6.6% and 6.5%, respectively. Andalusia was the third largest market by volume, with 363.1 million in revenues, a 7% increase. A strategy with which the Swedish firm has managed to position itself at the top of the sector, taking into account the results of 2023 in which it achieved a turnover of almost 2,000 million in the Spanish market.